How Radium Works
Instead of sharing personal information, Radium connects users via GPS. This keeps transactions quick and private for both the payer and recipient.
Once a Radium wallet is funded, the payer simply opens the Radium app, selects from a list of nearby Radium recipients, enters the desire tip amount, and confirms that payment. The tips are automatically placed in the recipient's Radium wallet who is also immediately notified of the payment. Most importantly, just like cash gratuities, the entire Radium transaction is fast, convenient, and no personal information is exchanged.
Open Radium and
Tap to Find Users
Select Radium Recipient
Enter Tip and
While advances in mobile payment technology have made many financial transactions easier for consumers, those platforms have failed to align with the cultural norms surrounding gratuity giving. Additionally, fewer and fewer people have cash on hand during those moments that call for generosity, leaving many who depend on those small payments behind. Radium, a patent pending cashless payment app, was developed to enable users to remain generous despite a lack of cash. The technology reduces guilt and encourages seamless generosity, namely gratuity giving, in the age of cashless payments.
Eliminating the awkward moment
Radium’s innovative technology addresses the gratuity giving gap by enabling Radium recipients (i.e., individuals seeking gratuities) to connect to Radium payers (i.e., gratuity givers) using GPS. Rather than a phone number or QR code to identify a desired recipient, GPS ensures privacy for both parties and allows for a more traditional gratuity giving experience. One that is fast, private, and avoids a potential awkward moment. Once the transaction is confirmed, both the payer and receiver are provided a record of the transaction that only includes the Radium usernames, the time, transaction ID, and location of payment.
We've all rushed out of a hotel room and forgotten to tip the housekeeper. Not a problem with Radium. Radium automatically displays all Radium recipients within a small radius allowing users to tip on-the-go. With Radium you can tip your housekeeper while in the hotel lobby or even across the street at a local café.
Increasing Service Worker Pay
Radium increases service workers' income by allowing cashless customers to #StayGenerous. Radium also shifts the power back to the individual service worker by removing the employer as the gratuity middle-man. No more wondering if a tip actually makes it to the desired recipient. Just like cash gratuities, the employer is simply not involved, and the tip is deposited directly the Radium receiver's account. The app is perfect for:
Beauty and Spa Employees: Hair Stylists, Message Therapists, and Nail Technicians
Performers: Bands, Singers, Musicians, and Street Performers
Hotel Staff: Housekeepers, Concierges, Valets, and Bellhops
Private Event Staff: Banquet Server, Bartenders, and Bussers
Restaurant Workers: Bartenders, Servers, and Hostesses
Hospitality Workers: Tour Guides and Personal Drivers
What makes Radium different than other payment applications?
Location, location, location, AND privacy. Radium's innovative technology uses GPS to connect users. As a result, only those seeking payment are displayed on devices of users in the area.
Additionally, using GPS rather than a phone number or a QR code to identify a desired recipient ensures privacy for both parties and allows for a more traditional gratuity-giving experience. One that is fast, private, and doesn't result in an awkward moment. Once the transaction is confirmed, both the payer and recipient are provided a record of the transaction that only includes the Radium usernames, the time, transaction ID, and location of payment.
Does Radium Charge Fees?
Radium is free to download, and unlike ATMs, Radium users are not charged fees to access their money. Users who receive funds are assessed a small transaction fee to cover the cost of the bank transactions. This fee is significantly lower than the fees credit card companies charge merchants.
How is my account funded?
Radium works similar to a toll pass that you might have in your car. Upon registering with Radium, users elect to fund their Radium wallet using a specific bank account and setting a wallet replenishment threshold which must be a minimum of $5. When a user's account falls below the specified threshold, Radium will automatically replenish the account with $25, or another higher amount set by the user, saving users time and money by eliminating trips to the ATM and withdrawal fees.
How Does Radium Keep My Information Private?
Radium, unlike other payment apps, was developed to ensure a more traditional gratuity-giving experience by quickly connecting users and protecting their privacy. We accomplish both by limiting the list of nearby users displayed on Radium to only those seeking payment. Radium users who send gratuities to others have profiles that are always private.
Once the transaction is confirmed, both the payer and recipient are provided a record of the transaction that only includes the Radium usernames, the time, transaction ID, and location of payment.