eTip Introduces Instant Restaurant Tip Payouts to Platform eTip Introduces Instant Restaurant Tip Payouts to Platform
eTip laptop and app screenshots

eTip Introduces Instant Restaurant Tip Payouts to Platform

A FinTech service that specializes in cashless tipping is now looking to help waitstaff retrieve their gratuity more quickly.

About the new tool:

This week, eTip announced that it was introducing a new restaurant tip payout platform. With this option, locations will be able to offer instant payouts to their workers, with funds going directly into their bank accounts.

As eTip notes, 71% of American diners use a credit card to pay for meals rather than cash. Because of this, servers and other restaurant employees may need to wait in order to receive their tips, which can be frustrating. In turn, according to the company, this new instant payout feature could help improve employee retention and morale as well as better streamline payroll procedures.

About eTip:

eTip is a FinTech that’s sought to bring better digital tipping to the service sector. The company has already been working with large hotel brands as well as franchisees to offer digital tipping options for housekeeping employees and other hotel workers. Among the brands currently using eTip in some capacity are Best Western, Hilton, Marriott, and more.

What they’re saying:

Announcing the latest feature, eTip CEO and co-founder Nicolas Cassis said, “We’ve closely listened to the market, as well as our existing and prospective customers. We’re proud to say that our latest Restaurant Tip Payout feature responds to the changing payment landscape and emphasizes our commitment to driving better outcomes for businesses while enhancing employee wellbeing.” Cassis continued, “Our expansion into the restaurant sector builds upon our successful track record with leading hotel brands and reinforces our vision for a more efficient and employee-friendly future.”

My thoughts:

Recent years have seen a number of startups try to tackle the problem of giving employees faster access to their earned wages. Now, this feature from eTip takes on a similar situation, albeit an even more specific one. Yet, I think this tipping payout option makes a ton of sense and could be truly useful for employees. While I’ve never worked in hostility personally, I can imagine that those workers would want access to their money as soon as possible — and definitely could see multiple reasons why deposits to a banking account would be preferable to receiving an envelope of cash.

Meanwhile, although consumers may be frustrated with current tip culture (namely how prevalent it is), restaurants have long established a standard for tipping. Thus, it also seems smart on eTip’s part to create products that make the process of tipping more effective for employees in addition to bringing gratuity into other sectors. All in all, this strikes me as a strong expansion for eTip as the company continues to grow.


Kyle Burbank

Head Writer ~ Fioney
Kyle is the head writer for Fioney. He is a personal finance nerd, constantly looking for new apps and services to test and incorporate into his own financial game plan. In addition to his role at Fioney, he's written for other publications including Born2Invest, Lifehack, and Laughing Place, as well as his own site Money@30. He also creates personal finance and travel-related videos for Money@30's YouTube channel, which has garnered more than 2 million views. Currently, Kyle resides in Springfield, Missouri with his wife of 10 years. Together, they enjoy traveling (including visiting Disney Parks around the world), dining, and playing with their dog Rigby.

Other Articles by Kyle Burbank

2023 Small Business Credit Card Satisfaction Tops 2019 Highs

The latest small business credit card study from J.D. Power shows satisfaction continuing to rise. About the study and results: This week, J.D Power released its 2023 U.S. Small Business Credit Card Satisfaction Study, which includes responses from more than 3,400 small business credit card customers. In this case, the study looked at businesses with annual revenues between $10,000 and $10 million. First, it was discovered that overall satisfaction among...

Discover Announces 5% Bonus Categories for First Quarter of 2024

With 2024 sneaking up on us, Discover has announced its rotating 5% bonus categories for the first quarter of next year. About the Q1 2024 bonus categories: From January through March 2024, Discover It customers will be able to earn up to 5% back in two categories: restaurants and drugstores. According to the company, the Restaurants category includes full-service establishments, cafes, cafeterias, fast-food locations, and dining delivery services. For the...

Public App Adds Corporate and Treasury Bonds Feature

The FinTech trading app Public has announced new investment options for its members. About the features: Public is now rolling out the ability for customers to invest fractionally in corporate and Treasury bonds. This capability will be introduced on both the mobile and desktop interfaces for the service. According to Public, the addition comes as demand for fixed-income products increases. In addition to these bond types, the app will also...
The "Email" field is empty, you must enter some text to proceed.The text you entered in the "Email" field appears to be invalid, please edit it and try again
Get the Latest News Delivered to Your Inbox

FedEx Announces Winners of 11th Annual 2023 Small Business Grant Contest

Nearly three months after the entry period ended, FedEx has announced the winners of its 11th annual Small Business Grant Content. This year's event saw more than $300,000 in funds going to a variety of small businesses across the nation. Last month, the company revealed 100 finalists, with that list now being narrowed down to just 10 winners. This year's grand prize winners included KindVR, The Cupcake Collection, Up In...
Summer app

Student Loan Benefit FinTech Summer Raises $6 Million

For years, student debt has been one of the most talked about financial topics. What's more, while the debt itself has become a major part of many Americans' lives, discussion of student loans has become political due to efforts to forgive certain loan repayments. However, while we wait for resolution on that front, a FinTech that brings student debt benefit solutions to employers and consumers has raised a new round...
H-E-B and Central Market  credit cards

Imprint Launches Credit Cards from H-E-B and Central Market 

The FinTech Imprint is partnering with the popular Texas-based grocery chain H-E-B for a pair of new rewards credit cards. This week saw the launch of the H-E-B Visa Signature Credit Card as well as the Central Market Visa Signature Credit Card. With these two (nearly identical) options, customers will be able to earn rewards on groceries and beyond. First, both versions of the card earn up to 5% back on select...
Melissa Urban holding a Ness card

Health and Wellness Rewards Card Ness Partners with Whole30

In recent years, several unique rewards cards have come to market. These include offerings from FinTech startups as well as brands looking to do something special for their loyal fans. On that note, a recently-announced rewards credit card offering is now working with a popular brand to introduce new benefits for customers. This week, the Ness Card (which is issued by The Bank of Missouri) unveiled a new partnership with...
Choice Privileges Select Card

Choice Hotels, Wells Fargo Debut Choice Privileges Select Card

With spring well underway and the summer travel season now just around the corner, Choice Hotels and Wells Fargo have unveiled their latest co-branded credit card offering. Today, the two companies announced the Choice Privileges Select Mastercard. Carrying an annual fee of $95, this card will serve as the premium option in the hotel brand's new lineup. Looking at the Choice Privileges Select, it offers a mix of rewards categories....