Picatic Solves the Worlds Problem of Gouging Ticket Service Fees and Releases Open Beta Results, Partnerships and Official European Launch

Picatic Solves the Worlds Problem of Gouging Ticket Service Fees and Releases Open Beta Results, Partnerships and Official European Launch

LONDON, January 21, 2014 /PRNewswire/ --



A new ticketing company has come out of beta and forever changed the way organizers
are charged for events. Picatic [http://www.picatic.com ] is the only ticketing company in
the world where the cost is determined by the organizer. Their strong beta test results
have inspired the team to make a full launch, integrate Stripe [https://stripe.com ]
payments and expand to the U.K and the European Union markets.



CEO, Jayesh Parmar said, "We are the team and platform that is changing the ticketing
and event world. Our goal is to empower organizers to create successful events by giving
the power back to them". Jayesh also shared their most recent metrics, "We have 68%
compliance which means if you take 100 organizers, 68 of them are choosing to pay for our
services with an average of 3.1% net payment off their gross ticket sales."



Industry standards apply a base per ticket fee with additional variable fees. Event
organizers absorb these fees and inevitably pass them onto their attendees. The Picatic
platform has boldly gone away from base and variable fees; alternatively providing the
organizer a 'no hook no gimmick' choice to pay what they want.



Upon completion of the event, organizers may choose to pay zero dollars, market or
above market value in one payment.



Partnering with Stripe has opened up the market for Picatic. The European market was
the first expansion after beta testing, as there was a high demand from event organizers.
The team plans to continue expanding and reaching new markets this year.



"No one else is doing this in the world!" said Jayesh. "Ticketing companies gouge
customers with high fees and we have to change this and now we're bring it to Europe."



ABOUT PICATIC: Picatic is the only ticketing company in the world where the cost is
determined by the organizer.




For further information:
Press Inquiries & Interviews
Contact: Jay Parmar
Phone: +1-604-773-1085
E-mail: jay@picatic.com
http://www.picatic.co.uk
http://www.picatic.com
http://www.picatic.ca


Picatic.com


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