Every year, the event ticket industry makes billions of dollars. It seems there’s always a concert, performance, or sporting event that consumers are aching to attend. Entrepreneurs who want to get into this business, often experience a great deal of initial success. However, long term success is difficult to maintain without access to a payment processor that enables credit and...
U.S. banks are preparing for Apple Pay. After experimenting with mobile banking for years, many banks feel secure enough in the technology to let their customers use Apple’s new way to pay for merchandise. The new mobile platform allows for consumers to perform transactions with the new iPhone 6, iPhone 6s, and iWatch. This has sparked a fierce debate on...
There is a major problem with All Tomorrow’s Parties, a major music festival in the UK. Its ticketing broker, Dash Tickets, accused the festival of withholding money needed to refund ticket-holders, while its publicist, Zeitgeist Agency, recently began litigation for payments past due. All the while, many bands and fans are stuck in London for the weekend, organizing last-minute replacement...
Garnering sales in the event ticket area can be quick and easy. There are always shows, concerts, and sporting events that need ticket sales, and it can be easy to get into the industry. However, while it can be easy to get into the industry, it can be hard to find a merchant account processor to take payments. A merchant...
Why is it important for ticket brokers to have a merchant account? Ticket brokers need secure credit card processing that is fast and reliable because these businesses operate in the real-time. In addition, though their services may differ, ticket brokers have one major thing in common – high risk merchant account. Business Model What determines this risk? The answer is...
