(for Admins and Managers)
Ready to get started with Tip Payouts? Here's what happens next!
This Quick Start Guide outlines the setup details, onboarding process, and how payouts work. Through 7shifts, you can enter tip amounts for each employee and have that money directly deposited into their debit cards after a shift.
In a few simple clicks, you'll be digitally sending employee tips on the same day they're earned. If at any point you have more questions, our team is here on standby to show you everything you need to know!
Table of Contents
3 Steps to Get Started
Key Features
Why Teams love 7shifts Tip Payouts
FAQs
7shifts Support & Contacts
3 Steps to Get Started
Here are three easy steps you'll need to take to start sending instant tip payouts:
Why teams love 7shifts Tip Payouts (and why you will too!)
For Admins/ Managers
It's a solution. Counting cash and ensuring that there is enough on hand causes unnecessary challenges at the end of a long day. This includes making trips to the bank to withdraw large sums of cash.
It saves you time. Automating the process, allows you to move faster and accomplish more on your checklist. Simplify your pay cycle and manage tips all in one place.
It's reliable. The digital movement of money leaves a paper trail so you can increase accountability. You can rely on reports to look back and see what happened - right when you need it.
Employees love it. It’s not surprising! Tips are deposited instantly and can be done while they're off-site. Boost employee retention and keep your talent happy.
For Employees
It's transparent. Employees can track their payment history and see the exact amount they're receiving.
It's immediate. Quick and immediate calculations mean Employees receive tips in a timely matter. There's no need to wait around on-site, or for payroll to receive tips.
It's safe and secure. Nobody wants to risk leaving work late at night with cash on hand. Instead, payment information is now stored securely and compactly.
Key Features
Auto Top-up Float Amount
Select an amount that you want in your 7shifts float account at all times. This ensures you'll always have the funds to pay out your staff. 7shifts will automatically top-up funds into the Account when the balance falls below the amount you have set.
We recommend that you allocate 4x the amount of your busiest day of tips to account for bank processing times (typically 2-3 business days).
Secure Payout Limits
Each time you send a payment, you're able to send up to a set maximum amount to each employee - and only what is currently the available balance in your Account. This acts as a safety net to prevent typing errors and incorrect amounts from being sent to a payee.
Flexible Payout Frequencies
As the user who is initializing the batch, you can determine your pay frequency. Whether that be daily, bi-weekly, or at the end of the week - this will be entirely up to you. We recommend using a consistent frequency and keeping in mind your local labour laws.
Please note that there is a transaction fee associated with each payment.
FAQs
Q: What are the requirements to use Tip Payouts?
A: To be eligible for Tip Payouts...
- Your restaurant must operate in the U.S.
- Employees must receive tips via an eligible debit card.
- Employees must be using the 7shifts mobile app to register account information.
Q: What do we do if an employee doesn't have a debit card?
A: If your Employee doesn't own a debit card, most prepaid debit cards will work. However, we recommend using Chime. Chime provides a free Visa Debit Card® with a Checking Account that can be managed directly from a smartphone. Click here to learn more about Chime.
Q: Is Tip Payouts secure?
A: Yes. Security at 7shifts is our number one priority. You can trust 7shifts to keep your information secure and your funds safe. We have placed limits around the maximum amount that can be transferred, to ensure your management team does not exceed certain payout limits. You'll also be able to control which team members have permission to send payments.
Q: How do I run a Tip Payout report?
A: To run a Tip Payout report...
Log in as an Admin or Manager/Assistant Manager with permissions > click Reports in the top navigation bar > select Tip Payouts in the left-hand menu.
From here, you can use the filters to set a date range and Location. If you'd like, you can export the report as a CSV file onto your local device.
7shifts Support & Contacts
Need specific advice, training or onboarding support? We're here to help!
Book a one-on-one call with Andrew to chat more about Tip Payouts: