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TiPJAR
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==Idea== <vimeo>569771285</vimeo> TiPJAR is a solution for customers to tip workers in <5 seconds via their phones. No app required. Initially designed for hospitality staff, now with other tipped workers such as buskers & hairdressers using the platform too. '''We set out to solve:''' 1. Tipped workers are earning less each year as cash transactions reduce (Covid-19 supercharged this problem) 2. Businesses struggle under the burden of tax compliance & levels of transparency needed to manage tips 3. Consumer confidence in tipping is at an all-time low, with stories of major chains using service charges for their own benefit We've used tech to allow customers to tip staff & groups of staff directly, this transparency gives consumers confidence that the money goes to who it was intended & removes the businesses’ liabilities, the burden of complying with tax legislation & reduces the cost of running a compliant tronc systems. We've estimated the global tipping market to be worth a combined $100bn per year. We're the world’s first multi-currency, scalable solution, that allows us to work quickly to help solve this problem across multiple countries. '''Since our first raise last year:''' We received clearance from HMRC defining digital tips equivalent to cash, launched in the US with a partnership with Visa, launched in the EU, launched a dedicated tipping device 'TAP TO TIP' & became the first tipping solution to use open banking.
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