Comparing payment methods for events

In this post we're comparing different payment methods for events like concerts, festivals, night clubs and more. We look at their benefits and drawbacks in several categories. We look at how familiar these methods are to the public, how much data you can gather from them, and other categories.

In particular, the "Cost of Implementation" category, measures the cost implications of deploying each payment system. The cost of implementing traditional tokens and cashless mobile is rated as low, but the traditional tokens require support from another method, while card payments and cash have medium costs due to the need for change and transaction management fees. The highest cost of implementation is associated with the use of wristbands.

The third category, "Security" is also especially relevant for these kinds of events. It measures the resistance to fraud and the traceability of transactions. Card payments have medium security while the other methods have low security, with the exception of cashless mobile and wristbands which have high security.

The table also mentions other benefits and drawbacks of each method, such as the availability of offline functionality, the possibility of automatic stock management and accounting, or the time it takes for funds to become available to the organization varies depending on the payment method, with cash being the quickest, and online payment systems taking the longest.

Método Efectivo Tarjetas de crédito / débito Tokens tradicionales Cashless móvil Pulseras
Familiaridad del público
Cómo de habituado está el público a utilizar este método de pago
Muy alta Muy alta Alta Alta Alta
Coste de implementación
Qué implicaciones tiene desplegar este sistema
Medio Necesidad de cambio y comisiones por gestión de efectivo Medio Contratación y alquiler de TPVs Depende del coste de implementación del método que lo respalde Bajo Alquiler de PDAs para leer códigos QR. Alto Alquiler de PDAs para cobro con pulsera y tótems y personal dedicado para facilitar la recarga en el festival.
Resistencia a fraude y trazabilidad de las transacciones
Baja Errores al cobrar y sustracción de las cajas Media Errores al cobrar, cargos duplicados Baja Errores al cobrar, pérdida de tokens afecta a la contabilidad Alto Todo queda registrado al detalle Alto Registros de recargas y cobros, pero el contenido de las transacciones no se registra automáticamente
Analíticas de stock
Datos precisos sobre los productos que más se consumen y cuando
No No No Sí Depende Solo disponible si el personal introduce los pedidos correctamente al hacer el cobro.
Contabilidad automática
Gestión de la facturación para obtener informes de ganancias y preparar las declaraciones de impuestos
No No No Sí Depende Solo disponible si el personal introduce los pedidos correctamente al hacer el cobro.
Funcionamiento offline
Grado en el que el sistema puede funcionar si no hay conectividad
Sí No Depende Solo disponible si el método de pago que lo soporta funciona sin conexión. No Sí
Gestión de remanentes
Necesidad de gestionar el saldo adquirido y no utilizado por los asistentes
No No Sí No Sí
Posibilidad de realizar preventa para adelantar fondos antes del festival
No No No Sí Sí
Disponibilidad de los fondos
Tiempo hasta que los fondos están a disposición de la organización
0-2 días El efectivo está disponibl inmediatamente pero será necesario ingresarlo para poder operar con él cómodamente. >3 días Tiempo medio que tardan las entidades bancarias en depositar los fondos de las transacciones con TPVs físicos Depende Disponibilidad sujeta al método de pago subyacente >3 días Tiempo medio que tardan los sistemas de pago online en depositar los fondos en la cuenta del proveedor. >3 días Depende del acuerdo con proveedor. Tiempo medio que tardan los sistemas de pago online en depositar los fondos en la cuenta del proveedor.
Hardware especializado
Necesidad de adquirir o alquilar hardware especializado
No Sí No No Sí

Are you looking to implement one of these payment methods in your event or venue? At FesteaPay we have multiple mobile payments solutions specifically tailored to clubs, festivals, concert promoters, food markets and many more! Do contact us and we'll make sure to help you make your go as smoothly as possible.

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