Can You Sell Tickets on StubHub for More Than Face Value?
If you’re a ticket holder for a popular event, you may have considered selling your tickets on StubHub. StubHub is a popular online ticket marketplace where you can buy and sell tickets for concerts, sports events, and other live performances. But can you sell tickets on StubHub for more than face value? In this blog post, we’ll explore the policies and regulations behind selling tickets on StubHub.
What Is Face Value?
Before we dive into whether you can sell tickets on StubHub for more than face value, let’s define what face value means. Face value is the price that the original vendor or box office of an event sets for the tickets. This price is often printed on the ticket itself. This is the price that the event organizer expects to sell the ticket for.
Can You Sell Tickets on StubHub for More Than Face Value?
Yes, you can sell tickets on StubHub for more than face value. In fact, it’s common for sellers to price their tickets above face value to account for the demand for certain events. This is known as ticket scalping.However, there are some restrictions and regulations for selling tickets on StubHub. For instance, sellers are prohibited from selling tickets to events that are in violation of local or state laws. Additionally, not all events allow sellers to sell tickets above face value. It’s important to verify that the event allows the resale of tickets before attempting to sell them on StubHub.
StubHub Policies for Selling Tickets Above Face Value
StubHub allows sellers to price their tickets above face value, but there are some guidelines and restrictions to follow. Here are some of the main policies for selling tickets above face value on StubHub:
Price Caps
StubHub has a maximum cap on the amount that sellers can list their tickets for. This cap varies depending on the event, but it’s typically around 3-4 times the face value of the ticket. This is to prevent excessive ticket scalping and protect buyers from overpaying for tickets.
Transparency
When selling tickets on StubHub, sellers must list the original face value of the tickets on the listing. This is to ensure transparency and to help buyers make informed purchasing decisions.
Taxes and Fees
When pricing tickets above face value, it’s important to factor in the taxes and fees associated with the purchase. StubHub charges a fee to both the buyer and seller for all transactions. Sellers should factor in this fee when pricing their tickets to avoid losing money on the sale.
Bottom Line
In conclusion, you can sell tickets on StubHub for more than face value. StubHub has policies and guidelines in place to regulate the pricing and sale of tickets to ensure that both buyers and sellers are protected. However, it’s important to check the event regulations and prices caps for each event before listing tickets for sale. It’s also important to factor in fees and taxes when pricing tickets to ensure a successful and profitable sale.