Introduction to Ticket Sales and Reselling
The landscape of ticket sales has significantly evolved with platforms like TickPick, which positions itself as a site offering tickets for sale with no hidden fees to attract buyers. However, the emergence of decentralized ticketing platforms like Cheers Finance takes this evolution offered by the Tickpick app further, providing event organizers and ticket buyers with unmatched control, transparency, and financial benefits. At face value, Cheers Finance offers the best deal for any event host looking to offer tickets for sale to their event easily, with no centralized processes driving up the price, and with no unnecessary information like KYC required to purchase your tickets.
Understanding TickPick and Traditional Ticket Platforms
Overview of TickPick
TickPick is a popular platform for purchasing concert tickets, theater tickets, and event tickets for various types of live events. Known for its “no hidden fees” approach, TickPick appeals to ticket buyers who worry about additional costs often hidden by other resale sites like StubHub. It provides buyers with a transparent pricing model but still charges ticket sellers around a 10-15% seller fee on their event listings. This isn’t the best value for an event host’s money when looking to offer tickets for sale, whether they are looking to offer a seat to the next country music concert, or listings for fast approaching or in demand EDM and pop music concerts.
The platform is user-friendly, allowing sellers to quickly update their ticket listings, manage inventory as tickets are sold, and track sales processes efficiently through an intuitive app. However, despite offering no buyer fees, ticket sellers often face substantial commission fees, cutting into their profits. They offer BuyerTrust Guarantee, but some users have complained it is not always adequate coverage to protect buyers when interacting with listings on the app.
Common Limitations and Fees
Traditional ticket platforms such as StubHub and TickPick typically have hidden fees that significantly impact event organizers’ bottom lines. TickPick charges around a 10% seller fee on all listings, which can affect the money earned by event organizers. Additionally, traditional platforms can control event listing visibility, pricing, and the entire sales process, leaving event organizers with less autonomy and flexibility to deliver and create effectively for their attendees.
Ticket sellers frequently worry about quickly approaching deadlines, unsold inventory, and competition from resellers. It is a valid concern when you have maximum expectation but are unable to exercise the same level of control. Another common issue involves fraudulent tickets, as traditional systems often lack robust mechanisms to verify ticket authenticity, leading to buyers purchasing invalid or duplicate tickets.
Why Cheers Finance Offers a Superior Alternative
Decentralized and Permissionless Ticketing
Cheers Finance is a decentralized and permissionless ticketing platform powered by blockchain technology, enabling event organizers and attendees to sell tickets securely and transparently. Unlike TickPick or StubHub, Cheers eliminates middlemen, providing direct interaction between ticket sellers and buyers, significantly reducing associated fees.
Fees and Transparency
With Cheers Finance, ticket buyers pay zero additional fees except minimal blockchain gas fees required to execute transactions. Event organizers only incur a minimal, transparent 5% fee upon withdrawal of funds post-event, and can log the entire process, with verifiable data on the blockchain. This contrasts significantly with traditional platforms like TickPick, where fees are often hidden or inflated, causing both sellers and buyers to leave money on the table.
Comparing Cheers Finance with TickPick
| Feature | Cheers Finance | TickPick |
|---|---|---|
| Buyer Fees | None (only blockchain gas fees) | No buyer fees |
| Seller Fees | 5% upon withdrawal | 10%-15% per ticket sold |
| Transparency | Full transparency via blockchain | Limited transparency in backend processes |
| Fraud Protection | Verifiable authenticity on-chain | Risk of counterfeit and invalid tickets |
| Seller Control | Full control of ticket sales and resale terms | Limited seller control |
| Payment Method | Crypto (USDC, ETH), Load Wallet from Platform with debit or credit card | Traditional payment gateways (bank transfers, credit cards) |
Enhanced Benefits for Event Organizers with Cheers Finance
Cheers Finance is able to provide event organizers with advanced control over their ticket sales processes. Sellers can set ticket resale rules directly in smart contracts, enabling automatic royalty payments from secondary market sales. Cheers may establish its own resale market for tickets purchased on the platform, however, out of the box, NFTs issued by Cheers Finance may be transferred to other wallets freely on the blockchain upon conditions set between buyer and seller. This encourages fair pricing and curtails ticket scalping, a frequent issue on traditional ticket resale sites like TickPick or StubHub. It is only a matter of time before we are ready to see the emergency of a new player in the secondary ticket market.
Cheers’ decentralized model empowers event organizers to manage event listings effectively, update ticket prices quickly, and deliver tickets seamlessly to buyers’ digital wallets. Unlike traditional ticketing systems, Cheers Finance ensures every transaction and ticket ownership transfer is visible, secure, and immutable. You can reach customers around the world, and even log the entire experience, creating listings for your tickets for sale and receiving your proceeds easily with no unnecessary information needed, as there is no KYC (know your customer) asked or required. We make it easy to sell tickets to your audience, and your personal information is not required or leveraged for profit. There is no chance for Cheers finance to run off with your data, as we never collect your private information. This is provided all while being able to reach your audience with ticket listings at a fair price, and provide them tickets for sale not just around the country, but across the globe.
Enhanced Ticket Buying Experience
Cheers Finance enhances the ticket buying experience significantly. Buyers no longer need to download multiple apps or worry about invalid or counterfeit tickets. Each purchased ticket is an NFT stored securely in a buyer’s digital wallet, providing absolute proof of authenticity. Event attendees can effortlessly purchase tickets, manage their purchases, and resell tickets securely, all in one place. Event listings are easy to search and navigate, and setting up an account requires no KYC, just a private wallet loaded with ETH or Ethereum for gas, and USDC, a stablecoin pegged to the US dollar, for buying tickets.
Real-world Successes and Future Trends
Major brands like the NBA, VeeCon, and Sports Illustrated have demonstrated the practical and financial advantages of NFT ticketing, such as increased revenue from secondary sales and enhanced attendee experiences. As blockchain and Web3 technologies continue evolving, Cheers Finance is poised to become the premier choice for ticket sales, reshaping how event organizers and ticket buyers engage with live events. Cheers can provide event hosts control over their events and ticketing like never before, and attendees a chance to mint their experience on the blockchain forever.
Conclusion
Cheers Finance outperforms traditional platforms like TickPick by providing a decentralized, secure, and transparent ticketing ecosystem. Unlike Facebook, we don’t leverage your data or log your keystrokes. Your data is your own, and so are your events. This includes easy to use features, a platform you can learn and use in 5 minutes, and event goers can search your event any time around the world just as quickly. With fewer fees and complete control, of prices, listings, and more, and a robust fraud prevention system, Cheers Finance is the future of ticketing—efficient, profitable, and fair for everyone involved.