In today’s fast-paced world, waiting is a thing of the past, and that includes waiting for tips. That’s where TipHaus steps in with Earned Tip Access® (ETA). ETA eliminates the traditional waiting period for employees to receive their tips, ensuring prompt access to their well-deserved earnings.
For managers and operators, ETA makes daily tip distribution effortless. It transforms the process, building trust and boosting employee satisfaction along the way. In this blog, we’ll break down how Earned Tip Access works and explore the many ways it benefits both your team and your business.
TipHaus is the industry expert on tip management, dedicated exclusively to helping restaurants, bars, and hospitality venues streamline their tipping processes. Unlike one-size-fits-all solutions, TipHaus goes beyond surface-level functionality to tailor every restaurant's tip structure to its unique needs. By focusing solely on tips, we deliver unmatched expertise and customization, ensuring our clients stay ahead in an ever-evolving industry.
The foundation of Earned Tip Access lies in pre-calculated tips, streamlining the entire tip distribution process. TipHaus's innovative technology seamlessly synchronizes real-time tip details with your point-of-sale (POS) system. Each employee's tip earnings are automatically pre-populated based on your established tip logic and daily sales data. This eliminates the need for manual calculations, tedious spreadsheets, and reduces the risk of errors and flawed employee records. Managers can be confident in the fair and efficient distribution of tips to their staff.
One of Earned Tip Access's standout features is the daily payout schedule. Managers initiate payouts the morning after a shift, with funds automatically debited from the operating account and deposited into employees' accounts. This system ensures timely compensation and alleviates financial stress for employees.
Managers play a vital role in maintaining the payout accuracy. They diligently review total tips, confirming the absence of errors or discrepancies in employee records, and then initiate payouts. This quick verification process enhances trust and transparency within the system.
To enhance employee satisfaction and trust, TipHaus offers a dedicated mobile app. This app is designed with employees in mind and provides a range of benefits:
Real-Time Tip Data: Employees have access to real-time information about their tip earnings.
Reduced Disputes: With a 95% immediate reduction in employee-manager tip-related disputes, the app fosters a transparent work environment.
Peer-to-Peer Transfers: Employees can easily send tip earnings to one another, facilitating teamwork and camaraderie within the workplace.
Proof of Income: The TipHaus Employee App serves as proof of income for various purposes, including housing, car loans, and spousal support, making employees’ lives easier outside of work.
Seamless Enrollment: Employees can enroll in HausDirect or HausMoney directly from the TipHaus Employee App, allowing them to choose the payout method that best suits their needs.
Discover how Brass Tap Baltimore is boosting staff retention with Earned Tip Access! Hear why employees love getting their tips daily and how it’s making a difference.
TipHaus understands that every employee's financial situation is unique. That's why we offer two flexible payout options for your employees to choose from.
Looking to gain control of your finances and ditch banking hassles? HausMoney has you covered. This platform caters to employees who need to build credit, are dissatisfied with their current bank, or seek more financial flexibility.
HausMoney provides a simple, effective way to manage your finances while building a solid credit history.
Prefer the familiarity of your current bank but want faster access to your tips? HausDirect offers a seamless solution.
HausDirect provides restaurant staff with the convenience of receiving tips without the need to switch banks.
Effortless Tip Distribution: Eliminate manual calculations and errors. Employees receive tips directly in their bank accounts with a single click.
Reduced Turnover: Motivate staff with instant access to earned tips, leading to lower turnover rates.
No More Cash Shortages: Pay staff instantly and accurately, eliminating the need for cash advances and bank runs.
Zero Hidden Fees: Earned Tip Access is completely free for all existing customers.
TipHaus Tip: With Earned Tip Access, you can tip out your team the very next day, boosting employee morale and retention. Staff also benefit from having proof of income for major purchases like cars or homes. By providing daily access to earned tips, including credit card tips, Earned Tip Access ensures employees stay engaged and financially supported. Plus, operators can choose to set aside compensation to prevent any tax surprises when April 15 rolls around, a win-win for everyone!
Earned Tip Access is exactly what restaurant operators need to simplify tip payouts and keep employees happy. It ensures your team walks away with their hard-earned tips right after their shifts, no more waiting for bi-weekly paychecks or dealing with piles of cash. With HausDirect and the HausMoney Charge Card, you’re not just streamlining payroll; you’re empowering your staff with instant access to their money and modern financial tools. It’s a game-changer for operators who want smoother operations, happier employees, and a future-ready approach to tip management.
Book a personalized walkthrough to explore how TipHaus can help your operations.
