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Paypal was missing all the core features:

* Paypal did not integrate with facebook (does it even do that now?) so I would have to manually ask each person for their paypal id. Not fun for casual dinners with new friends

* Paypal was not free (they charged for debit or credit)

* Paypal did not have a good mobile UX

I remember this because the reason I adopted Venmo was because my roommates were searching for a solution to split rent and we looked at Paypal and ended up choosing Venmo. Then I started using it for social activities (restaurants, taxis, bars, etc.) and became an active user. I actually have had Paypal since the ebay days, but I never use it.




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