TicketNetwork Partners with Affirm, Adding Time-Based Payment Flexibility to Market Leader in Resale Tickets
With the return of live events and ticket prices rising, TicketNetwork and Affirm provide consumers with a simple and seamless solution to paying over time.
– Don Vaccaro, CEO of TicketNetwork
SOUTH WINDSOR, CONNECTICUT, USA, September 29, 2021 /EINPresswire.com/ – With the return of live entertainment in full swing, TicketNetwork today announced a new partnership with Affirm allowing consumers to purchase tickets to live events now while paying for them over time. This partnership is available on TicketNetwork.com, MEGASeats.com and other selected ticket resale marketplaces powered by the TicketNetwork exchange. This integration gives consumers a simple and seamless way to pay at their own pace while scoring some of the best seats in the home.
“As government restrictions on attending live events have been removed, demand for tickets for live and in-person events has reached an all-time high,” said Don Vaccaro, CEO of TicketNetwork. “Adding the ability to pay over time at a reasonable rate brings tremendous value to our customers, who can select Affirm at checkout to mark those coveted tickets in a way that suits any budget. “
There is no cost to apply to use Affirm when purchasing tickets on the TicketNetwork exchange, and the prequalification process involves entering some simple information that does not impact credit scores. . Approved customers can pay over time in monthly installments, allowing them to make the best choice for their budget. Affirm never charges late or hidden fees, so the amount a consumer agrees to pay never increases.
“The return of the in-person events has generated significant excitement and demand among consumers, which we expect to continue. According to a recent Affirm poll, the best gift Americans plan to give to loved ones this holiday season is a memorable experience, such as tickets to a concert or sporting event, ”said Silvija Martincevic, Commercial Director of ‘Affirm. “By partnering with TicketNetwork, Affirm provides the flexibility, transparency and accessibility that consumers increasingly expect at checkout. ”
With demand so high, the cost of tickets has continued to climb in 2021 as tickets for live events have gone on sale, making a pay-per-view solution even more attractive. Sports teams and promoters continue to raise prices at the box office, which has combined with huge pent-up demand to send the prices of hot events into the stratosphere. Compared to the same month in 2019, the average order on the TicketNetwork exchange increased 25% in April, reaching 42% in May and peaking at 48% in June as shows continued to go on sale for 2021 and in 2022.
For the best-selling artist to date in 2021 – Elton John – this resulted in an average ordering cost of over $ 800 for tickets for his Farewell Yellow Brick Road tour. Bad Bunny’s 2022 tour saw an even higher average, with consumers paying over $ 1,100 per order. The sport was no different, with the reduced-capacity Super Bowl LV featuring the Tampa Bay home team averaging a record $ 16,000 per order.
While about half of all tickets sell for at or below face value in resale markets, asking prices for true destination events show no signs of easing, making a solution like Affirm to pay over time a great addition for the TicketNetwork customer.
Download the Affirm app or visit Affirm.com to learn more about their on-the-fly payment and other solutions, and visit TicketNetwork.com to find tickets to live sports, theater, concerts and more still today.
Ticket network® is a leading provider of software in the aftermarket ticket market, powering an extensive network of retail websites with tickets to sought-after concerts, sporting and theatrical events around the world. Based in South Windsor, Connecticut, TicketNetwork was founded in 2002.
Affirm’s mission is to provide honest financial products that improve lives. By creating a new kind of payment network, based on trust, transparency and putting people first, we empower millions of consumers to spend and save responsibly, and empower thousands of businesses. tools needed to stimulate growth. Unlike credit cards and other payment options over time, we show consumers exactly what they will pay up front, never increase that amount, and never charge late fees or hidden fees.
Rates of 10-30% APR. Payment options through Affirm are subject to eligibility verification, may not be available in all states, and are provided by the following lending partners: affirm.com/lender. California Residents: Loans made by Affirm Loan Services, LLC are made or arranged under license under the California Financial Lenders Act.