When Does Ticketmaster Pay You? A Detailed Guide
Selling tickets on Ticketmaster can be a great way to make some extra money, but one question always comes up – when does Ticketmaster actually pay you?
If you’ve sold tickets through Ticketmaster, you’re probably eager to get your funds as soon as possible.
If you’re short on time, here’s a quick answer: Ticketmaster typically pays out sellers within 5-7 business days after your tickets are sold, through direct deposit or paper check.
In this comprehensive guide, we’ll walk through everything you need to know about Ticketmaster’s payout process so you can get your money quickly.
When Does the Payout Process Begin?
When you sell tickets through Ticketmaster, you may be wondering when you will receive your payment.
The payout process typically begins after the event date and after the refund period ends. This ensures that all ticket sales are finalized and any potential refunds or exchanges have been processed.
After the event date and after refund period ends
Once the event has taken place and the refund period for ticket buyers has ended, Ticketmaster will begin the process of disbursing payments to event organizers.
This allows sufficient time for any necessary adjustments to be made to ticket sales and ensures that the final payment reflects the accurate number of tickets sold.
Within 5-7 days for electronic payments
If you have opted for electronic payment methods, such as direct deposit or PayPal, you can expect to receive your payout within 5-7 days after the event date and refund period ends.
Ticketmaster strives to process payments promptly to ensure event organizers receive their funds in a timely manner.
Allow extra time for paper checks
For event organizers who prefer to receive payments via paper checks, it is important to allow for some additional time for processing and delivery.
Ticketmaster pays out sellers who have opted for paper checks within 8-12 weeks after the tickets are sold. This is because Ticketmaster needs to print and mail the check, which can take some time.
While Ticketmaster aims to send out checks as quickly as possible, the postal service and other factors may cause a slight delay in the arrival of your payment. However, rest assured that Ticketmaster will make every effort to ensure your payment is sent out in a timely manner.
How Often Does Ticketmaster Pay Out?
Whether you are a high-volume or lower-volume seller on Ticketmaster, you can rest assured that you will receive your payments in a timely manner. Ticketmaster offers two different payment schedules based on your sales volume.
Weekly Payments for high-volume sellers
High-volume sellers are defined as those who sell more than 1,000 tickets per month, or those who sell tickets to more than 100 events per year.
High-volume sellers are typically paid on a weekly basis, within 5-7 business days after their tickets are sold. This means that high-volume sellers can expect to receive their payouts more quickly than regular sellers.
So, you can expect your earnings to be deposited into your account every two weeks, allowing you to manage your finances efficiently.
Bi-weekly payments for lower-volume sellers
Lower-volume sellers are defined as those who sell less than 1,000 tickets per month, and those who sell tickets to less than 100 events per year.
Lower-volume sellers are typically paid on a biweekly basis, within 5-7 business days after their tickets are sold. This means that lower-volume sellers can expect to receive their payouts less frequently than regular sellers, but more frequently than high-volume sellers.
It is important to note that the payment schedules mentioned above are subject to change and may vary based on your specific agreement with Ticketmaster.
Therefore, it is always a good idea to review your contract or reach out to Ticketmaster directly for the most up-to-date information regarding payment schedules. For more information on Ticketmaster’s payment policies, you can visit their official website.
What Methods Does Ticketmaster Use to Pay Sellers?
When it comes to paying sellers, Ticketmaster offers a variety of methods to ensure a seamless and convenient experience. Here are the three primary methods they use:
1. Direct deposit
Direct deposit is the most common and preferred method of payment used by Ticketmaster. Sellers have the option to link their bank account to their Ticketmaster account, allowing for quick and hassle-free transfers.
Once the event has taken place and the tickets have been delivered to the buyers, Ticketmaster will initiate the payment process. Funds are then transferred directly to the seller’s bank account, typically within a few business days.
2. Paper checks
For sellers who prefer a more traditional method of payment, Ticketmaster also offers the option of receiving payment via paper checks. Sellers can choose to have their earnings mailed to them in the form of a check.
While this method may take slightly longer than direct deposit, it is still a reliable and secure way to receive payment.
3. PayPal (only in limited circumstances)
In some cases, Ticketmaster may offer sellers the option to receive payment through PayPal. However, it’s important to note that this method is only available in limited circumstances and may not be available to all sellers.
If PayPal is an option for you, Ticketmaster will provide instructions on how to link your PayPal account and receive payments in this manner.
It’s worth mentioning that the availability of these payment methods may vary depending on the country and specific circumstances. Therefore, it’s always a good idea to refer to Ticketmaster’s official website for the most up-to-date information regarding payment options.
What Fees Does Ticketmaster Charge?
When selling tickets through Ticketmaster, it’s important to understand the fees that are associated with the platform. Ticketmaster charges a few different fees to cover their services and ensure a seamless ticketing experience for both buyers and sellers.
10-20%% Service fee per ticket
One of the fees you can expect to pay when selling tickets on Ticketmaster is a service fee. This is the main fee that Ticketmaster charges sellers.
Ticketmaster charges a 10%-20% commission fee per ticket sold. This fee is deducted from the total selling price of the ticket and helps cover the costs of operating the platform.
$5.00-$10.00 order processing fee per ticket order
In addition to the service fee, Ticketmaster also charges an order processing fee. This fee is charged once per order.
This fee is a flat rate typically between $5 and $10 per ticket order and is applied to cover the costs of processing the ticket order.
It’s important to keep this fee in mind when setting the price for your tickets, as it will be an additional cost for the buyer.
Payment processing fees based on payout method
When it comes to receiving payment for your ticket sales, Ticketmaster offers different payout methods.
Depending on the method you choose, there may be payment processing fees associated with it. It’s important to carefully review the fees associated with each payout method before making a decision.
Pro Tip: To get a detailed breakdown of all the fees associated with selling tickets on Ticketmaster, it’s recommended to visit their official website. This will help you understand the specific fees that apply to your ticket sales and ensure there are no surprises along the way.
Tips to Get Paid Faster
Provide payout account information upfront
One of the key factors in ensuring that Ticketmaster pays you on time is by providing your payout account information as soon as possible. When you create your Ticketmaster account, make sure to include all the necessary details such as your bank account information or PayPal email address.
By doing so, you eliminate any delays that may occur due to missing or incomplete payout information.
Consider direct deposit over paper checks
If you want to receive your payments quickly and efficiently, it is highly recommended to opt for direct deposit instead of paper checks. Direct deposit allows Ticketmaster to transfer your earnings directly into your bank account, eliminating the need for physical checks to be mailed.
This not only saves time but also reduces the risk of checks getting lost or delayed in the mail.
Sell high volumes frequently
The more tickets you sell on Ticketmaster, the more frequently you can expect to receive payments. Ticketmaster typically pays sellers on a regular basis, often on a weekly or monthly basis, depending on the volume of tickets sold.
Therefore, if you consistently sell a high volume of tickets, you can expect to receive payments more frequently, resulting in a faster payout.
Keep track of your payout schedule
To ensure that you are aware of when Ticketmaster will pay you, it is important to keep track of your payout schedule. Ticketmaster provides sellers with a payout schedule that outlines the specific dates on which payments will be made.
By referring to this schedule regularly, you can plan and manage your finances accordingly. For further information on Ticketmaster’s payout process and schedule, you can visit their official website.
Conclusion
Knowing when you’ll get your payout for sold tickets is key to planning your finances around your Ticketmaster sales. Now that you understand when Ticketmaster issues seller payouts and how you get paid, you can anticipate your income timeframe.
With some strategic planning around high volume sales before payout periods, you may be able to get paid even faster. As long as you closely follow Ticketmaster’s event and payout policies, you’ll be cashing those ticket sale checks in no time.
