Kyle
Although restaurant and hospitality industry technology has improved by leaps and bounds over the years, one area where it still falls short is tipping. That’s where San Diego startup The Tip Network comes in.
With the economy the way it is these days restaurant owners and managers are mice-managing their shift schedules even more than they ever have before. Owners are managers are quick to make cuts to their wait staff the minute they can. This causes a major pain for servers. In a lot of restaurants servers either need to stick around after getting cut or at the end of their shift, come back at closing time or wait until the next day to reconcile their tips and tip out. This can be a major pain point for servers.
The Tip Network offers solutions for problems like that and other problems that plague proprietors of tip based businesses.
Tip Network is a cloud based tip management solution for independent and chain restaurants. We enable managers to easily track, allocate, and distribute tips digitally to their staffs Tip Network. Each staff member has their own unique Tip Network profile that allows them to (1) send money to any account, at any bank (2) send money to anyone in the network, (3) and many other things down the road .
Using the Tip Network, servers take ownership and management of their tips over, instantly. Now, from the comfort of their own home, or device they can tip out to support staff, move tips to their bank accounts even pay back loans to other servers. Like PayPal, with The Tip Network users get their own ID and can move their tips around anywhere in the network.
Founder Greg Crisci has first hand experience as a server and knows the pain that his startup hopes to solve. He’s busy these days looking for integration partners and preparing the implementation of his new tipping alternative. He did take a few minutes to talk to us though. Check out the interview below: