TORONTO, April 3,
2023 /CNW/ -- PayPal Holdings, Inc. (NASDAQ: PYPL)
and Live Nation Entertainment, Inc. (NYSE: LYV) today announced a
multi-year strategic partnership that names PayPal as the Preferred
Payments Partner of Ticketmaster, providing fans a simple and
flexible way to buy tickets to the live entertainment they
love.
As part of the partnership, fans will be able to pay with PayPal
products across Ticketmaster's platform. Additionally, PayPal
Braintree will become Ticketmaster's primary global payment
processor, speeding up the checkout process and helping to drive
conversion.
With PayPal's payment solutions front and centre throughout
the checkout experience on Ticketmaster, fans can
confidently know they are buying tickets with a simple and trusted
payment method supported by Purchase Protection1 and advanced
fraud detection technology to help keep their payments safe.
Fans will also benefit from the option to use one-time login,
where they can choose to save their information for
future purchases. They will now have access to
multiple payment options across a total of 21 countries, including
PayPal Checkout which gives fans a trusted and secure way to
pay, letting them choose from whatever payment methods they have on
file, like credit card, debit card, PayPal balance and bank
withdrawal.
"Our goal is to seamlessly connect artists and event organizers
with fans wherever they are in the world, and PayPal helps us take
that to the next level with a truly global-reaching payments
solution," said Mark Yovich,
President, Ticketmaster. "This partnership gives fans
continuity and confidence that they have a secure, trusted and
accessible payment method wherever in the world they happen to be
attending an event."
"PayPal's scale and ability to provide payments options in
global markets comes from the company's experience over several
decades that has resulted in a strong reputation among consumers as
a trusted payment method2," said Peggy
Alford, EVP of Global Sales, PayPal. "Our data shows
that U.S. consumers are nearly three times more likely3 to
finish buying a ticket to a live entertainment event when they see
PayPal as a checkout option, demonstrating the value the PayPal
brand brings to this partnership. This expanded engagement between
PayPal and Ticketmaster will give fans the ability to checkout
quickly with flexible payment options they know and
trust."
About PayPal
PayPal has remained at the forefront of the digital payment
revolution for more than 20 years. By leveraging technology to make
financial services and commerce more convenient, affordable, and
secure, the PayPal platform is empowering hundreds of millions of
consumers and merchants in more than 200 markets to join and thrive
in the global economy. For more information, visit
www.paypal.ca.
About Live Nation Entertainment
Live Nation Entertainment, Inc. (NYSE: LYV) is the world's leading
live entertainment company comprised of global market leaders:
Ticketmaster, Live Nation Concerts, and Live Nation Media &
Sponsorship. For additional information, visit
investors.livenationentertainment.com.
1 Available on eligible purchase. Limits apply:
https://www.paypal.com/ca/for-you/shop/purchase-protection
2 Interbrand Best Global Brands 2022:
https://interbrand.com/best-brands/
3 Nielsen Study:
https://newsroom.paypal-corp.com/2020-01-14-PayPal-Increases-Conversion-Average-Order-Value-and-Net-Promoter-Score-for-Merchants
CONTACT:
Malini Mitra
Malini.Mitra@paypal.com
SOURCE PayPal Holdings, Inc.