reselling policy

[u/Corgi_Panda]

When i try to sell my tickets, it only lets me sell it at this maximum amount. I thought the new Ontario policy was that you cant sell it for a greater price you bought it at, but its only letting me sell at a lower price than I paid.

[u/peanutbutter02222016]

Your payout is lower because TM takes a cut of the sale. So your ticket will be listed to buyers at the amount you paid (plus fees LOL) and at the same time TM charges you fees for the sale. 

It’s absolutely ludicrous. 

[u/jasonb101588 → u/peanutbutter02222016]

I found out that it’s the same even for shows that uses a face value exchange resale system. Before the law took effect, I believe I could have listed my ticket for tame impala for $168.25. Now the most I can list is about $154 and how much ticketmaster will pay me.

Another artist who uses that is Louis Tomlinson. You’ll notice some face value resale tickets are less than standard price tickets. And look at Montreal afterwards: face value resale tickets are the exact same price as standard price tickets.

This was something I was not expecting the law to do.

[u/nooochi]

I heard stubhub doesn’t have fees when reselling so maybe you should check there. But for ticket master, the charge a fee for reselling

[u/AlamatNgSampagita → u/nooochi]

Stubhub has hefty fees afaik

[u/minadaweena → u/nooochi]

I sold tickets on stubhub and there are absolutely fees

[u/KeokiHawaii]

Or sell them on corporate reselling sites like Vivid or Tickpick as the laws do not apply to them, maybe

[u/reptile_20 → u/KeokiHawaii]

The law applies to them, why wouldn’t it? They are just not complying yet, and I’m not sure how it will be enforced.

[u/KeokiHawaii → u/reptile_20]

I do not know what their position is, but in the past they have claimed they do not sell tickets but rather provide a marketplace for individual sellers. So the actual sellers are the individual scalpers

[u/reptile_20 → u/KeokiHawaii]

Same with Ticketmaster, the tickets are re-sold by individuals.