Shocking way in which young people paid for Coachella tickets while US goes for financial settlement
Desperate Coachella Fans had to resort to payment plans to finance them increasingly exorbitantly tickets.
More than 60 percent of this weekend’s partygoers had used an episode plan, Billboard Reports.
By paying a fee of $ 41, festival visitors were able to break the costs of the general admission price of $ 600 in separate payments.
And because the costs of travel, accommodation and food and drinks often add thousands to the ticket price, a delivery plan has become the only affordable option for the tens of thousands of young people who come togethero de California Desert every year.
Festivalgoers can secure their security for a first payment of $ 49.99 Access to the Palm Springs Extravaganzawhere this year such as Lady GagaBenson Boone and Green Day have all performed.
“Festivals now mark a cheap down payment as their most important call for action,” a source of the organizers of the festival told Billboard.
‘The messages is $ 20 down, brings you to the door, or $ 50 down takes you on your way. It is no longer about the artists, or the Lifestyle Festival – the message is: “You can pay for this if you act today.” ‘
Coachella’s information about the payment plans outlines this philosophy.
Desperate Coachella fans must resort to payment plans to finance their always exorbitant tickets
For only a first payment of $ 49.99, festival visitors can secure their access to the Palm Springs Extravaganza, where this year all Lady Gaga, Benson Boone and Green Day performed all performed
Fans are encouraging: “Explore other flexible payment options at the checkout to view the available payment schedules and pay for your order in the course of the time.”
In the past ten years, the costs of a Coachella ticket have risen by almost forty percent.
In the meantime, the number of attendees who use payment plans has risen from 18 percent in 2009 per The cutTo current levels.
Similar payment options are offered by other festivals such as Lollapalooza, Electric Daisy Carnival and Rolling Loud.
In many cases, ticket holders pay episodes for different tickets at the same time.
The offer differs from that of Klarna or Sezzle, who pay the ticket seller in advance and offer fans credit.
Instead, Ticketmaster and AXS earn money by cashing in for the costs charged for the payment plan option, which is about eight percent of the ticket price in the Coachella case.
Because the payments are interest -free, a missed payment will lead to a user being given 10 days to transfer the money before the order is canceled.
General access for Coachella started at $ 600, which made a advance payment for many
The payments are divided over several months without any extra interest
Fans then receive credit for the festival that must be used within 12 months, equal to the amount they had paid before they fail.
“Most standard values take place after the first deposit has been made at the first payment – it is very rare that a fan is in default with tickets after two payments have been made, so the income from Breuk is very low,” a festival payment expert told Billboard.
“All incentives for the promoter are that the fan pays off their ticket completely and attends the event so that they can spend money on beer and parking and merchandise.”
The iconic music festival runs annually during two weekends.
It started a rocky start this year when partygoers reported chaos in the parking garages that waited until 12 hours to enter the campsite.
Dailymail.com has contacted Coachella for comment.
