Cts Eventim adds Tink’s Pay by Bank service at checkout

By Gloria Methri

Cts Eventim, the provider of ticketing services and live entertainment in Europe, is offering its customers a simple and user-friendly payment option. Collaborating with Tink, a payment services and data enrichment platform, Cts Eventim has now added Pay by Bank to its checkout process.

Pay by Bank shortens the payment journey and improves the user experience. Cts Eventim systems and platforms sell more than 300 million tickets per year worldwide – through physical box offices, online portals, and mobile apps.

Harnessing Tink’s expansive pan-European network, Pay by Bank is now a checkout option for Cts Eventim customers across Austria, Germany, the Netherlands, Poland and the United Kingdom.

Pay by Bank is an open banking online payment method that lets users authenticate and initiate payments directly from their bank account into a seller’s account in just a few clicks. With minimal data entry and fewer redirects, this account-to-account payment offering provides a secure and streamlined experience – allowing merchants to differentiate themselves from the competition.

Sören Kuthning, Head of E-Commerce Finance Operations, CTS EVENTIM, said, “We have integrated Pay by Bank from Tink to offer our customers a seamless, secure, and instant way to pay directly from their bank accounts. This enhances the checkout experience by reducing payment failures and processing times. The additional option not only improves customer satisfaction but also supports us in delivering an efficient and reliable service.”

Thomas Gmelch, DACH Payments Director at Tink, added, “Today’s consumers demand simplicity and speed in their payment processes, particularly when purchasing tickets for sought-after events. Pay by Bank delivers precisely that, offering one of the smoothest online payment experiences. Partnering with Eventim allows us to show the true value of Pay by Bank. With this payment method, the only prerequisite is a bank account, opening the possibility of serving millions of new and frequent Eventim customers. Being part of Visa ensures we can provide trusted and secure payment solutions across all Eventim’s primary markets, leveraging over 60 years of experience in shaping the future of commerce.”