Branch offers a mobile digital wallet for working Americans. An on-demand hub that helps them meet their everyday financial needs, our app allows any employee to receive money, manage their cash flow, and spend anywhere – all from their smartphone.
Tipping practices have changed drastically over the past few years, driven in part by the steep decline in cash usage, the global pandemic, and an ongoing labor movement consisting of workers who demand fair, livable wages—and the debate over whether or not tips help or hinder that goal. Despite it all, tipping is still an avid practice in most hospitality businesses, and ideally should help employees improve their cash flow and see immediate earnings for shifts worked.
Tip payouts are not a one-size-fits-all payment process, however. There are several factors to consider, including how you’ll tip out your employees, whether or not you’ll use tip sharing or tip pooling, and how you’ll stay compliant with state and federal regulations.
To help you get a sense of the best tipping practices for your business, we’ve compiled this comprehensive guide that seeks to answer some of those essential questions.
