European event organisers can now benefit from a simplified and cheaper payment process through a deal between Pretix and open banking API services provider Nordigen.
The collaboration between the Germany-based event ticketing platform and Nordigen is designed to allow Pretix users to connect to client bank accounts securely and quickly, allowing event organisers to keep track of transactions and payments.
Pretix, which provides a ticket shop application for events, festivals and concerts, said the partnership will remove many of the constraints of bank transfers, including the requirements to manually check and complete transactions.
Raphael Michel, chief executive of Pretix owner Rami.io, said: “From the very start, it has been important to us that our clients have many options to choose from when it comes to payment. Traditional bank transfers are not only still a very important payment option for larger B2B clients, they are also a cost-efficient alternative to online payment methods like credit cards.
“Up until now, however, using bank transfers involved a lot of effort for our clients, as they had to manually check their bank accounts for incoming payments. With Nordigen, we’ve finally been able to automate this process in a way that is both user-friendly as well as secure.”
Rolands Mesters, co-founder and chief executive of Latvia-headquartered Nordigen, said: “Open banking can be used successfully by any business that relies on payments or financial data, and we are excited to see diverse types of enterprises pick our solution to help facilitate payment reconciliation.
“Pretix is a flexible system that can be used by any firm or organisation holding events and we are delighted to be helping them achieve convenience through automation of their accounting procedures.”