TipBux Fee Structure:

At TipBux, we aim to provide a seamless tipping experience while maintaining transparency about the fees involved. TipBux users will incur Stripe and TipBux fees.

Stripe’s fees are standard charges found across most peer-to-peer and fintech platforms, covering, bank transfers, secure identity verification, bank processing and compliance costs. 

TipBux transaction fees ensure a secure and reliable tipping experience. These fees cover transaction processing and are also reinvested directly into TipBux, enabling us to develop new features and enhancements. This ensures seamless money movement while maintaining industry-leading security and reliability. 

Below is a detailed breakdown of these fees to help you understand how transactions work on our platform.

Standard Bank Transfer Fees (All Users)

All users are subject to standard bank transfer fees via Stripe:

• A one-time $1.50 secure bank connection & identity verification fee when linking a bank account to TipBux.
• Stripe charges 0.8% (capped at $5.00) for all bank transfers to your TipBux wallet.
• TipBux charges $1.00 transaction fee per tip sent or withdrawn under $100 and a 4% transaction fee per tip sent or withdrawn over $100 (capped at $5.00)

Wallet Uploads: Understanding Stripe Fees

Stripe Fee 0.8% ($5.00 cap)

TipBux Wallet Balance after Stripe ACH bank transfer fees examples:

$20.00 - (0.8%) = $19.84

$40.00 - (0.8%) = $39.68

$60.00 - (0.8%) = $59.52

$80.00 - (0.8% = $79.36

$100.00  - (0.8%) = $99.20

$100 + Final amount will vary. 

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Tippees:

Tippee's are enabled to initiate withdrawals and wallet uploads on TipBux. Therefore if a Tippee wants to send aTip without using the money in their TipBux wallet, Tippee's can upload money to their TipBux wallet from their connected bank account, however all bank transfers (wallet uploads) are subject to Standard Stripe fees. 

Withdrawals (TipOut's):

•  Standard Tipbux Fee ($1.00 transaction fee for tips withdrawn under $100 and a 4% transaction fee for tips withdrawn over $100 (capped at $5.00)
• Standard Tipbux Fee ($1.00 transaction fee for tips sent under $100 and a 4% transaction fee for tips sent over $100 (capped at $5.00)

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TipBux Processing Times

Here's a breakdown of processing times for transactions within the TipBux system:

• Adding Funds to Your TipBux Wallet:
  • When you add money to your TipBux wallet, it will take 24-48 hours for the funds to settle from your bank to TipBux.
  • This timeframe is due to standard ACH processing times required by Stripe, our payment processor. Please note that as a new financial company, TipBux adheres to processing times established by banking institutions and facilitated through our payment processor, Stripe. TipBux does not control these processing times. 
  • To enable you to send tips immediately, TipBux will provisionally advance these funds before they have fully settled. Your TipBux wallet balance will reflect the amount you requested to upload, less any applicable Stripe fees; however, the underlying funds will still be processing.
• Sending a Tip:
  • When you send a tip, it will take 24-48hrs for tips to settle for recipients.
  • The recipient will not be able to access the tip for tipout until the processing time (24-48 hours) has been completed.
• Receiving a Tip:
  
  • When you receive a tip, its status will be displayed in one of two ways:
    
    • "Available for Tipout"
    • "Not Yet Available for Tipout"

Need Help?

If you have any questions or need further clarification about fees, feel free to reach out to our support team at TipBuxCare@outlook.com