Are you planning to buy or sell tickets on Ticketmaster any time soon?
If so, this article is extremely important for you.
With a recent rise in live events in the aftermath of the pandemic, many people are using Ticketmaster to buy tickets to their favorite artist’s concerts, sports team matches, and even theater performances.
Many people have also started using the platform to sell their own tickets as well.
As such, it is important to be aware of the fees that the platform charges you –– regardless of whether you are a buyer or a seller.
Read on to understand the breakdown of fees on Ticketmaster for buyers and sellers.
What are the Ticketmaster Sellers Fees?
When you sell tickets on Ticketmaster, you are charged 10-15% of the selling price as service fees.
However, listing your ticket for sale on the platform is completely free.
This means that you are only charged if and when your ticket is actually bought by a buyer.
When it is sold, Ticketmaster will automatically charge you anywhere between 10% to 15% of the actual selling price as part of their service fee, since you are using their services to make the sale.
As a seller, you agree to this condition when you post the listing for the ticket.
This charge will be automatically deducted by Ticketmaster when the ticket is sold, and as such you do not need to worry about making any additional to the platform later on.
This means that you will receive the remaining payout due to you after the service charge has been taken.
For example, consider that you put up a ticket for sale at $200, and Ticketmaster charges you a service fee of 13% of that price.
This service fee will amount to $26, which Ticketmaster will deduct automatically from the buyer’s payment to you once your ticket is sold.
When you receive the payout for the ticket, you will receive the remaining $174, instead of the original $200 that you put as the price.
While the automatic deduction allows for seamless operations on Ticketmaster, it is important to be aware of such charges so that you are not taken by surprise when you receive your payout.
In fact, when you are creating a listing to put your tickets up for sale, Ticketmaster will show you exactly how much you will receive as a payout when you are setting the selling price for the tickets.
Besides this, it is also important to be aware of any penalties that you may be subject to for failing to meet Ticketmaster’s terms and conditions for sellers.
What are the Ticketmaster Buyers Fees?
When purchasing tickets on Ticketmaster, you may be charged a variety of fees such as service fees, order processes fees, delivery fees, facility charges, and taxes.
These fees are added onto the “face value price” which is what the actual tickets cost without any additional fees.
Some of these fees are optional, while others are compulsory.
Service fees are compulsory fees charged by Ticketmaster for using their services to purchase your ticket.
In addition to this, an order processing fee is also charged by Ticketmaster for the various operations that are carried out to fulfill the ticket order, such as handling, support, and shipping.
Besides these, there are a few optional charges that you may be subjected to depending on the kind of ticket you purchase.
For example, if you are buying a physical ticket on Ticketmaster, they might charge you delivery fees to have the ticket sent to you to fulfill the order.
Facility charges are optional and up to the buyer to decide whether they want to pay it.
These facility charges are meant for the venue to maintain its facilities, and Ticketmaster simply collects these charges and does not actually receive them.
Finally, subject to which region/location you are in, you may have to pay Ticketmaster any additional taxes in accordance with the laws of your land.