Popular June 26, 2024 4 min read

TipHaus Collaborates with Visa: Revolutionizing Real-Time Tip Payouts for the Service Industry

TipHaus Collaborates with Visa: Revolutionizing Real-Time Tip Payouts for the Service Industry

The service industry thrives on its people. From friendly bartenders to attentive servers, these professionals are the backbone of a great dining experience. But in today’s digital world, cash tips are becoming a thing of the past. Managing tip payouts through paper envelopes and manual calculations is time-consuming and inefficient for employers. For staff, waiting until the end of a shift to receive their tips can be frustrating and inconvenient.

As covered by AP News, Restaurant Technology News and Patch Seattle.

Introducing a Revolutionary Collaboration

TipHaus is proud to announce a groundbreaking collaboration with Visa that will transform the way service industry employees receive their tips. By leveraging Visa Direct, Visa’s real-time money movement network, TipHaus will empower employers to seamlessly distribute tips directly to employees’ bank accounts in real-time (Actual fund availability depends on receiving financial institution and region). This means no more waiting for payday, and greater financial security for your dedicated staff.

“By harnessing the power of Visa Direct,  we are empowering employers to provide their employees with fast, secure, and convenient access to their earnings, ultimately enhancing employee satisfaction and retention,”  said Leif Magnuson, CEO and co-founder of TipHaus. The integration of Visa Direct with TipHaus’ innovative platform allows employers to easily digitize tip payouts, providing employees with real-time access to their money.

Comprehensive Solutions for Modern Hospitality

Beyond streamlining tip payouts, TipHaus offers a suite of comprehensive solutions designed to meet the operational, recruiting, and compliance needs of modern hospitality employers. Our platform focuses on sustainability and efficiency, driving positive transformation within the service industry. With TipHaus, employers can ensure transparency, reliability, and accuracy in tip management, fostering trust and satisfaction among their workforce.

Setting a New Standard in Tip Management

“We are excited to collaborate with Visa to transform the service industry and improve the lives of frontline workers,” added Leif. This collaboration sets a new standard for operational excellence and employee empowerment by pioneering real-time tip payouts. Working with Visa underscores our commitment to enhancing the financial security and flexibility of service industry employees.

Larry Shaffer, Director of IT at Country Boy Brewing, loves being able to tip his employees out daily with Earned Tip Access™. 

TipHaus and Earned Tip Access™ have been a game-changer for us. It massively cuts down the hours we spend per week reconciling tips for bartenders and servers. It also works well for both regular operations and events, allowing tip sharing and pooling. Since implementing Earned Tip Access™, we’re now able to tip our staff out the next day, which has helped with employee retention and morale.”

Visa’s Commitment to Innovation and Security

For Visa, this collaboration continues its dedication to innovation and cybersecurity in digital transactions. “Today’s consumers are accustomed to ‘real-time everything, and worker expectations are no different when it comes to receiving payouts from their employers,” said Yanilsa Gonzales-Ore, SVP of Visa Direct North America. By collaborating with companies like TipHaus, Visa Direct is helping reshape global money movement, providing workers with faster, digital access to the money they’ve earned.

Firebirds Wood Fired Grill, spanning 55 locations with an average of 40 tipped employees at each, prioritizes their staff’s security and transparency over anything else. Cory Lilliston, their Chief Accounting Officer, said, “TipHaus is extremely easy to use and implement. Its clean and simple interface is a game-changer, and our team loves getting their tips daily thanks to Earned Tip Access™”

Join the Revolution in Tip Management

At TipHaus, we are dedicated to driving positive change within the service industry. Our collaboration with Visa is a significant step towards providing employers with the tools they need to offer their employees financial security and flexibility. For more information about how TipHaus and Visa are revolutionizing tip management, please contact us at sales@tiphaus.com.

About TipHaus:

TipHaus is a leading provider of innovative tip calculation, distribution, and daily tip payments. With over 100,000 employees at TipHaus-utilized restaurants benefiting from our solutions, our comprehensive platform offers transparent, reliable, and efficient tip management. TipHaus software eliminates manual errors and discrepancies, ensuring compliance with all legal requirements regarding tip management. By streamlining tipping processes and fostering trust, TipHaus revolutionizes how tips are calculated, managed, and paid out, ensuring fairness and accuracy for all stakeholders.

About Visa:

Visa’s mission is to connect the world through the most innovative, convenient, reliable, and secure payments network, enabling individuals, businesses, and economies to thrive.

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