There is a major problem with All Tomorrow’s Parties, a major music festival in the UK. Its ticketing broker, Dash Tickets, accused the festival of withholding money needed to refund ticket-holders, while its publicist, Zeitgeist Agency, recently began litigation for payments past due. All the while, many bands, and fans are stuck in London for the weekend, organizing last-minute replacement shows while attempting to recoup refunds.
While a concert cancellation isn’t abnormal, the fact that funds are being withheld is. While being a ticket broker can be a great business to enter into, this is a huge problem, and it is why many merchant account processors refuse to work with ticket brokers. A merchant account is what you need – in any business – to accept plastic card payments. The vast majority of ticket sales are purchased either online with a plastic card, or in-person with a plastic card, so it is an absolute must. Though, if you approach mainstream merchant account processors or banks in regards to a ticket broker merchant account, you would be more than likely turned down. You need the services of a merchant account provider who specializes in ticket broker merchant accounts. You need eMerchantBroker.
With EMB, you will have an ally in the constant battles that can affect a ticket broker merchant account. We know that fraudulent charges can occur, and we will help you determine if the charge is actually fraudulent, or just a regretted purchase. Fraudulent charges can bring big financial penalties to the vendor, and we will help you lessen this with our chargeback insurance. While optional, it is a great option for any business that can incur large amounts of fraudulent claims. For instance, a $40 ticket could bring hundreds in chargeback fees. With our chargeback suite, you can save a lot of money by minimizing the fees. Ticket brokers need a reliable, dedicated merchant account. Ticket brokers need EMB.
Contact EMB for an Event Ticket Broker Merchant Account