Why Are Verified Resale Tickets More Expensive?

Hesitant about buying verified resale tickets because of the higher prices?

If you're like most people, you're probably wondering why verified resale tickets are so expensive.

In this article, we'll dive into the factors that contribute to their higher cost and provide you with some handy tips for saving money when buying them.

Why Verified Resale Tickets Cost More

Supply and Demand

When an event is sold out or in high demand, the demand for tickets often surpasses the available supply.

This scarcity of tickets in the primary market allows secondary sellers to set higher prices, as people are willing to pay a premium to attend their desired event.

Convenience

Verified resale marketplaces offer the convenience of finding and purchasing tickets for events that are sold out or notoriously difficult to obtain tickets for.

This convenience factor adds to the ticket price since those who missed out on the primary sale are willing to pay extra for the ease of securing a ticket.

Seller Profit

Sellers in the verified resale market often list tickets at a higher price to make a profit.

This can be due to various factors, such as holding tickets for a significant event and waiting for the right moment to maximise profit.

Additionally, tickets in prime locations, like those close to the stage or in VIP sections, are usually priced higher due to their desirability.

In saying this, the Australian government recently introduced legislation which capped the resale price at no more than 10% higher than the ticket face value.

Fees

The real reason that resale tickets often cost more than primary tickets is that the resale platforms tend to charge large fees to both the buyers and the sellers.

They call these anything from ‘handling fees’ to ‘service fees’ to ‘administration fees’, but the end result is the same - the tickets become quite expensive.

Use Resale Tickets to help you find the cheapest tickets across all primary and secondary ticket sites in Australia. We look at the ticket prices and associated fees to give you the real price on each of these platforms.

Tips For Saving Money On Verified Resale Tickets

Shop Around

Different resale platforms may offer the same tickets at varying prices.

By comparing prices from multiple sources, you can increase your chances of finding a more affordable option.

Direct Seller Purchase

When dealing directly with the seller, you might have the opportunity to negotiate a lower price, avoiding the fees associated with resale platforms.

Last-Minute Purchases

If you aren't in a hurry to secure your tickets, waiting until the last minute can be a money-saving tactic.

As the event date approaches, sellers may become more willing to negotiate on price, especially if tickets are still available.

Conclusion

While verified resale tickets may come with a higher price tag, they offer a valuable opportunity to access sold-out events.

By being savvy in your ticket selection and purchase, you can strike a balance between your budget and your passion for unforgettable experiences.