Ticket brokers have potential to make serous money by choosing the right event and market the event correctly. However it is necessary to get a ticket sales license and start a merchant account to process payments. Which can be a problem since Ticket sales are considered High- Risk.
With most purchases being done online it is critical for event ticket sales to need the services of a credit/debit processor. With that you want a servicer with a reputable background that you clients feel comfortable using.
If you sell tickets as a broker, you’ve probably had difficulty finding a payment processing company that doesn’t charge exorbitant rates because of the high-risk nature of your business. The main reason ticket sales are considered high-risk is because of the high potential for fraud and chargebacks. Many payment processing companies are unwilling to work with businesses in a high-risk industry, and if they do, they charge very high rates to do so.
Part of the reason Ticket Sales have been labeled high risk is due to its notoriously associated with criminals. Scalping tickets is illegal in most areas , however its perfectly legal to sell tickets as an enterprise or broker. Laws may vary from state to state so be sure to check on your local ticket brokering laws
Even if it wasn’t for shady side dealing ticket sellers depleting the reputation of ticket brokers , it would still fall into the high risk category simply because it's not an immediate fulfillment service it is future fulfillment . Future fulfillment come with the obvious possibility of charge backs for any number of reasons. and with potential high volume chargeback situations you become High-Risk merchant .
