The Streets Blog

In the ever-evolving world of event management and sales, clarity and simplicity in pricing are crucial. That’s why we at Streets are thrilled to announce our latest feature: Inclusive Pricing. This innovative addition to our platform allows event curators and vendors the flexibility to absorb processing fees, thereby offering their customers a seamless and transparent purchasing experience.

What is Inclusive Pricing?

Inclusive Pricing is a feature designed to empower our vendors and event curators on the Streets platform to take control of the fees typically passed on to customers. By opting to absorb these processing fees, vendors can present a clear, upfront cost without any surprises at checkout. This not only simplifies the buying process but also helps build trust and loyalty among attendees and shoppers, contributing to higher satisfaction and repeat business.

Benefits of Inclusive Pricing

Enhanced Transparency

With Inclusive Pricing, the price customers see is the price they pay. This transparency is vital in today’s market, where hidden fees can deter potential buyers and negatively impact the overall experience. By ensuring customers are not greeted with unexpected costs at checkout, vendors can improve sales conversions and foster a stronger relationship with their audience.

Greater Pricing Control

Event curators and vendors often work within tight margins and need to carefully manage how fees affect their pricing strategy. Inclusive Pricing gives them the ability to manage their costs more effectively by incorporating processing fees into their listed prices. This approach not only simplifies the financial management of events and sales but also provides more predictable profit calculations.

Competitive Edge

In a competitive market, the ability to offer clear, all-inclusive pricing can be a significant advantage. It sets vendors apart and positions them as consumer-friendly options in a sea of competitors that might still be passing on additional charges to customers.

Implementing Inclusive Pricing on Streets

Implementing Inclusive Pricing is straightforward. Vendors and event curators can toggle this feature on or off in a specific event’s settings by navigating to Settings > My Events. Once activated, all listed prices will automatically include any processing fees, ensuring that the displayed price is comprehensive.

Case Studies

Several of our early adopters have already seen remarkable improvements in customer feedback and sales metrics. For instance, a well-known music festival organizer reported a 20% increase in early ticket sales after switching to Inclusive Pricing, attributed directly to clearer pricing. Similarly, a craft goods vendor noted a decrease in cart abandonment rates, underscoring the appeal of a no-surprises pricing model.

Looking Forward

At Streets, we are committed to continuous innovation and enhancement of our platform to support the success of our community. Inclusive Pricing is just one of the many features we have introduced based on feedback from our users. We believe that by providing tools that enhance transparency and control, we can help create better experiences for both vendors and customers alike.

Stay tuned for more updates as we continue to roll out new features and improvements designed to make event management and vending as smooth and successful as possible. Thank you for choosing Streets as your trusted partner in event management and vending solutions!