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CashorTrade is a fan-to-fan face-value ticket-reselling market created in 2009 by brothers Brando and Dusty Rich based in Burlington, Vermont. [1] As of November 2017 [update] , the platform had users from 20 countries and had processed over half a million transactions. [ 2 ]
Vivid Seats is a middleman between ticket buyers and sellers, taking a 10% commission once tickets have sold [16] and additionally charging buyers service fees (circa 20–40% [17]) and shipping charges.
[citation needed] In 2012, The Yankees sued StubHub for its storefront near Yankee Stadium, arguing that it violated New York law prohibiting ticket resale within 1,500 feet of a venue. StubHub argued that the location was not a ticket sales office but a printing station for tickets purchased online. The lawsuit was settled in 2013.
Viagogo was founded in 2006 in London as a secondary ticketing marketplace by Eric Baker, the co-founder of US-based StubHub. [5] [12] With sections established to provide an online marketplace for sports, music, theatre and comedy tickets, the company's launch included official partnerships with Chelsea FC and Manchester United FC, [5] with the sports clubs sharing in the commission revenue ...
In recent years, fraudsters have started to use more complex methods by which they obtain tickets for resale on the secondary market. Similar to the technology used to snatch up rare shoes and sneakers, [6] automated bot attacks have become a common way to acquire large numbers of tickets only to resell them for higher profits. Fraudsters will ...
Tickets for Game 3 of the NLCS game between the Diamondbacks and Phillies at Chase Field will cost fans about $15. Here's what to know. DBacks ticket prices drop on resale sites.
For travellers without travel insurance, it can reduce losses when unable to travel. Flights are transferable if the name on the ticket can be changed. There are over 60 airlines which allow name changes. [3] These airlines always charge a fee for this service. The resale of airline tickets depends on the rules of the airline.
As of 2016, ticket resale was Ticketmaster's fastest growing business. [48] In 2022, Ticketmaster was experimenting with a demand-based, dynamic pricing which would vary the ticket price based upon demand. The new system is touted to give artists a higher share of the revenues that would otherwise be coming through resale ticket sales. [49]