Most Coachella Attendees Buy Tickets with Buy Now, Pay Later

The Koachala, the Music Festival, which was two weekends this month, pulled a crowd of more than 125,000 participants every day.

Published by a report Billboard Last week it shows that most of the crowds, about 60 %, used the coachla payment project system to pay their $ 600 and up tickets. Under the project, participants have been allowed to access the coach, which costs a lower cost of $ 49.99.

From April 10 to 12 and 600, tickets began from April 17 to 19 to 19, from April 10 to 19, from April 10 to 19. People It is reported that in 2020 costs $ 429 each weekend. When Kochila started in 1999, the tickets were $ 50.

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The festival first offered a pay letter option in 2009, and at this time, only 18 % of the participants tapped it, per People.

Cocaela offered to buy in partnership with the ticketing company Axis, later paid a payment project, which enables the festival to pay its ticket in three months. The coachla does not receive interest for ticket purchases, but it requires that people who choose the payment project pay $ 41 fees to use the service, which is about 8 % of the ticket cost. In comparison, the average credit card interest rate is about 20 %.

Following the announcement of the festival’s musician in November, most fans bought tickets for the coach, which revealed that Lady Gaga, Travis Scott, Green Day, Post Melron, and Banson Bone Headliner. The person who bought the ticket before January 25 and selected the payment project was divided into three equal payments, the final payment was deducted from the participants’ account in March. Billboard.

If the payment had been more than 10 days, the order was automatically canceled and the fans gave credit for future festivals. The credit expires a year after being issued.

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The coachla sells more than 115 million tickets every year in sales. Artists who perform at the fair can earn up to 5 million millions every weekend.