Quick Answer
Yes, it is possible to sell tickets on Ticketmaster with a Canadian bank account. Ticketmaster allows sellers from Canada to list and sell tickets on their platform. As long as you have a valid Canadian bank account, you can receive payouts from Ticketmaster ticket sales deposited into your Canadian bank account.
Overview of Selling Tickets on Ticketmaster
Ticketmaster provides a platform for resellers to sell tickets to events in the secondary ticket market. Sellers can list ticket inventory for sale and buyers can purchase tickets directly through Ticketmaster.
Here is a quick overview of how selling tickets works on Ticketmaster:
- Create a Ticketmaster account – You need to create a Ticketmaster seller account and be approved to sell tickets. Accounts need to be verified with your identity, contact information, and payment details.
- List ticket inventory – Once approved as a seller, you can list your ticket inventory for upcoming events. You specify details like quantity of tickets, seating location, and price.
- Ticket sales process orders – When a buyer purchases your listed tickets, the sales are processed through Ticketmaster. They collect the payment from the buyer.
- Receive payouts – After the event date, Ticketmaster will pay out your proceeds minus their commission fees. Payouts are deposited into your connected bank account.
So in summary, Ticketmaster facilitates the marketplace connecting ticket buyers and resellers. As a seller, you handle listing your ticket inventory and Ticketmaster handles collecting payments, delivery of tickets to buyers, and paying you your proceeds.
Requirements for Selling Tickets as a Canadian Seller
In order to sell tickets as a Canadian seller on Ticketmaster and receive payouts, there are a few requirements:
Canadian Bank Account
You must have a valid Canadian bank account to connect to your Ticketmaster account. This bank account is where your payouts from ticket sales will be deposited. Transactions and payouts are made in Canadian dollars.
Accepted banks include major Canadian banking institutions such as:
- Royal Bank of Canada (RBC)
- Toronto-Dominion Bank (TD)
- Bank of Montreal (BMO)
- Scotiabank
- CIBC
- Tangerine
You will need to enter your Canadian bank account information and confirm the account during the Ticketmaster seller signup process.
Canadian Address
You must also have a Canadian address listed on your Ticketmaster seller account. This is used for tax purposes.
When you receive payouts, Ticketmaster may issue tax documents like 1099 forms to your Canadian address.
Canadian Seller Agreement
To officially register as a seller on Ticketmaster, you need to agree to their Terms of Use and Canadian Seller Agreement. This governs your use of their platform as a Canadian seller.
Review these terms closely to ensure you understand their policies, fees, payment processing, and other details for sellers. Agreeing confirms you will adhere to their rules and requirements.
Verifying and Maintaining a Ticketmaster Seller Account
In addition to the requirements above, there are some other important steps for getting verified and maintaining your seller account:
Complete Identity Verification
Ticketmaster requires sellers to complete an identity verification process to be approved to sell tickets.
This is required to help establish you are a legitimate seller and helps prevent fraud.
Be prepared to provide information like:
- Full legal name
- Date of birth
- Residential address
- Phone number
- Social insurance number
- Photo ID (like a driver’s license)
Ticketmaster uses this info to verify your identity before approving your account.
Maintain Updated Account Information
Make sure to keep your Ticketmaster seller account details up to date. This includes your:
- Contact information
- Bank account details
- Address
Promptly update anything that changes so you continue meeting seller requirements and can receive payout deposits.
Follow Ticketmaster Seller Policies
Always follow Ticketmaster’s Terms of Use and seller policies when listing tickets and conducting transactions. This helps avoid account suspension or other issues.
Important policies include:
- Accurately represent ticket details and event information
- Avoid listing speculative or unreliable ticket inventory
- Only request payment through Ticketmaster’s approved payment system
Carefully following their policies makes for a smooth selling experience.
The Ticket Selling and Payout Process on Ticketmaster
Here is a more detailed look at how the ticket selling process works on Ticketmaster and receiving payouts to your Canadian account:
1. List Tickets for Sale
As a seller, you can list ticket inventory for upcoming events in the Ticketmaster marketplace.
When listing a ticket, you will enter important details including:
- Event name, date, and venue
- Section, row, and seat numbers
- Quantity of tickets available
- Per ticket price
- Ticket delivery method (electronic or courier)
Providing clear, accurate listing details helps buyers purchase with confidence.
2. Buyer Purchases Ticket
When a buyer completes an order purchase for your listed tickets, the transaction is processed by Ticketmaster.
The buyer is charged for the ticket purchase price plus any service fees. You as the seller are not involved in the payment process.
3. Ticketmaster Facilitates Delivery
Depending on the delivery method for the tickets, Ticketmaster will either:
- Electronically deliver the tickets to the buyer
- Arrange physical ticket delivery through courier
Delivery is arranged directly between Ticketmaster and the buyer. The seller does not handle ticket fulfillment.
4. Event Occurs
On the day of the event, the buyer will use the tickets to gain entry per the normal process.
As the seller, your responsibility is fulfilled once Ticketmaster delivers the tickets to the buyer on your behalf. You do not need to physically collect or present the tickets.
5. Ticketmaster Sends Payout
After the event occurs, Ticketmaster will process issuing the payout to you the seller (minus their fees and commissions).
This payout amount is for the ticket sale price less:
- Ticketmaster commission – Typically around 5-20%
- Service fees – Charged to buyers on each ticket sold
- Delivery fees – If physical ticket delivery was used
For example, if you sold a ticket for $100, Ticketmaster may deduct $20 in fees and commissions. You would receive a $80 payout.
6. Payouts Deposited to Your Account
The payout will be deposited directly into your connected Canadian bank account on file. This allows you to conveniently receive earnings in your Canadian dollar bank account.
Deposits are usually made within 1-2 weeks after the event takes place. Verify with your bank when funds are received.
Tips for Canadian Sellers on Ticketmaster
Here are some helpful tips for having success selling tickets as a Canadian seller on Ticketmaster:
Understand Ticket Transfer Rules
Only sell and list tickets you fully own and have authority to transfer. Understand any ticket transfer restrictions before selling. This avoids issues.
Research Event Demand and Pricing Trends
Research prices and demand for the event tickets you want to sell. This helps set optimal ticket prices that will sell. Price competitively compared to other listings.
List Tickets Early
Don’t wait until the last minute before an event to list tickets. Listing with sufficient time before the event gives you the best chance of selling out your ticket inventory.
Choose Electronic Delivery
Using electronic ticket delivery (via Ticketmaster’s system) avoids the risk and fees of physical ticket shipment. This provides a smoother experience for both buyers and sellers.
Follow Tax Requirements
Stay up-to-date on any Canadian tax requirements for reporting your income from ticket resales. Keep accurate records of your sales activity and fees.
Conclusion
In summary, Ticketmaster allows and facilitates Canadian sellers to list event tickets for sale and receive payouts into Canadian bank accounts.
The key requirements are having:
- A valid Canadian bank account
- Canadian address
- Agreeing to their Canadian seller terms
By listing ticket inventory, letting Ticketmaster process orders and delivery, and receiving your payouts, you can conveniently sell tickets as a Canadian on their marketplace. Just make sure to follow their policies and keep your account in good standing.
With some effort and research, selling tickets through Ticketmaster can be a rewarding endeavor. The ability to receive your earnings in your Canadian bank account makes the payout process easy and straightforward.
