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I don't know TM's numbers, but I know it is correct that processing fees are not always going 100% to the ticketing company. My company is in the music busines
by jakejake 11y ago
I don't know TM's numbers, but I know it is correct that processing fees are not always going 100% to the ticketing company. My company is in the music business and one of our products is for internal ticket sales. We collect fees on behalf of the seller. The sellers portion varies, but is usually about 75% of the fee - meaning that we, the processor, are only getting 25% of the fee that the customer sees.
- cdcarter 11y agoSimilarly, I've worked for an organization that charges a per ticket service fee. They take a 100% cut off this, when you consider their ticketing contract was negotiated as a fixed annual cost, not a per-ticket or %-of-revenue.