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Show HN: Lyte buys your unused concert/event tickets
- Igglyboo 12y agoHow do they prevent you from making a copy of your E-Ticket and simply showing up to the event earlier than the buyer, or even selling it somewhere else?
- antant 12y agoThe most fail-safe way we protect against that kind of blatant fraud is by incentivizing our users to transfer us their ticket electronically. When they do that, they get paid immediately (versus 1 biz day after the event) and they eliminate all previous instances of the bar code. But even in instances where a user does not elect to transfer us a ticket, when they accept our offer we scan the web for all potential listings of the ticket. In every case to-date, if a ticket remains listed it is because the user forgot to pull it down. When we remind them, they do. We have processed $100s of thousands of dollars in tickets so far and we have encountered two cases of potential fraud to-date. In both instances, the users exhibited shady behavior, operating from various email accounts & IPs (among other things), not responding to our additional requests for information, etc. We were able to catch them BEFORE the event and immediately cancel their accounts & transactions. Unfortunately we saw those same users operating on a couple of the large marketplaces. Hope that answers your question. Ant