What is the Ticketmaster Face Value Exchange?
It's a service that allows fans to resell tickets at face value through the Ticketmaster platform.
Entertainment / Music
Neil Young is among a growing number of artists leveraging Ticketmaster's Face Value Exchange to combat high resale ticket prices and ensure fans can access tickets at face value. This initiative aims to curb price-gouging in the secondary...
The Ticketmaster Face Value Exchange is a mobile-only service where fans can resell tickets at face value. When an artist opts in, ticket transfers are disabled, ensuring all resales occur within the Ticketmaster platform. This prevents tickets from being duplicated or sold on secondary markets at inflated prices.
**How it works for sellers:**
1. Sellers list tickets on the Ticketmaster resale marketplace at the original price. 2. Listings can be shared with family and friends. 3. Unsold tickets are returned to the seller if not sold up to 60 minutes after the event starts.
**How it works for buyers:**
1. A pop-up appears on the Ticketmaster event site for eligible events. 2. Buyers select available tickets and purchase them. 3. Tickets are transferred digitally via mobile.
This initiative helps artists control resale prices, addressing concerns about excessive price-gouging. Robert Smith of The Cure influenced Neil Young's decision to avoid dynamic or platinum-priced tickets, which are often criticized for being market-driven and expensive.
It's a service that allows fans to resell tickets at face value through the Ticketmaster platform.
Artists can control resale prices and ensure that scalpers don't profit from their events.
Buyers purchase tickets directly through Ticketmaster, with assurance they are paying the original price.
What do you think about artists taking control of ticket resale prices? Share your thoughts in the comments below!
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