How much do you usually tip at restaurants? 15%? 20%? You could be tipping a lot more very soon. In fact, studies show it's already happening. Have you noticed yourself tipping more? If so, it could be because of how you're paying.
The sudden increase of restaurants and food joints accepting mobile payments not only makes it easier for customers to pay, but also has led to an increase in the amount the customers tip. There are a few reasons why servers are seeing more money in their pockets at the end of the day.
One of the biggest is that customers leave restaurants feeling more satisfied with the service. Now, they don't have to wait around for a busy waiter or waitress to drop off their bill. They can just pay on their smartphone and leave as soon as they're finished with the meal.
Pay Pal, Apple Pay and Android pay have brought the idea of mobile payments to the masses, and it's paying off for everyone. The app Cake makes it "fun" for customers to pay their check by seeing live updates of the food they ordered and being able to split the bill right on their smartphones.
The scientific research team Juniper Research Group has predicted that our future will be filled with mobile payments before we even notice. One of their studies conducted last year states, "... more than 1 in 3 mobile wallets – and over 50% of [mobile] wallets in developed markets - will featuring contactless payment by 2018."
That means that servers are in for a big pay increase over the next three years if this trend continues. I use my Apple Pay all the time and I would be thrilled if I could use it while dining out. But what do you think? Are the servers in for a treat or do you think this fad will pass?
Let me know by leaving a comment below.