PayPal Signs Deal With Ticketmaster

<p>PayPal Holdings has signed a multi-year deal with Ticketmaster parent company Live Nation Entertainment&period; The deal makes PayPal the Preferred Payments Partner of Ticketmaster&comma; the nation&&num;8217&semi;s leading ticket sales platform for sports and concerts&period;<&sol;p>&NewLine;<p>As a part of the partnership&comma; fans will be able to pay with PayPal&comma; PayPal Pay Later products&comma; and Venmo &lpar;in the U&period;S&period; only&rpar; across Ticketmaster&&num;8217&semi;s platform&period; Additionally&comma; PayPal Braintree will become Ticketmaster&&num;8217&semi;s primary global payment processor&comma; speeding up the checkout process and giving fans direct access to event add-ons like merchandise and parking for purchase&period;<&sol;p>&NewLine;<p>With PayPal&&num;8217&semi;s payment solutions front and center throughout the checkout experience on Ticketmaster&comma; fans can confidently know they are buying tickets with a simple and trusted payment method supported by Purchase Protection and advanced fraud detection technology to help keep their payments safe&period; Fans will also benefit from the option to use one-time login&comma; where they can choose to save their information for future purchases&period; They will now have access to multiple payment options across a total of 21 countries&comma; including&colon;<&sol;p>&NewLine;<ul >&NewLine;<li><b>PayPal Checkout&colon; <&sol;b>Gives fans a trusted&comma; secure way to pay&comma; letting them choose from whatever payment methods they have on file&comma; including credit card&comma; debit card&comma; PayPal balance&comma; bank withdrawal&comma; and more&period;<&sol;li>&NewLine;<li><b>PayPal Pay Later&colon; <&sol;b>Allows fans to pay for purchases evenly over the course of weeks or months in fixed amounts&comma; helping manage their budget while still enjoying their favorite artists and teams&period;<&sol;li>&NewLine;<li><b>Venmo&colon; <&sol;b>Offers Ticketmaster fans in the U&period;S&period; the option to split their payments upon purchase in the social app and through Venmo checkout&period;<&sol;li>&NewLine;<&sol;ul>&NewLine;<p>&&num;8220&semi;Our goal is to seamlessly connect artists and event organizers with fans wherever they are in the world&comma; and PayPal helps us take that to the next level with a truly global-reaching payments solution&comma;&&num;8221&semi; said <span class&equals;"xn-person">Mark Yovich<&sol;span>&comma; President&comma; Ticketmaster&period; &&num;8220&semi;This partnership gives fans continuity and confidence that they have a secure&comma; trusted&comma; and accessible payment method wherever in the world they happen to be attending an event&period;&&num;8221&semi;<&sol;p>&NewLine;<p>&&num;8220&semi;PayPal&&num;8217&semi;s scale and ability to provide payments options in global markets comes from the company&&num;8217&semi;s experience over several decades and has resulted in a strong reputation among consumers as a trusted payment method<sup>2<&sol;sup>&comma;&&num;8221&semi; said <span class&equals;"xn-person">Peggy Alford<&sol;span>&comma; EVP of Global Sales&comma; PayPal&period; &&num;8220&semi;Our data shows that consumers are nearly three times more likely to finish buying a ticket to a live entertainment event when they see PayPal as a checkout option&comma; demonstrating the value the PayPal brand brings to this partnership&period; This expanded engagement between PayPal and Ticketmaster will give fans the ability to check out in as little as seconds with flexible payment options they know and trust&period;&&num;8221&semi;<&sol;p>&NewLine;<p>The partnership also includes an expanded global marketing program to drive broad engagement and fan loyalty through experiences and offers&period; For major festivals like Bonnaroo&comma; BottleRock&comma; and Lollapalooza&comma; a limited number of fans using PayPal and Venmo will be rewarded with ticket discounts and Cashless credits to help them make the most of the live events they love&period;<&sol;p>&NewLine;<p>Through official partnerships with thousands of venues&comma; artists&comma; sports teams&comma; festivals&comma; performing arts centres&comma; and theatres&comma; Ticketmaster processes 500 million tickets per year across 30&plus; different countries&period;<&sol;p>&NewLine;