The Benefits of Open Banking for Online Ticket Sales and Events

Three seconds. That’s all it takes for a ticket buyer to abandon checkout. One glitch, one lag, one failed card – and the sale is gone. Now multiply that across thousands of customers.

That chaos costs ticketing platforms thousands. Open banking eliminates the bottleneck. It connects directly to banks, sending funds instantly with fewer moving parts.

Here’s how open banking is replacing outdated checkout flows, and how Noda is powering a smarter, faster way to handle high-volume ticket sales.

How does open banking work for ticketing platforms?

Open banking provides ticketing platforms with a direct line to the customer’s bank. Payments are initiated from the buyer’s account using their preferred banking app. Once approved, the funds are moved and confirmed instantly.

This removes the need for card networks, minimises payment failures, and reduces operational overhead. Transactions are processed through licensed APIs under PSD2, so compliance and security are built in.

For platforms managing high traffic, open banking offers a more stable and scalable infrastructure. Fewer moving parts, faster processing, and lower costs at every transaction.

Open banking benefits in the ticketing industry

Now for the practical bit. The ticketing industry runs on tight margins and tighter timelines, open banking delivers where it matters most.

Here’s why ticketing platforms should use open banking:

Lower transaction fees

Card fees have become the accepted cost of doing business – but they don’t need to be. With open banking, there’s a better alternative. One that avoids gateways, card networks, and the hidden costs that come with them.

With Noda, payments move directly between bank accounts. There are no card networks involved, and no third-party markups. Fees are typically between 0.1% and 1%, making it easier to forecast costs and protect your bottom line with every sale.

Faster settlement

In ticketing platforms, timing matters. A long wait between payment and confirmation can cause operational bottlenecks. Open banking enables instant or near-instant settlement, so payments land fast and the process keeps moving.

With Noda, payment confirmation is immediate. Once the user authorises through their banking app, the funds are settled without batching delays or reconciliation issues. That means smoother fulfilment, faster reporting, and better cash flow, especially during busy sales windows or same-day events.

No chargebacks

You’ve processed the sale, confirmed the seat, and sent the e-ticket. Then you get hit with a chargeback. In a card-based world, that’s just part of it. With open banking, it’s not. The customer confirms the payment directly, and once it’s through, it stays through.

Noda takes this further with secure, traceable payments and full visibility into every transaction. It’s all bank-authenticated, all logged in real time. You get certainty, and your team gets fewer surprises.

Higher conversion rates

Say you’re launching a major event and thousands rush to buy tickets. The last thing you need? Drop-offs at checkout. With open banking, payments are approved directly in the user’s banking app – no card details, no tabs, no slowdowns.

Noda lets you build this into your flow with Instant Payment Links, embedded checkouts, even QR options. It’s fast, secure, and conversion-ready from the first click to the final tap.

How ticketing platforms are using open banking today

Think beyond the checkout. Open banking isn’t just a payment upgrade, it changes how people move, buy, and experience events from start to finish.

Mobile ticketing and entry

Open banking enables instant payment confirmation, making it easy to issue digital tickets in real time. Whether it’s for a concert, museum, or workshop, users can pay through their banking app and receive their ticket on their phone – no card details or email delays. Entry becomes faster, with less reliance on paper or manual checks.

Personalised offers

You can use anonymised spend data to understand what users are actually buying. That means offers that are relevant – like a merch bundle after a ticket purchase, or a drinks discount an hour before the gates open.

Real-time fraud prevention

Open banking adds a layer of security from the start. Payments are authorised directly through the buyer’s bank, cutting down on fraud and chargebacks, without adding friction at checkout. It’s built-in protection that helps ticketing platforms stay one step ahead.

Adoption rate of open banking for ticketing platforms

Ticketing platforms are only beginning to adopt open banking – but what’s already in place is secure and proven. With 11.7 million active users and 22.1 million monthly payments in the UK, the rails are fast, regulated, and backed by strong customer authentication. As mobile ticketing, cashless venues, and instant payouts become the norm, open banking is well positioned to power the next generation of ticketing systems.

Integrating open banking into your ticketing system

Adding open banking doesn’t need to be a big lift. Whether it’s a stadium event or a small gig, it fits right into your existing payment flow.

Most open banking providers offer flexible options, such as:

• API integrations for full control and custom setups
• Hosted checkout pages and drop-in widgets for faster deployment
• No-code Payment Page and Instant Payment Links for teams without dedicated developers

No need to rip out what’s working. Open banking can run alongside card payments and wallets, giving users more ways to pay without changing your setup.

Choosing the right open banking provider

Let’s say your tickets for a stadium show just went live. Traffic surges, your platform holds up – and so does your payment system. Buyers pay through their banking app, money moves instantly, and confirmations hit your dashboard in real time.

Behind it all, your open banking provider is doing the heavy lifting: connecting to banks, authorising payments, clearing funds. It’s fast, secure, and fully visible from start to finish, so your team stays in control, no matter the volume.

That’s what Noda is built for:

• It supports instant pay-ins and payouts
• Connects to over 2,000 banks across 28 countries (including the UK, Europe, Brazil, and Canada)
• Gives your devs flexible tools to build, launch, and scale
• And stays with you post-launch, monitoring performance and offering support when it counts

Because when your platform is moving fast, your payments infrastructure should keep up. See how Noda works and get set up in minutes.