Press release
Live Nation Entertainment and PayPal Sign Multi-Year Deal To Expand Simple and Secure Payments to Fans Buying Tickets Worldwide
SAN JOSE and LOS ANGELES, Calif., April 3, 2023 /PRNewswire/ -- PayPal Holdings, Inc. (NASDAQ: PYPL) and Live Nation Entertainment, Inc. (NYSE: LYV), today
About this update from Paypal Holdings, Inc.
[{"type":"text","content":"SAN JOSE and LOS ANGELES, Calif., April 3, 2023 /PRNewswire/ -- 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.\n\n \n \n \n \n \n \n\n \nAs a part of the partnership, fans will be able to pay with PayPal, PayPal Pay Later products, and Venmo* across Ticketmaster's platform. Additionally, PayPal Braintree will become Ticketmaster's primary global payment processor, speeding up the checkout process and giving fans direct access to event add-ons like merchandise and parking for purchase.\nWith PayPal's payment solutions front and center 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:\nPayPal Checkout: Gives fans a trusted, secure way to pay, letting them choose from whatever payment methods they have on file, including credit card, debit card, PayPal balance, bank withdrawal, and more.PayPal Pay Later: Allows fans to pay for purchases evenly over the course of weeks or months in fixed amounts, helping manage their budget while still enjoying their favorite artists and teams.Venmo: Offers Ticketmaster fans in the U.S. the option to split their payments upon purchase in the social app and through Venmo checkout.\"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.\"\n\"PayPal's scale and ability to provide payments options in global markets comes from the company's experience over several decades...