Business ideas come up in the oddest of places or situations, and a true entrepreneur must learn to draw inspiration from such events and recognize its potential in order to succeed. This is exactly what founder of Where's My Tip did.
One fine day while checking out a hotel Ryan Erisman realized that he didn't have enough cash in his pocket to tip the luggage guy who helped them with their bags. Subsequently, he had to rush to a nearby ATM to get some cash for the porter. "I thought to my self this guy's going to be wondering, where's my tip?" Ryan said.
How does it work?
The members of this site subscribe for one year subscription for $100 and receive tip cards in exchange which can be handed out to anyone in the world. The receiver of that tip card can go online any time and "Request A Tip", this request (with a unique ID number) will then be forwarded to the member who can pay for the tip online through credit card or PayPal.
Cashless tipping is undoubtedly a very convenient way to expressing gratitude for services like concierge, doorman, porter, etc.; especially for travelers who would rather carry traveler's check than cash. Having said that, there are few drawbacks that this service carries, for example, a bell boy would rather have a $ bill on his hands than a card with instructions on it. Also, there aren't many receivers who'll be comfortable with or perhaps aware of PayPal way of money transaction. Nevertheless, this idea has quiet a scope in the future considering the pace with which the world is shrinking, thanks to World Wide Web.
It simplifies the entire tipping process and is also a safe alternative for cash while traveling; especially abroad.
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Thanks for the post about Where's My Tip. I'm actually an e-junkie customer as well.
You are welcome Ryan, and we wish you all the success in the future. :)
Thanks for the post about Where's My Tip. I'm actually an e-junkie customer as well.