With the word ‘free’ constantly being thrown around, we understand that ‘free’ can sound suspicious or gimmicky. To be transparent, we’ve put together the following statement to explain how we arrived at the term ‘free’ and managed to be the only ticket and registration platform in the market charging event managers $0 for their paid ticketed events.
Floktu wasn’t always free, and it took us several years to get here. Over the years, we have been lucky enough to build close and strong relationships with a talented, loyal and growing user base that has allowed us to eventually remove any unnecessary ticket or service fees and still cover our overhead costs. These costs are covered by 2 streams of revenue that help us continue to grow (and keep the lights on at Floktu HQ in Sydney, Australia).
The Revenue Streams that allow us to give you free events:
1. Floktu Swift – Floktu Swift is free and will always be free. As our Swift client base scales, we are in fact able to reduce our internal processing costs and then use what remains of the fixed 3% service fee as additional revenue for growth and product development. We allow you to pass on the 3% service and processing fee so the cost of using Floktu Swift is 100% free.
Note: Where the 3% service and processing fee is less than $0.44c, a Service Fee Adjustment will be applied to the order to bring the total fees to $0.44c. The Service Fee Adjustment is always passed on so the cost of using Floktu Swift will remain 100% free.
2. Floktu Custom – Floktu Custom is used by some of our larger corporate and event partners (Rugby Australia, NSW Government, and more) who require custom solutions for their ticketing needs. Contact us via email to email@example.com to find out more..
We are able to offer fee free events by allowing event managers to pass on the 3% service fee to their customers/attendees. This service fee is ubiquitous across event registration platforms and payment gateways in general. By eliminating ticket and handling fees we are able to offer the only free solution in the online ticket and registration market today.