PAY ON DELIVERY VS PAY AFTER EVENT | HOW TO SELL TICKETS ONLINE | STUBHUB SEATGEEK VIVID SEATS
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- Опубликовано: 9 июн 2024
- When you sell your tickets online, do you prefer being paid on delivery or pay after event? Do you even know the difference between the two?
00:00 // Introduction
1:10 // Pre-March 2020 Event Payments
3:03 // Post-March 2020 Event Payments
6:18 // Who Is Paying The Fastest?
8:24 // Ticket Brokers Getting Paid?
Pay on delivery used to be the standard across all resale ticket websites prior to March 2020, as there was little to no risk with an event not taking place. Even if the event was postponed or cancelled, they were more one-off events than the norm. As a result, there was sufficient cash flow within the resale marketplace ecosystem and cash could be moved from the buyer to the seller in an easy manner.
However, after March 2020, things changed. The world was not going to be the same for a while, and it still may not even be there yet. With tickets though, it became an even bigger issue because we didn't know if events that were previously scheduled would even take place anymore, or if new events being put up for sale would actually happen when scheduled or not. There was a bigger risk of events getting postponed and cancelled, and resale ticket marketplaces were not willing to move out cash for sales until they were sure the even was actually going to happen.
This was the big change needed to move resold tickets to pay after event. Under this model, ticket sales would be paid out by the various exchanges only after an event was completed. This would allow them to be sure that if there were any cancellations or postponements that there wouldn't be a major cash collection issue with ticket resellers, and also allow them to better manage their own cash flow better.
From a sellers' perspective, pay after event is not convenient or conducive to selling tickets as you would run into a major issue with cash flow yourself. If you're buying tickets to sell, you're essentially on the hook for paying for the tickets and delivering them, all without being able to collect until after the event took place. In some instances, events are being rescheduled 1 or even 2 years into the future, creating major cash flow issues.
Most ticket resale marketplaces have implemented a similar style of pay on delivery for events, and will generally follow a payout schedule of 1-2 weeks after the event is over. Some are a bit faster than others, but they all generally fall in the same window. However, if you are a professional ticket seller or have a defined relationship with some of the ticket exchanges, then you may actually be able to qualify for pay on delivery once again.
Times are constantly changing and I do expect there to be a shift back to pay on delivery, though I think there is still a long way to go before we see it implemented across the board. What do you think? Let me know down below!
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Thanks for the pro tip for putting the first and last name in the first name spot and copy and paste email in both last name and email spot! Worked like a champ!!
🔥🔥🔥
I just started the listing for 4 tickets to an event happening in 8 months on Stubhub. I'm already out a grand for the tickets. Then, I noticed in the terms and conditions that I don't get paid until 5-8 days AFTER the event?! I honestly had no idea this policy had changed since I last sold tickets and got paid right away. I understand that these sites got burned during covid, but at this point, I don't think we'll be shutting down like we did before, even if we have more waves of covid. In the meantime, the reselling sites get to keep that cash during the interim, put it in an interest-bearing account, and make even more money off of these sales! It's infuriating!
Definitely a difficult situation for the ticket seller, but over time we are starting to see small changes taking place. Hopefully in the next few years this practice will change 🤞🏽🤞🏽
Miss selling on eBay I would get paid right away. Just sold tickets on Ticketmaster and have to wait 7 days and pay fees.
eBay was a great option for sure! Feels like tickets sold over that platform have really dried up over the years though unfortunately
Hi! i like your videos! I have to get pay in the next few days by ticketmaster, but i couldn't verified my bank account for direct deposit. I just put my debit card information since i saw it was an option. Do you think is that ok or im going to have problems gettin paid?
I believe you’ll still need to verify your account before you’ll be paid. It takes a few days for the deposits to come in for you to verify your account. Wait 3-5 days after inputting your bank info and you should get 2 deposits between 0.01 and 1.00 from Ticketmaster. Enter those to verify and you’re good to go
I'm having trouble finding where to add my banking info for payment. I've added my debit card and did the taxpayer ITIN but ticketmaster still wants my banking info added in order to receive payment for sold concert tickets
Never resold tickets b4, & this was the 1st video I clicked on to find out how.
Which service do you think is best for selling my AEW tickets as far as ease of use & fees are concerned?
Generally I like to recommend starting out with StubHub because they have a relatively nice user interface and make it pretty easy to list and sell. Fees will be around 15%. If you purchased the AEW tickets direct from ticketmaster, it may be possible to list them through ticketmaster directly and that would be even easier for you since they take care of the delivery as well. I believe fees through ticketmaster are between 10-15%.
@@thumbsuprun
Thanks, I juuuuust finished your Stubhub how-to vid, looks super easy.
We bought them directly from the venue & have the actual tickets.
Ah then should be simple enough. You’ll either need to deliver them with the provided shipping label once they sell, or if the event is directly integrated with StubHub then it’s just a matter of entering the barcodes (it’ll default to this option if integrated). Best of luck with the selling! Let me know if more questions come up
@@thumbsuprun
Thanks again,
Subbed!
@@thumbsuprun
I listed my tickets Saturday night & got an email that they sold this morning!
I wasn't sure what price to ask, so I went halfway what seats 2 rows ahead were asking..... still made a great profit.
Thank you for your help, I'll stay subscribed with the bell on & try to leave a comment 4 the algorithm to help you out
How are you the seller guaranteed payment after the event?
How do you determine events you can make significant funds?
You’re guaranteed the payment when making a sale on a reputable resale marketplace as there are seller terms in place to prevent the withholding of your funds so long as you meet the seller terms (delivery on time, valid tickets, etc).
In terms of determining which events will make a lot of money, that requires a bit of research but can be done by staying informed of all the different acts and tours that go on sale, understanding the price they are being listed for, gaining presale access, and following trends. Some things like Adele and BTS are always guaranteed to do well with outsized returns, but there’s always smaller less well known events that can see large returns as well
Give me the old days when I could sell a pair of tickets in the parking lot at an event and get paid on the spot.After last year more of a delay has to be expected when using an online platform as they just want to cover their backside.
Haha all very true! If you run a cash heavy operation and aren’t prepared for the music to stop, things get ugly really fast.
Sales at the venue or on the streets are always nice, and cash in hand is the best feeling. I remember doing numerous deals in the ground level of my old work building and feeling like a champ going back up the elevator with cash in my pocket. Was always a little worried walking around with so much money though
@@thumbsuprun I know of guys who walk around the streets around the Augusta National course at Masters time with between 40-50 k cash on them in a fanny pack... as there you never know if you come across a pair of weekly badges and as a buyer you need to be ready for that at anytime
Do you recoomend reselling tickets through ticketmaster? Have you tried reseller on ticket master? I have heard a lot that they never actually pay you back once your resell ticket has been sold
I’ve sold plenty of tickets through Ticketmaster with good success. The only time people have difficulty selling through Ticketmaster is if they do not get all their paperwork sorted before listing. This includes setting up and confirming your banking details in advance and making sure you sign any any all required forms before beginning your first sale. If all that is done, then you should be fine as payments will all be automated once you make your first sale
@@thumbsuprun thank you for this. it is very helpful! I have been worried to resell my blackpink tickets at almots 1200 because it would be very hard to lose it. How will I know that I filled out all forms appropriately?
hey are you Canadian? (I noticed all the Ottawa Senators gear) I'm looking to sell american tickets for metallica with a Canadian bank account
If I buy primary tickets from ticketmaster and resale them on ticketmaster do I still need to transfer the tickets or does ticketmaster automatically transfer the tickets
If you buy from Ticketmaster and resell on Ticketmaster, you don’t need to do anything to complete the sale. Ticketmaster will automatically pull the barcode into their platform when listing the tickets so they will transfer automatically to the buyer upon sale. Hands off approach 🙌🏽
How profitable are reselling NFL season tickets
It’s really market dependent as well as location location location. Both the team itself as well as the location of the season seats. If you’re trying to resell Detroit Lions season tickets for example...good luck. If you have KC Chiefs of Bucs tickets though, tons of money making potential. The hardest part is getting yourself in the game because most profitable season tickets are already owned, either by resellers or just fans in general.
Do you know anyone in your local market who owns season tickets to your closest NFL team? They would be able to provide excellent insight into their cost and if they have made any money selling tickets before. I own several NFL team season tickets at this point, and most have only been profitable in years with them making it to the playoffs because that’s where the big bucks really are.
Long story long, you should be able to make 10% to 100%+ on season seats but it may take a few years to get into the really profitable seats. You also need to be prepared for the down years if the team starts to suck. What team(s) are you considering?
Does he still do videos?
What is the difference on stub hub with getting payment to a bank account vs. PayPal?
No difference between the two. PayPal payout just means you need to withdraw funds to your bank afterwards, while a payout to bank basically gets the cash there a day earlier. But no difference from a fee perspective
Hey bro what do you do if your transfer and sell tickets button are grey. It say I can’t resell for more then 5% profit or something like that .
25%
Basically if the resell buttons are grey then the event is not eligible for resale. If the event has a limit on resell through Ticketmaster then the only way to resell them would be to either do it on another platform or to follow whatever terms Ticketmaster/event promoter has set. If you have the ability to transfer the tickets out of your account then feel free to resell them over on another platform
@@thumbsuprun dang so there’s no way of reselling if i can’t make it ? Smh
@@thumbsuprun says maximum resale restrictions may apply. Greater of 5$ or 25% of ticket price plus tax. So basically I have to sell it for what I got it? How would I sell if there transfer button is grey? Can you send the barcode?
Send me a message on IG or Twitter (thumbsuprun) and then show me some screenshots. I have an idea but want to see what you’re facing first
I just read one of the comments. Before we purchase tickets, how do we know if an event is eligible for resale.
If you’re looking at resale within Ticketmaster, unfortunately you won’t know until they open it up. However, you can go under the assumption of yes so long as ticket transfer is enabled. When tickets are able to be transferred directly within Ticketmaster, it normally means that the event will be able to be resold through Ticketmaster. If you’re purchasing non-transferable tickets though then it is less likely you’ll be able to resell them through Ticketmaster directly.
As long as you have a way to transfer tickets though, you can always sell them through another resale website outside of Ticketmaster as well
@@thumbsuprun I bought 2 tickets at pre sale yesterday and my brother also bought 2 that were closer so I want to sell the 2 tickets I bought so we can sit in the seats he bought. Right now the tickets are transferable but the sell button is not available yet. When do you think the tickets will be available for resale on ticketmaster? When the sale goes public?
Check a couple of days after the general sale. If it doesn’t show up though, then you may need to sell as mobile transfer on a different platform
@@thumbsuprun okay thanks!
@@thumbsuprun okay so the general sale went live and I can in fact sell them now. However, it says the face value of each ticket is $505 but it says "you can only enter an amount between 569.26 and 9999.99" isn't this scalping? Like... Will I get in trouble for listing it above what it says is face value (505) I'm located in new york
When do u think it will go back to pay on delivery
I honestly don’t expect it to ever change at this point for individual sellers. Larger brokers are already able to get paid on delivery if they have a large enough gales volume.
What might be interesting to see is if they charge a fee for early payment. SeatGeek now offers this service for larger brokers for even earlier payment on confirmation instead of waiting for delivery. TickPick has always been pay on confirmation for large brokers with weekly payouts.
So for someone just starting to sell ticket it will be hard to get started
It’ll be harder only in the sense of having capital tied up at the beginning. There are events with good margins that can have quick turnaround times (few weeks to couple of months), so just have to keep an eye out for those.
There are a few other options with ticket consignment as well, and I’ll have some videos on the topic in the future. Fees are higher up front though especially at the beginning so just something to keep in mind, but can fire me a message on IG and we can discuss.
Vividseat is safe? I need ticket
Very safe! Would recommend
Now that we are finally seeing cases drop and vaccines increase in Ontario, Events are looking good for later this year and next year, also bought some tickets to see The Weeknd in Toronto in April 2022!
I like the optimism! Cases have definitely dropped significantly over the last two months here. Just hoping to see it continue and we can finally bring back sports to Ontario. Dying for some baseball! ⚾️⚾️
@@thumbsuprun same! I passed up a ton of Baseball games in 2019, definitely wont do that again!
is Stubhub legit as a seller?
Absolutely. Would sell with them anytime!
Dude you talk way too much. You repeat yourself and give way too much opinion. Just tell us what the heck we need to know be more straightforward to the point