Nick and Jack

The headliner of Coachella this year isn't a musical act. It's actually a payment method. Because get this, 60% of Coachella tickets were purchased with payment plans. We should sprinkle on some context here, Jack. Payment plans are not buy now, pay later. But they are the secret way that music festivals are becoming attainable to Gen Z. Jack and I call this concept payback.

Pay now, party later, and we're seeing it even beyond Coachella. We'll explain how it works in a second, but Nick, it's not just Coachella. Lollapalooza, Electric Daisy Carnival, all the major music festivals are selling a majority of tickets using payment plans. And here is how it works. We'll break it down for you. You pay 41 bucks upfront to reserve your ticket at Coachella.

Pay now, party later, and we're seeing it even beyond Coachella. We'll explain how it works in a second, but Nick, it's not just Coachella. Lollapalooza, Electric Daisy Carnival, all the major music festivals are selling a majority of tickets using payment plans. And here is how it works. We'll break it down for you. You pay 41 bucks upfront to reserve your ticket at Coachella.

Pay now, party later, and we're seeing it even beyond Coachella. We'll explain how it works in a second, but Nick, it's not just Coachella. Lollapalooza, Electric Daisy Carnival, all the major music festivals are selling a majority of tickets using payment plans. And here is how it works. We'll break it down for you. You pay 41 bucks upfront to reserve your ticket at Coachella.

But that general emissions ticket this year is $600 for a three-day Coachella weekend. That's why every two weeks until Coachella, you're paying $100 to pay down your balance. Now, here's the key about the way this works. Coachella is taking zero risk with offering a payment plan. Because you must pay in full before they'll let you into the event.

But that general emissions ticket this year is $600 for a three-day Coachella weekend. That's why every two weeks until Coachella, you're paying $100 to pay down your balance. Now, here's the key about the way this works. Coachella is taking zero risk with offering a payment plan. Because you must pay in full before they'll let you into the event.

But that general emissions ticket this year is $600 for a three-day Coachella weekend. That's why every two weeks until Coachella, you're paying $100 to pay down your balance. Now, here's the key about the way this works. Coachella is taking zero risk with offering a payment plan. Because you must pay in full before they'll let you into the event.

In fact, if you miss a payment, Coachella sells your ticket to someone else. So they're kind of double dipping with this payment plan. If you're halfway through your payments and then you can't pay anymore, Coachella keeps your money and makes money by selling your ticket to somebody else.

In fact, if you miss a payment, Coachella sells your ticket to someone else. So they're kind of double dipping with this payment plan. If you're halfway through your payments and then you can't pay anymore, Coachella keeps your money and makes money by selling your ticket to somebody else.

In fact, if you miss a payment, Coachella sells your ticket to someone else. So they're kind of double dipping with this payment plan. If you're halfway through your payments and then you can't pay anymore, Coachella keeps your money and makes money by selling your ticket to somebody else.

But we should point out, if you don't end up paying for the rest of your ticket, you don't totally lose your money either. Because the amount you paid already is credited to a ticket next year. So add it all up, and unlike buy now, pay later, with the payment plan, you don't totally get the thing until you've paid in full for that thing.

But we should point out, if you don't end up paying for the rest of your ticket, you don't totally lose your money either. Because the amount you paid already is credited to a ticket next year. So add it all up, and unlike buy now, pay later, with the payment plan, you don't totally get the thing until you've paid in full for that thing.

But we should point out, if you don't end up paying for the rest of your ticket, you don't totally lose your money either. Because the amount you paid already is credited to a ticket next year. So add it all up, and unlike buy now, pay later, with the payment plan, you don't totally get the thing until you've paid in full for that thing.

You reserve now, but you don't buy it until you've made the final payment. In other words, a payment plan for Coachella is pay now, party later. It's yet another form of alternative payment. So Jack, what's the takeaway for all our buddies looking for new ways to pay? Payment plans are back because our economy has gone from low-low to high-high.

You reserve now, but you don't buy it until you've made the final payment. In other words, a payment plan for Coachella is pay now, party later. It's yet another form of alternative payment. So Jack, what's the takeaway for all our buddies looking for new ways to pay? Payment plans are back because our economy has gone from low-low to high-high.

You reserve now, but you don't buy it until you've made the final payment. In other words, a payment plan for Coachella is pay now, party later. It's yet another form of alternative payment. So Jack, what's the takeaway for all our buddies looking for new ways to pay? Payment plans are back because our economy has gone from low-low to high-high.

Yetis, from the year 2000 to 2020, we lived in the low, low economy. As in low interest, low inflation. Prices were low and borrowing costs were low. You could take risks, buy stuff, launch a startup, all with basically free money. And that low, low combo was perfect for the credit card industry.

Yetis, from the year 2000 to 2020, we lived in the low, low economy. As in low interest, low inflation. Prices were low and borrowing costs were low. You could take risks, buy stuff, launch a startup, all with basically free money. And that low, low combo was perfect for the credit card industry.

Yetis, from the year 2000 to 2020, we lived in the low, low economy. As in low interest, low inflation. Prices were low and borrowing costs were low. You could take risks, buy stuff, launch a startup, all with basically free money. And that low, low combo was perfect for the credit card industry.

You know, you could put your Coachella tickets on your Amex Platinum card because the tickets were cheaper and you paid very little interest. But since the pandemic, we've lived in a high, high economy. There's both high inflation and high interest rates. Coachella tickets have doubled in price from 2015. They're up 50% from 2020, and it's harder to pay back because of the high interest rates.