Buy sports, concert and theater tickets
Ticketbis is an online platform where users can buy and sell tickets to events. Founded in Spain in 2009 by Ander Michelena and Jon Uriarte, the company operates under the secondary ticketing market (or ticket resale market) alongside several others including industry giant StubHub. Ticketbis is currently present in 31 countries.
Ticketbis works as an intermediate between individuals who want to resell or buy tickets to music, sports, theatre and cultural events. The seller determines the price of the tickets. Like the majority of secondary ticketing platforms, Ticketbis charges a commission from each party involved in the exchange.
After the buyer purchases the tickets, the seller must send them out before the event. Tickets are sent to Ticketbis who is in charge of delivering them to the seller. If buyers do not receive their tickets in time for the event, Ticketbis must refund the amount paid.
Ticketbis connects buyers to sellers, where the ticket price is set freely by the seller. In exchange for a percentage of commission from each party involved, Ticketbis ensures that the transaction is done safely and correctly.
The Ticketbis platform is especially relevant for football matches, because they act as an intermediary between those who bought tickets but could not attend that particular match and those who are looking for tickets to attend the match, despite it being illegal to resell football tickets in the UK.
They have also stated that the Ticketbis business model works in alignment with the sharing economy or collaborative consumption market model, which is also used by other startups such as bookcrossing, couchsurfing, Bluemove and Airbnb.
Source Wikipedia: Ticketbis
