In a move to revolutionize the secondary ticketing market, Platinumlist has launched an innovative fan-to-fan ticket resale feature now available in UAE, Saudi Arabia, Qatar, Bahrain, and Oman.
This ethical resale option is a significant leap forward, addressing the long-standing issues of inflated prices and ticket fraud in the secondary market while providing a secure platform for genuine fans to buy and sell tickets.
Why Ethical Resale Matters
The secondary ticketing market has often been plagued by inflated prices, with tickets for high-demand events being sold for exorbitant amounts—sometimes exceeding 300% of the face value.
In contrast, our resale system ensures fairness, with internal data showing that 70% of tickets are resold at face value, and the remaining 30% at an average markup of just 45%.
For event organizers, this approach helps safeguard their reputation, ensuring that tickets remain accessible to genuine fans and avoiding the negative publicity associated with overpriced resale tickets.
How the Feature Works
Platinumlist’s ethical resale option integrates seamlessly into its app and leverages the Safe Tickets QR code system, which refreshes continuously to prevent fraud and ensure ticket validity.
Here’s how it benefits both buyers and sellers.
- For Sellers:Ticket holders can easily list their tickets for resale through our user-friendly interface. They have the flexibility to adjust pricing, modify listings, or explore different resale options.
- For Buyers:Fans who missed out on the initial sale can purchase tickets directly from other users, enjoying peace of mind thanks to Platinumlist’s secure platform.
This streamlined process not only addresses the logistical challenges of last-minute ticket exchanges but also promotes a fairer and more reliable marketplace.
Transforming the Secondary Market
Over the past three months of testing, our platform recorded a 600% increase in user engagement with the resale feature.
By making the resale process secure and fair, our ethical resale feature is transforming a traditionally problematic aspect of the event industry into a win-win scenario for organizers, artists, and attendees alike.
In addition to its benefits for fans, Platinumlist’s resale feature is an asset for event organizers. It helps ensure that tickets reach genuine fans, improving overall satisfaction and reducing the negative impact of scalping on an artist’s or event’s reputation.
As CEO Cosmin Ivan states:
“Platinumlist provides a secure platform that empowers users to resell tickets at the last minute when plans change, connecting them with genuine fans and making previously inaccessible tickets much more affordable. It’s enriching to develop a product that brings value to everyone involved—the organizer, the attendee, and the artist.”
Explore this groundbreaking feature and discover how it can enhance your event today.
Ready to host your next event? Get started with Platinumlist.
