Ticketmaster, the largest primary ticket outlet in the United States, offers various options for spreading out payments when purchasing tickets to events. This can make buying tickets more affordable, especially for high-demand, high-cost events. Payment plans allow customers to divide the total ticket cost into multiple installments charged at regular intervals leading up to the event.
Does Ticketmaster Offer Payment Plans?
Yes, Ticketmaster does offer payment plans for certain events and ticket purchases on their website and mobile app. The availability of payment plans varies based on the event promoter and ticket details. Customers can check if a payment plan is available during the checkout process.
How Ticketmaster Payment Plans Work
If payment plans are available for an event, customers will see the option to split costs into multiple payments during checkout on Ticketmaster. The number of payments and timing of the installments depends on the event.
For example, Ticketmaster may offer a 6-month payment plan for a high-demand, expensive concert happening later in the year. The total ticket cost would be divided evenly across 6 monthly payments charged to the customer’s payment method on file.
Payment plans may require an initial deposit or downpayment at checkout. Remaining balances are then spread out in fixed monthly payments leading up to the event date. An administration fee may also apply.
Benefits of Ticketmaster Payment Plans
There are a few key benefits of using Ticketmaster’s payment plan options:
- More affordable payments – Dividing costs into installments makes expensive tickets more budget-friendly.
- Lock in tickets early – Payment plans allow customers to secure tickets early before an event sells out.
- Easy online management – Customers can manage payment plan details through their Ticketmaster account online or via the app.
- No interest – Ticketmaster payment plans do not charge interest on the ticket purchase.
What Events Offer Payment Plans?
Ticketmaster does not offer payment plans for all events on their platform. Availability varies based on the event promoter, venue, ticket demand, and other factors. Typically, major concerts, festivals, and sporting events with high ticket costs are more likely to have payment plan options.
Concert events, especially arena tours and music festivals with expensive tickets, very frequently offer Ticketmaster payment plans. Customers can reserve tickets early and pay over a period of months leading up to popular tours.
Some examples of concerts with Ticketmaster payment plans include Taylor Swift’s Eras Tour, Beyoncé’s Renaissance Tour, and major music festivals like Coachella, Lollapalooza, and Electric Daisy Carnival (EDC).
Tickets for major professional and college sporting events may also have payment plans on Ticketmaster. Season tickets, playoff games, and big rivalry matchups often allow split payments.
Common examples are season tickets for NFL teams, NBA playoff packages, and big college football games like Alabama vs. Auburn or Michigan vs. Ohio State.
Broadway and West End theater productions will sometimes offer Ticketmaster payment plans for show tickets in New York City and London. Select touring theater productions may also allow payment installments.
While major concerts, championship games, and hot theater tickets often provide payment plans, there are exceptions. Smaller venues, artists, local events, and independent promoters may not offer payment installments through Ticketmaster.
There is no guarantee of payment plans for any event – customers need to check for availability during the Ticketmaster checkout process.
Are There Eligibility Requirements?
Ticketmaster does have some eligibility requirements customers must meet to use payment plans:
- Ticketmaster Account – Customers need an active Ticketmaster account to set up and manage a payment plan.
- Valid payment method – A credit card, debit card, or other accepted payment method must be stored in the Ticketmaster account.
- Good standing – Customers must be in good standing with no past-due balances to qualify.
- Sufficient account activity – Those with minimal Ticketmaster purchase history may not qualify for payment plans.
As long as these criteria are met, the customer should be able to utilize payment plan options when available.
How Do I Sign Up for a Payment Plan?
Using a Ticketmaster payment plan is straightforward for eligible customers. Simply follow these steps when purchasing tickets:
- Find the desired event page and select tickets to add to your cart.
- Proceed through checkout until the payment section – this is where payment plans will be presented if available.
- Select the “Pay over time with payments” option.
- Review the payment schedule with dates and amounts for each installment.
The initial payment will be charged immediately, and remaining payments according to the set schedule leading up to the event. Customers can log in to their Ticketmaster account to review payment details.
Can I Pay Off My Balance Early?
Yes, Ticketmaster allows customers to pay off payment plan balances early if desired. There are no early payment penalties or fees.
To pay off a plan early, log in to your Ticketmaster account online or in the app. Go to your purchase history and select the payment plan order. There will be an option to “Pay Now” for the remaining balance which you can select and submit payment.
Benefits of Early Payoff
There are a couple potential benefits to early payoff of a Ticketmaster payment plan:
- Saves on total interest – Paying no interest is a major perk of Ticketmaster payment plans. But paying upfront can minimize interest costs even further.
- Locks in tickets – Fully-paid tickets cannot be cancelled or repossessed for non-payment down the road.
As long as there are no fees involved, early payoff just offers customers more flexibility.
What Happens If I Miss a Payment?
Making payments on time is important with a Ticketmaster plan. If a scheduled payment fails for any reason, here is what will happen:
- Late fee – A late payment fee may be charged to your Ticketmaster account.
- Cancelled tickets – Any unpaid tickets will be released back to general inventory for others to purchase.
- Collections – After multiple missed payments, accounts may be sent to collections agencies.
To avoid issues, be sure payment details are up to date in your Ticketmaster account. You can update your stored payment method at any time.
If you anticipate missing a payment, it’s recommended to pay off the remaining balance early or contact Ticketmaster customer service for assistance.
Can I Cancel a Payment Plan?
Customers can choose to cancel a Ticketmaster payment plan, with a few caveats:
- Cancellation fees may apply. These vary based on timing and remaining balance.
- Any purchased tickets will be forfeited and released back to general sale.
- Cancellation must be done more than 7 days before the next scheduled payment.
To cancel a payment plan, contact Ticketmaster customer service. They will walk through cancellation policies, fees, and refund details specific to your order.
Instead of outright cancellation, another option is to simply pay off the remaining balance early while keeping the tickets.
Pros and Cons
Below is a summary of some key pros and cons to consider about Ticketmaster payment plans:
- More affordable option for expensive tickets
- Locks in tickets early before selling out
- Convenient online account management
- No interest or financing charges
- Flexible payoff options
- Not available for all events
- Can lose tickets if payments are missed
- Cancellation fees may apply
- Requires upfront deposit in most cases
Ticketmaster payment plans allow customers to divide ticket costs into more manageable installments. This makes sought-after concerts, sports, and theater more affordable to fans. Plans are available for select high-demand events only. Customers can easily enroll online and manage payments through their Ticketmaster account.
As long as you carefully review the terms and make payments on time, Ticketmaster payment plans can be a beneficial way to lock in tickets to your favorite events. Just be sure to only buy what you can reasonably afford with the required installment schedule.