How it Maths
"TLDR" = I make a little on each tip (7.5%) so you don't have to pay a subscription or up front fee.
I am SUPER PROUD of this price structure. It is the cheapest fully-secure credit card based system around unless you want to start your own business account and pay for all of this yourself.
You can even get paid to a Debit Card from eTip.io or Venmo. (You don't even need a bank account to use GiGTiP™!).
There is no subscription fee or obligation to use GiGTiP™, and no exclusivity requirements.
I display VENMO on the same page as GiGTiP™! One QR Code for all of your links. GiGTiP™ takes NO FEEs for Venmo (or any other) links.
OK, How much does GiGTiP™ charge per Tip?
GiGTiP™ earns 7.5% fee per tip only on eTip.io transactions.
GiGTiP™ never charges fees on your other payment methods like Venmo, CashApp, Zelle etc...We only earn on eTip.io transactions.
No one likes “mathing”… so here is a table to illustrate how common tip amounts break down:
| Tip Amount | You make |
|---|---|
| $2.00 | $1.85 |
| $5.00 | $4.62 |
| $10.00 | $9.25 |
| $15.00 | $13.87 |
| $20.00 | $18.50 |
| $25.00 | $23.12 |
| $30.00 | $27.75 |
Flat 7.5% per tip
Why so cheap?
It's free to get on GiGTiP because I wrote code to automate everything. It's a solo-preneur project... so I could keep the costs as low as possible. It's just me people.
The tipping customers typically opt to pay the banking transaction fees on each tip. If they don't, I got you covered.
The 7.5% fee is basically a "share" of the tipjar. This share covers GiGTiP running all aspects of maintaining the best tipping experience. This include the cost of running the website, fees to eTip.io in addition to fee based costs, and the other myriad of expenses to maintain an online business.
The average tip earnings over all performers is currently about 8 bucks. (Compare that to your cash jar or Venmo revenue averages :)
The tip amount is affected by a lot of factors...the audience, the venue and the performer to name a few. Even the weather can affect the tip amounts. We have one busker who "chases the sun"..this performer has much higher tip amounts and frequency than those in Seattle 🙂
How do I get my money?
Once you have at least 10 dollars in your account, payouts are automatically deposited via eTip.io app into your preferred payment method (Debit card, ACH, Prepaid Visa) every 1st and 15th of the month for free.
You can get always get your funds at anytime for a 1 dollar transaction fee with your eTip.io app regardless of how much money is in your account.