I found the receipt-entering and thing-tagging useful in and of itself. The auto-labeling was awesome for watching my accounts - you generally only had to label/tag a business once.
I vastly, vastly prefer Wesabe's auto-labeling system to Mint's POS labeling. On Mint, any transaction from Chili Ave (a major road) gets autolabeled as Chili's, the restaurant - and so on. It makes Mint worse than useless for me. I get better info logging onto my bank's 90s era site.
They're talking about the signup process basically. Mint is a terrible product with a fantastic signup process. All those posts about how great it is are from people who signed up, looked around for 5 minutes, then never used it again.
Plus almost all of the users that do stick around go for the high-end financial referrals that Mint pitches them based on their data. Cost Per Action fees for rewards cards and mortgages are through the roof for complete signups of high-value people.
Their conversion rates are terrific even when you include the vast majority of people like us that sign up and never use it again. They were making quite a lot of money when they were acquired.
I vastly, vastly prefer Wesabe's auto-labeling system to Mint's POS labeling. On Mint, any transaction from Chili Ave (a major road) gets autolabeled as Chili's, the restaurant - and so on. It makes Mint worse than useless for me. I get better info logging onto my bank's 90s era site.