Get tipped instantly by anyone, anytime! Display your unique Medallion image to prospective Tippers who tip you by scanning the image using the Zip Tip app on their smartphone! Tips go instantly and directly to your paypal account.
Tippers don’t carry cash anymore (43% no longer carry cash) but still want to tip. When they do tip with cash, it’s not secure and subject to loss, theft or allocation. Employer tipping laws and regulations are complicated and make compliance difficult. Credit card tipping is fraught with problems as the tip is paid to the wrong party; the merchant! Ziptip can increase tipping opportunities by liberating tippers to tip whomever they wish.
An estimated $40-70 billion is paid in tips in the US each year. Many (but not all) countries have significant tipping activity, and Ziptip is enabled in dozens of countries due to our partnering with PayPal for payment processing. Unique data may be gleaned from our users and transactions. There is an opportunity not only to earn transaction fees but also monetize the provision of instant service feedback to employers. The sale of business cards and other Ziptip collateral adds to revenue. Opportunities may exist in airlines, customer service reps and other areas.
Unlike other forms of mobile payments, Ziptip does not require the payment recipient (tip recipient) to use or expose their phones at work, use any other hardware or perform any operations. Ziptip’s IP may be protected. A provisional patent was filed in March 2011 for Ziptip’s unique tipping solution/device.
Target Customers: salons and spas, yoga studios and similar, hotels, bars, cafes, fast food, musicians, wine rooms, artists, teachers/tutors, organic, etc.
Ziptip has been awarded a number of accolades including Best Use Case/Best Market Potential (HP Cross Platform Challenge Award) and Best Use of the Sencha Touch App Framework at WIP Connector’s Muther! of all Hackathons + DevCon and Best App, Silver Medal (Investors’ Choice Award), and Best Use of the PayPal API (Sponsor’s Choice Award). In May 2012 Ziptip was included in Tech Cocktail’s list of Boston’s Hottest Startups. To date Ziptip has had organic tip recipient sign ups in 5 countries in vastly different service categories.