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Ticket resale is a form of arbitrage that arises when the number demanded at the sale price exceeds the number supplied (that is, when event organizers charge less than the equilibrium prices for the tickets). During the 19th century, the term scalper was applied to railroad ticket brokers who sold tickets for lower rates.
When a ticket reseller buys concert tickets at a lower price and sells them for a bit more, they make a profit. Here's how to sell concert tickets to make an extra buck on the side.
Online ticket brokering. Online ticket brokering is the resale of tickets through a web-based ticket brokering service. Prices on ticket brokering websites are determined by demand, availability, and the ticket reseller. Tickets sold through an online ticket brokering service may or may not be authorized by the official seller.
StubHub was founded in March 2000 as a class project [7] by Eric Baker and Jeff Fluhr, both former Stanford Business School students and investment bankers. [8] One of its first major sports deals was with the Seattle Mariners in 2001. [9] In 2002, eBay was in talks to acquire StubHub for US$20 million, although the agreement had later "fallen ...
Many credit cards will allow you to be reimbursed for fraudulent charges. Opt to pay with a card that offers this protection rather than other payment methods. “Legitimate ticket websites will ...
Three Long Island-based ticket brokers agreed to pay around $3.7 million to settle alleged violations of the Better Online Ticket Sales (BOTS) Act, the Department of Justice and Federal Trade ...
Vivid Seats is a middleman between ticket buyers and sellers, taking a 10% commission once tickets have sold and additionally charging buyers service fees (circa 20–40%) and shipping charges. Partnerships. In February 2017, ESPN made Vivid Seats its official ticket provider, replacing StubHub.
Resellers and ticket brokers such asStubHub and SeatGeek create a secondary market for tickets that buyers can't — or never intended to — use themselves. Brokers compete with fans for seats in ...
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