Stubhub cheats dude out of Kobe final game tickets

quote:

---

Because your an Alabama fan and the losest common denominator by genetics

---

Because you're an Alabama fan and the lowest common...

FIFY.

Meh. Who wants to see that POS play anyway?

It sucks royally, but with a thread title of "Stubhub cheats dude out of tickets" it is worth remembering that it wasn't ever Stubhub's tickets. It's not them that kept the tickets for profit.

It was the seller that ultimately did it. Stubhub's service is just to facilitate the match, and give assurances that it's not a fake.

Lesson to be learned here is to try to apply pressure of you think prices can skyrocket. Don't wait three weeks for the seller to wait and see when they already have it in hand.

Stubhub prob can do a lot more for you then compared to after.

There isn't a penalty for selling at a lower price. There is a penalty of 20% of the market value if the seller backs out of the deal.

Reading the comments, it appears as if another ticket company stepped in with tickets. I really don't understand how a seller can legally back out. If money has been exchanged, then the seller is no longer the legal owner of the tickets.

I did read the article.

That's why I said that in cases when you expect the prices going up massively, you are going to want to get the tickets in hand ASAP.

Not let weeks go by and do nothing, and pat yourself on the back for getting the tickets at a fraction of the cost, and still do nothing for weeks more.

Not saying the buyer is at fault here, but that is the lesson to be learned from this.

With their credentials and track record, people seem to forget that Stubhub is just a marketplace.

Chicken wouldn't be held liable for shinanigans on the ticket exchange, would he?

All Stubhub promises you is that the ticket is not forged and coverage if the event is cancelled. Not that the seller follows through. If the buyer was as shrewd with foresight as he wants to portray himself, he would have gotten antsy when the tickets didn't ship after a few days after purchase.

Make up excuses to Stubhub to try to get them to force the sellers hand beforehand. But get those damn tickets. You don't actually have them till you have them.

quote:

---

I really don't understand how a seller can legally back out. If money has been exchanged, then the seller is no longer the legal owner of the tickets.

---

Again, it is a trusted intermediate to broker tickets.

The seller never recieved the money.

Stubhub only pays out to them after the tickets are delivered.

The transaction never took place. Stubhub held the funds in escrow for the seller to have the option of utilizing.

The seller wanted to wait and see if prices would go up so he didn't finalize.

A month passes

Prices shot up.

The option was now worth a lot less, so the seller doesn't execute.

Escrow money returned to buyer, fee charged to seller for wasting everyone's time.

When I put it that way, in many ways Stubhub is analogous to a stock brokerage.

quote:

---

I'm talking about how can they "legally" do this fricktard. Their job as an instant ticket exchange marketplace is to facilitate the transaction, which means that they should be responsible for a failed transaction. Sorry I had to spell it out for you.

---

"They" meaning Stubhub can not and will not show up on the ticket seller's doorstep and force the tickets from their hands in order to deliver them to the ticket buyer.

So to encourage the delivery of the deal, ticket sellers agree to a charge of 20% of the original sale if they don't deliver on the transaction.

This system incentivizes ticket sellers to hold and back out of deals in which tickets to athletes like Kobe and Jeter's potential final game are sold at a percentage of their final worth before the athletes announce their retirement.

So the ticket seller can list the tickets on the market place and wait to deliver them until just before the game takes place to ensure the value does not go up beyond the 20% charge from Stubhub. If the value of the tickets rises and exceeds the 20% charge to the point that it is timely and profitable then the ticket seller can just cancel the transaction and either go to the game or seek another avenue to sell the same tickets (highly unlikey Stubhub allows relisting on these types of tickets)

This is undoubtedly in the fine print of the agreement Stubhub has every user agree to.

Sorry I had to spell it out for you

quote:

---

SirWinston

---