Industry Trends Popular September 21, 2023 5 min read

Say Hello to Earned Tip Access™ – Transforming Tip Distribution

Say Hello to Earned Tip Access™ – Transforming Tip Distribution

In today’s fast-paced world, immediate access is the new norm. TipHaus brings this concept to the tip distribution landscape within the restaurant industry 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.

Earned Tip Access™ empowers managers and operators to seamlessly distribute daily tip earnings to their staff. This revolutionizes the entire tip distribution process, fostering increased employee satisfaction and trust. This blog dives into the inner workings of Earned Tip Access™ and unveils the numerous benefits it offers to both employers and employees.

Effortless Tip Distribution with Earned Tip Access™

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.

Daily Payouts for Managerial Peace of Mind

One of Earned Tip Access™ 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.

The Employee Mobile App: Empowering Your Workforce

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 95% immediate reduction in employee-manager tip-related disputes, the app fosters a harmonious 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 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 mobile app, allowing them to choose the payout method that best suits their needs.

Two Flexible Payout Options for Employees: 

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. 

Hausmoney: Financial Freedom for Restaurant Professionals

Looking to gain control of your finances and ditch banking hassles? Hausmoney has you covered. This revolutionary platform caters to underbanked or dissatisfied individuals within the restaurant industry.

  • Instant Access: Get your wages and tip earnings immediately, eliminating the wait for traditional pay cycles.
  • Hassle-Free Banking: Enjoy fee-free checking and savings accounts with FDIC insurance.
  • Effortless Management: Take control of your finances with convenient features and tools.

Hausmoney empowers restaurant professionals to manage their finances effectively and conveniently.

Hausdirect: Streamlined Tip Access for Existing Bank Users

Prefer the familiarity of your current bank but want faster access to your tips? Hausdirect offers a seamless solution.

  • Convenient Tip Payouts: Receive your tip earnings directly to your preferred debit card ahead of your regular payroll.
  • Simple Setup: Link your existing debit card during enrollment for quick and easy transfers.
  • Integrated with Payroll: Hausdirect works seamlessly with your employer’s payroll system for automatic tip deposits whenever a payout is initiated.

Hausdirect provides restaurant staff with the convenience of receiving tips without the need to switch banks.

Why restaurants are loving Earned Tip Access™ 

  • 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: Enjoy TipHaus’s Earned Tip Access™ completely free for all customers.
  • Modernized Work Environment: Embrace a future of financial empowerment, streamlined transactions, and staff convenience.

Earned Tip Access™ – A Win-Win for Tip Distribution

Earned Tip Access™ revolutionizes tip distribution for restaurants. Employees gain access to their well-deserved earnings promptly, fostering satisfaction and trust. A user-friendly mobile app keeps everyone informed, promoting transparency. Automatic tip pre-calculation eliminates manual work and ensures accurate distribution. This win-win solution cultivates a transparent work environment, empowering both employees and managers. Ultimately, this sets the stage for a successful and efficient restaurant operation.

Discover how TipHaus can transform your restaurant’s tip distribution. Click here to explore the platform.

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