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The disadvantage with Venmo is you have to carry a Venmo balance and cash out. Square sends straight from card to card.

Sort of related, the onboarding with Square Cash is easy enough (no bank account numbers needed) that I feel less bad sending to someone who doesn't already have it than I would with Venmo.

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You actually don't need to carry a balance with Venmo to send funds to a friend. If you have a balance of $0, you can send funds and Venmo will pull the funds from your bank account.

But you do carry a balance to receive funds, until you cash out. With Square you receive funds directly into your bank account via your debit card.

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