Ticketmaster is one of the largest ticket sales and distribution companies in the world. They sell tickets for a wide variety of events including concerts, sports, theater, and more. Many customers purchase tickets from Ticketmaster and need flexible payment options to pay for their tickets over time rather than all at once. Ticketmaster provides customers with a few different installment payment plans to choose from. The installment options can make tickets more affordable by spreading out payments over multiple months leading up to the event.
Ticketmaster’s Installment Payment Plans
Ticketmaster currently offers two types of installment payment plans – Monthly Payments powered by Affirm and Verified Fan Monthly Payments.
Monthly Payments Powered By Affirm
This payment plan allows customers to split the total ticket cost into 3 or 6 monthly payments over 3 or 6 months. Customers pay a down payment first when they checkout and then the remaining balance is split up evenly into the monthly payments. The down payment amount varies based on the total ticket value.
This installment plan has the following key details:
- Down payment required at checkout
- Remaining balance split into 3 or 6 payments
- Affirm runs soft credit check to determine eligibility
- 0% APR but Affirm may charge late fees
- Tickets can be transferred after event if loan paid off
Affirm is an external financial services company that partners with Ticketmaster to provide the financing and服务 for these monthly installment plans. Customers will need to create an Affirm account during checkout to use this payment option.
Verified Fan Monthly Payments
The Verified Fan Monthly Payment plan allows customers to split ticket purchases into 4 interest-free monthly payments over 4 months. There is no down payment and the total order amount is simply divided into 4 equal installments.
Here are the key details on the Verified Fan plan:
- No down payment required
- Total balance split into 4 equal payments
- 0% interest and no fees
- Only available to Verified Fans
- Tickets non-transferrable until balance paid in full
This installment plan is serviced directly by Ticketmaster rather than a third-party lender. Customers must have a Ticketmaster account and be selected as a Verified Fan for the specific event to qualify for this payment option.
Qualifying for Ticketmaster’s Installment Plans
Ticketmaster uses different criteria to determine if customers are eligible for the two installment payment plans.
Requirements for Monthly Payments Powered By Affirm
To qualify for the Affirm monthly payment option, customers must:
- Be 18 years or older
- Have a bank account
- Pass a soft credit check performed by Affirm
- Only available in USA currently
Affirm will do a soft credit check when you choose the monthly payment option which is visible only to you and won’t affect your credit score. This allows them to confirm your identity and assess your creditworthiness. As long as you pass the soft credit check, you should be approved.
Requirements for Verified Fan Monthly Payments
To use the Verified Fan monthly payment plan, customers must:
- Have a Ticketmaster account
- Be selected as a Verified Fan for the event
- Have a valid credit card or debit card
- Only available in USA currently
You can’t choose the Verified Fan payment plan unless you’ve received a Verified Fan code for the specific event. These codes are only sent to select fans that preregistered with Ticketmaster. It provides priority access to buy tickets.
How to Select an Installment Plan on Ticketmaster
If you meet the qualifications, selecting a Ticketmaster installment plan is straightforward when you purchase tickets online:
- Find and select the tickets you want to purchase
- Proceed through checkout to the payment section
- Select either “Monthly Payments Powered By Affirm” or “Verified Fan Monthly Payments”
- Follow prompts to set up the payment plan
- Input your payment details to pay the down payment or first installment
The installment plan options will be clearly listed alongside other payment methods like credit card during checkout. Make sure to carefully review the details before selecting your preferred installment plan.
Using Installment Plans for Resale Tickets
If you purchase resale tickets from Ticketmaster’s ticket exchange, you can also use the installment plans under certain conditions:
Monthly Payments Powered By Affirm
This installment plan can be used to purchase Ticketmaster resale tickets as long as:
- Tickets are over $50
- Section and row are visible in listing
- Seller has instant delivery method
Since Affirm will run a credit check, resale tickets must meet the above criteria to qualify for monthly payments.
Verified Fan Monthly Payments
Unfortunately, the Verified Fan monthly payment plan cannot be used to purchase resale tickets. It is only available for newly sold primary market tickets.
Pros and Cons of Ticketmaster Installment Plans
Ticketmaster’s installment payment options offer benefits but also some drawbacks to consider:
Pros
- Spread total ticket cost over multiple smaller payments
- Avoid large upfront charge all at once
- No interest charges with Verified Fan plan
- Get tickets sooner by paying over time
Cons
- Down payment still required upfront
- Late fees possible if miss payment due date
- Monthly payment dates cannot be changed
- Tickets not transferable until balance paid off
While the plans allow more flexible payments, customers take on some risk paying over time if plans aren’t managed properly. Late or missed payments can result in fees and limit ticket use.
Tips for Managing Ticketmaster Installment Plans
Follow these tips to successfully manage Ticketmaster installment payments:
- Understand payment dates – Note when down payment and monthly installments will be charged
- Setup autopay – Setup autopay through Affirm or your bank to avoid missed payments
- Monitor your account – Track payment statuses and ensure there are no issues
- Contact support – If there are errors or you need help, contact Ticketmaster or Affirm support
- Pay early – You can pay off balance early if desired after down payment
Staying on top of the payment schedules and using autopay can prevent headaches down the line. Always reach out for help if anything seems amiss.
Bottom Line
Ticketmaster provides two installment payment options – Monthly Payments by Affirm and Verified Fan Monthly Payments. Customers can spread ticket purchases over 3-6 months with Affirm or 4 months for Verified Fans. Installment plans allow more flexibility in paying for tickets but require careful tracking. As long as you are organized, they can be a great way to budget for large ticket purchases over time.