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This is why Eventbrite has stopped issuing advanced payouts to venues. Given the increased risk, they need to keep the money on hand for potential refunds. I wo
by sciurus 6y ago
This is why Eventbrite has stopped issuing advanced payouts to venues. Given the increased risk, they need to keep the money on hand for potential refunds. I wonder if Ticketmaster has done something similar.
https://www.eventbrite.com/blog/advanced-payouts-changes-related-to-covid-19/ https://www.eventbrite.com/blog/advanced-payouts-changes-rel...
- rapind 6y agoNo doubt. Typically they would hold a reserve based on a risk calculation. This epidemic would have completely invalidated the old math on how much to reserve and I suspect has therefore left a lot of platforms in a shitty position or cash strapped.