Tab works with hotels, hostels and tourist activity businesses all over Panama.
Tourism businesses are different. Guests come from all over the world – and they book and pay in many different ways.
That's why we built a platform that handles 100+ currencies for both guests and businesses. We support the fullest range of booking types and payment methods, to meet the unique requirements of tourism businesses.
Tab is designed for tourist businesses that have foreign customers (our platform is built to handle multiple currencies easily). Of course, your local customers can also use Tab!
We work with hotels, hostels, restaurants, dive shops, trekking companies…and many other businesses offering tourist services. If you'd like to know whether Tab can work with your business, just ask us.
We send a payout for your available balance every week on a Wednesday. The vast majority of payouts arrive in your account within 1-2 days, but can take a few days longer due to bank holidays.
We cover the cost of sending payouts to your account, which means we need may need to apply a minimum payout. If your balance is below this, we'll hold it until the following week.
Your bank may charge you a small fee to receive a USD payment from abroad, but this is extremely rare for payments in your local currency. You can request less frequent payouts, if you prefer.
We always use pure exchange rates, with no hidden commission – so our rates are unbeatable. We handle 100+ currencies, so almost every customer can pay in their own currency.
Most customers will therefore not be charged a foreign transaction fee or currency exchange fee by their bank or card issuer.
We update our currency rates every day. We use the mid-point between the buy and the sell rates, from major sources like Yahoo Finance, xe.com and Oanda.
Yes, that’s fine – just select USD pricing when you sign up. You can still choose to receive payouts in local currency or USD.
If we convert your payouts from USD to local currency, we use pure exchange rates with no commission or fees.
When you complete our sign-up form, we ask for a few details about your business, so we can understand if Tab is a good fit for you. We then need to verify your identity and your bank account details for payouts.
If you have questions, you can also book a welcome phone call with our merchant team.
Lastly, we set your account limits. You start with a per-customer and per-day limit on your Tab account. But these can be increased once you have used Tab regularly for 3 months.
We then activate your account, and you can start using Tab immediately. The whole process usually takes 2-3 days from start to finish.
Tab works with tourist businesses located in the countries below. We can offer payouts in local currency or any major currency – to banks in almost any country.
No new hardware needed. There's no long contract or commitment, so you can cancel anytime.
Our team will guide you through every step of the process, and we're always here to help.
Sensitive data is stored using AES-256 encryption and always sent over secure SSL connections.
Apply for a Tab account in 10 minutes, or get in touch and we'll guide you through the process.