As an event organizer, you should know how to set up online payments for your event. After all, you’re in the ticket business. Those of us who have been around for a long time will remember a time when payment cards still aroused skepticism. And this is even more the case for banks and online payments. Today, we are unable to imagine a world without digital money and online payments. So it goes without saying that you have to accept online payments. In particular because your event whiptail also be listed online.
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The Advantages Of Accepting Online Payments
How you agree to be paid will have a big effect on the number of tickets you sell. The easier it is for people to pay, the more likely they are to complete the process. Conversely, you will lose sales if you do not have an effective system in place. Here are some of the benefits of accepting payments online.
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Save Time And Money
The days of paper invoices and postal payments are over. Online payments are simply faster and cheaper than any other traditional method.
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The Practical Side
Not only will you get paid faster, but you can receive payments any time of the day or night. If you accept payments online, you can literally make money by sleeping.
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Security
Online payments are also much more secure than traditional payments. Sensitive information will be stored securely by third parties, which reduces the risk of failure.
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Information And Reports
Finally, you will have a much better overview of who buys what and when. All transactions are done in one place, so accounting and management are also made easier. There are several ways to set up online payments for your event. All these lead to the little plastic magic card that everyone takes everywhere in their wallets. It will take a little work to put everything together by you, but it is not an impossible task. If you want a simple life, then some payment service providers will take care of all the hard work for you.
The DIY method will ask you to set up a merchant account and a payment portal. A merchant account is an online bank account that allows you to accept card payments. The money is temporarily stored here before being sent to your company account. You can open a merchant account with your current bank, but you can also choose a different one. A payment portal is basically a virtual card reader. It connects your customer’s card information to a high risk merchant payment processor (such as Visa or MasterCard) and confirms the transaction.
Use A Payment Service Provider
A payment service provider will save you time by acting as an intermediary between you and your bank. They operate as a couple walking account and payment portal. You also won’t need to worry about the PCI standard if you’re using a ipaytotal payment service provider. All sensitive payment information will be handled by them and not by you.
Use A Ticketing Platform
Some ticketing platforms, such as Billet to, will have directly integrated payment portals. It is by far the best solution. You will not only have a merchant account and a payment portal. You will also have a ticketing system directly designed with events in mind. A virtual terminal does exactly what its name says. It’s an app that does the same thing as a physical card payment terminal. You can access it from any device (laptop, phone, tablet, etc.) with Internet access. This is especially handy if you have to accept payments at the event itself.