In order for tips to be payable to staff, they have to be disbursed. Disbursing tips allows companies to divide and distribute these tips to the appropriate staff members in the appropriate amount.
Numerous businesses rely on tips: restaurants, nightclubs, service industries and transportation, for example. Yet for business owners, disbursing employee credit/debit card tips can be a challenge.
Whether they have to determine and disburse tips each day or deal with cash shortages when most transactions are completed with credit/debit cards, there are strategies that establishments can use to streamline the process. With certain on-demand pay solutions, employees can access their pay and tips early and save it as they earn it.