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by Timmah 2824 days ago
> by offloading risk

Offload it straight onto the consumer. If I pay 2x the TM price from a scalper and the event is cancelled and TM offers "full refunds " I'm out the difference.

1 comments

> I'm out the difference.

No, you usually aren't. Both Stubhub[1] and Ticketmaster (through their TM+[2] resale platform) offer full refunds. If the reseller has already been paid, the amount is either deducted from the next payment to the reseller for sales, or taken out of the linked bank account or credit card. If the reseller hasn't been paid yet (they generally get paid on delivery, not on sale), they just don't get paid.

Even if for some reason the exchanges can't recoup the refund cost, they'll just eat it. Exchanges live and die by their reputations, which is also why they punish resellers heavily for delivery problems or invalid tickets.

1: https://www.stubhub.com/promise/

2: https://www.ticketmaster.com/verified

He wrote "from a scalper", not a retail resale marketplace.
Who do you think is selling on the resale marketplaces? The nice name is broker, but multiple people here, and the article these comments are on, use the term scalper. The vast majority of inventory resold by people that purchased with the intent to resell is sold on Stubhub, TM+, or Vivid Seats. The majority of inventory on those platforms is from brokers. Who bothers buying direct from an individual anymore?

The article in question is actually about scalpers (brokers) using Ticketmaster's resale platform (TM+) and Point of Sale for managing inventory (Tradedesk).