One of the big challenges which faces event promoters is cashflow. Advance ticket sales are an absolute necessary in order to guarantee attendance and monitor how well your event is performing, but it can tie up valuable income until after the event.
This can lead to cashflow frustrations – you have a successful event, which has sold lots of tickets and you need the cash to pay for artists, venue hire and staffing. However, most ticket agents won’t release funds until the event has taken place.
Skiddle have been working closely with Stripe and can now bring you ‘DirectPay via Stripe‘. DirectPay lets promoters link their Stripe account to their event checkout, so funds are settled directly into their own Stripe account instantly. This additional payment facility is available as an alternative option to our existing card processing facilities.
Ben Sebborn, Technical Director said:
“Skiddle are the first major ticket agent in the UK to offer a Stripe integration. We’re always looking for ways to improve the ticket sales experience for our 50,000 event promoters, and cashflow is such an important aspect of this. Stripe are the market leader in flexible payment solutions and we’re happy to be partnering with them“.
Every time a sale takes place, you will see the funds drop into your Stripe account, where you can view all the details in your dashboard. Stripe then transfer funds to your own bank account on a rolling 7-day basis, so you’ll see regular deposits before the event. You’ll have full visibility of all transactions, and only pay a small fee to Stripe (currently 1.9% + 20p for UK cards) for this additional facility*. There are no setup or monthly fees.
DirectPay via Stripe is available today from Skiddle, just follow our setup guide here. Creating an account and getting your tickets on sale can take less than 30 minutes. What are you waiting for?
Find out about DirectPay via Stripe from Skiddle.
* Skiddle’s normal booking fees apply.
Skiddle is currently the UK’s biggest What’s On guide, providing a free facility for event promoters across the UK to list their events online and sell tickets through our independent ticketing service. We currently work with over 35,000 UK and European promoters, at over 30,000 venues. We specialise in helping events through that critical growing phase by providing the marketing and technology support that you need. Start listing your events today!