Tabbed offers a frictionless payment solution that automatically opens a pre-authorized tab on a restaurant's POS system when a customer walks in, allowing for real-time payment processing as orders are placed. This system eliminates the need for physical payment methods, reducing staff workload and enhancing the dining experience by allowing customers to leave at their convenience without waiting for a check.
Funding
$2.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional restaurant payment processes can be slow and cumbersome, requiring customers to wait for a bill, present payment, and receive change, which detracts from the dining experience. Restaurants also face challenges with walk-outs and managing payment transactions efficiently, especially during peak hours.
Solution
Tabbed provides a frictionless payment solution for restaurants and their customers by automatically opening a pre-authorized tab on the restaurant's existing POS system when a customer enters the establishment. As orders are placed, the system processes payments in real-time, allowing customers to monitor their bill via a mobile app. Upon completion of the meal, customers can simply leave, with the tab automatically closing and gratuity added, streamlining the payment process for both diners and restaurant staff. This eliminates the need for physical payment methods, reduces wait times, and enhances the overall dining experience.
Target Audience
Tabbed primarily targets restaurants looking to improve operational efficiency and enhance customer experience, as well as diners seeking a convenient and seamless payment process.
Features
- Automatic tab opening on the restaurant's POS system upon customer arrival.
- Real-time payment processing as orders are entered into the POS.
- Customer mobile app for monitoring the bill and payment details.
- Automatic tab closure and gratuity addition when the customer leaves.
- Integration with existing restaurant POS systems.
- Walk-out protection through pre-authorization.
- Enhanced tip revenue for restaurant staff.
- Reduced staff workload related to payment processing.