Update Your Tip Payouts Banking Details

1. Login as an Admin.
2. In the left navigation bar, head to Tip Management > Tip Payouts > select Banking.
3. Click on the More options   icon next to the location you'd like to update.
4. Select Update bank account:
   
5. You'll have the flexibility to (1) Link a new bank account or (2) choose an existing bank account (only bank accounts previously set up in your user profile will be displayed).

6. Based on your selection, follow the on-screen prompts to securely connect your bank account.

   ⚠️ If your financial institution is not supported on the web app, start a chat with our Support team for further assistance. Please note that you will be required to provide proof of ownership for security and reporting purposes.

    

7. Review and confirm your new banking details by clicking Next.
8. You're done!

Locations must first be set up within your Locations/Department/Role settings. From there, follow these steps:

1. Login as an Admin.
2. In the left navigation bar, head to Tip Management > Tip Payouts > select Banking.
3. Click + Set up a new location:
   
4. Follow the module to set up your Location, float amount, and fee allocation.
5. On the Banking Setup page, you'll have the flexibility to (1) Link a new bank account or (2) choose an existing bank account (only bank accounts previously set up in your user profile will be displayed).

6. Based on your selection, follow the on-screen prompts to securely connect your bank account.

   ⚠️ If your financial institution is not supported on the web app, start a chat with our Support team for further assistance. Please note that you will be required to provide proof of ownership for security and reporting purposes.

   
    

7.  Click Next to confirm your banking details.
8. Review the float amount being withdrawn from your bank, and click Confirm transfer.
9. Hit Done, and you have successfully set up this Location's Payment Batch!

Auto Top-up Float Amount

What is it? A selected amount that you want in your 7shifts float account at all times. You'll have the flexibility to hold a maximum float amount of $30 000 within your account.

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 also recommend that you allocate 4x the amount of your busiest day of tips to account for bank processing times (typically 2-3 business days). 
 

To edit your float:

1. Login as an Admin.
2. In the left navigation bar, head to Tip Management > Tip Payouts > select Banking.
3. Click on the More Options icon next to the Location you'd like to edit your float for.
4. Select Edit float:
   
5. Enter the amount you want readily accessible > click Adjust.
6. Review and click Confirm to complete the transfer of funds into your 7shifts float:
   

Follow these steps to change who incurs the transaction fees :

1. Login to the 7shifts web app as an Admin.
2. In the left navigation bar, head to Tip Management > Tip Payouts > select Banking.
3. Click on the More Options icon next to the Location you'd like to update.
4. Select Edit transaction fees:
   
5. Select who covers the transaction fees:
   • The Restaurant: the restaurant covers 100% of the transaction fees.
   • The Employee: the employee covers 100% of the transaction fees.
   • Share the Fee: split the fee between the restaurant and employee.