eTip has forged a partnership with Visa to help service workers more easily access tips and wages across payment apps. By integrating into existing payroll and tipping systems, this collaboration is designed to help automate payouts for greater efficiency and enhanced user experience. The simplified workflow ensures faster access to wages and tips while improving employee satisfaction and retention, according to the San-Francisco-based digital tipping platform.
"At eTip, we believe service workers are the backbone of the economy, and they deserve a fast, transparent and accessible way to manage their earnings," Nicolas Cassis, co-founder and CEO of eTip, said in a statement. "With cash transactions declining, it's critical that tipping evolves to meet the needs of today's workforce. Our integration with Visa Direct makes it easier than ever for workers to access their hard-earned money quickly, empowering them with financial stability and control. By removing barriers to financial security, we are helping to ensure that tipping truly serves the people who rely on it most."
According to the company, businesses using eTip report an average 95 percent increase in tip frequency with workers receiving tips five times more frequently than before. The company further noted that by integrating with alias-based payments via Visa Direct, eTip is further enhancing financial access and flexibility, ensuring workers can benefit from their increased earnings as quickly as possible.
Visa has streamlined funds disbursements to participating digital wallets in real-time. US-based PayPal and Venmo users can create aliases in their digital wallets and transfer their wages to their designated digital wallet accounts.