Quick Answer: Can I Sell Tickets On StubHub For More Than Face Value?

Why are tickets on StubHub usually sold at a higher price than the regular price of a concert ticket?

Hi.

As a marketplace, all tickets are listed and priced by individual sellers.

Sellers will usually set these prices based on the current market value of the event and other similar tickets listed.

This is 100% their discretion and often these prices can be more than the original face value..

How much does StubHub charge to sell your tickets?

For Stubhub, it is free to list tickets for sale. On each completed transaction, the buyer pays a 10% fee, and sellers are charged a 15% fee. For example, on the sale of a $100 ticket, the buyer would pay $110.

How do I avoid paying fees on StubHub?

Members of Ticket Club get the same tickets to the same events – without the massive fees charged by StubHub. It’s normally $49.99 for the first year, but we’re giving away one-year memberships for free as a special promotion. Once you join, you’ll never want to use StubHub again.

How does StubHub make money?

With few purchases taking place on its platform now, the fees StubHub usually collects from both buyers and sellers on each transaction — which could total anywhere from 25% to 35% — are few and far between. StubHub normally sells almost $5 billion in tickets a year.

Can you make good money reselling tickets?

If you want to make a few quick bucks, then tickets reselling can be an ideal side hustle. The events and concerts ticket industry have many loopholes that you can take advantage of. But you need to be sure that it is allowed in your state and the event holders allow it too.

Is StubHub considered scalping?

Stubhub usually takes 10% from the sale of each ticket, while the reseller takes 90% of the sale. Yes, Stubhub is legit. I have bought plenty of tickets from Stubhub over the years without issue. However, Stubhub is a secondary ticket market, which means you will likely not pay face value for the tickets.

What happens if no one buys your tickets on StubHub?

If the tickets you’re reselling on StubHub don’t sell, they’re still yours. You can try to sell them elsewhere or give them to a friend. You only pay a sell fee if the tickets sell.

Where is the best place to sell tickets?

StubHubThere’s a variety of options out there if you are looking to sell your tickets on a ticket marketplace, but your best bets are (roughly in order of size) StubHub, Vivid Seats, TicketsNow, TicketExchange by Ticketmaster, and TickPick.

Why is reselling tickets called scalping?

scalp (tickets) Why is the resale of tickets called scalping? It was the practice of some Native American tribes to scalp their defeated foes (that is, to remove the skin from the tops of their heads). Men saw an opportunity to make quick cash by purchasing unused portions of railroad tickets to resell for profit.

What is a ticket seller called?

Noun. A person or business that sells tickets. box office. cashier. ticket booth.

Can you sell tickets for more than face value?

No person, other than a registered ticket broker, may resell a ticket for more than a 20 percent premium or $3, whichever is greater, over the face value. Ticket brokers may not resell tickets at a premium in excess of 50 percent of the price paid to acquire the ticket, plus lawful taxes.

Can you resell tickets on StubHub?

If you bought tickets on StubHub as a guest, you can resell them after registering a StubHub account. We can’t merge a guest account to a registered account. To resell your tickets: Click ‘Sell’ on StubHub.

Can I resell platinum tickets on StubHub?

No, Ticketmaster Platinum tickets are not resale tickets. … Examples of resale ticket marketplaces are StubHub and SeatGeek. Instead of prices being determined by a computer, prices are set by the reseller and naturally follow demand for the event.

Why are tickets cheaper on StubHub?

Typically, as the event date gets closer, ticket holders selling on the StubHub marketplace will lower their prices so as to get rid of the inventory of tickets they have, for better to make money at a cheaper rate than to completely lose your profit.

What is wrong with ticket scalping?

Scalping is buying a product, typically in bulk, and reselling it for prices higher than the initial retail price. If enough individuals do this, it creates scarcity and any consumer interested in the product could now be paying much more than necessary while the scalper makes a profit.

Is StubHub owned by Ticketmaster?

The website had more than 240 million unique visitors last year and sold tickets valued at more than $4.75 billion. EBay has owned StubHub since 2007, when it bought the business from Messrs. Baker and Fluhr for $310 million. … Ticketmaster, the largest ticket seller, has been expanding its resale business, too.

Why is reselling tickets illegal?

They state that it creates a fair, open market that both parties are agreeable toward. Those who want to make the practice illegal argue that the system favors the wealthy and prompts scalpers to buy large quantities of tickets strictly for resale.

In California, ticket scalping is illegal when done on the grounds of the event. This is a misdemeanor charge that carries a fine as high as $1,000. While that may be illegal, it is legal to purchase resale tickets online from valid ticket websites such as SeatGeek, StubHub, and Ticketmaster.

Add a comment