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So what is the consequence? They survive on legal loopholes which have never been closed. Sorry, I did not mean to start a rant. Did you find it helpful? Following the U.S Supreme Courts decision inSouth Dakota v. Wayfair, the sales tax landscape continues to shift in jurisdictions across the country. your expected payout if the tickets sell in the 'Listings' section. Yes, sellers can and should edit listings to include thePurchase Price Per Ticket. No. The booster fees/required donations stopped being considered a charitable donation about 4-5 years ago. For more information, please see our StubHub's fees help us create a safe, global ticket marketplace. Re: Why aren't selling fees shown anymore? I've seen several third-party references to StubHub charging sellers 15 percent, but their Selling FAQ section includes no info about fees (https://support.stubhub.com/en/support/solutions/folders/61000196683). These "donations" are required in order to be allowed to purchase the tickets. Here's how you can use DoNotPay to appeal fees: Search "appeal fees" on DoNotPay, choose the Fight and Waive Fees product, and select the type of fee you want to appeal. It's free to list tickets on StubHub! Privacy Policy. User Agreement, Privacy Notice and Cookie Notice. Payment Card and Third Party Network Transactions" 1099-K it's always been optional. Quick Summary: SeatGeek is the clear winner for best prices and selection versus StubHub, TicketLiquidator, Ticketmaster, and the other options listed below. Money Group, LLC Why does StubHub charge such an expensive service fee per - Quora You will enter your community username and new password and done! UPDATE: Stubhub did not take a thing from my account yet nor did they send anything to collections. Any sales tax associated with sales you make outside of the StubHub platform, or in states where StubHub is not collecting tax, are your responsibility. The Stubhub (and similar other) platforms should be shut down; permanently. Sorry we couldn't be helpful. Then click 'Export Payment Info' to download your sales and payment history to Excel. My concern is it went from $20,000 to $600 gross sales. At the time, StubHub boasted about the transparency of its all-in pricing: "On StubHub, youll see the final price right when you hit the site. Offers may be subject to change without notice. As a result, StubHub will begin the process of calculating, collecting and remitting sales tax from buyers for tickets purchased for events in relevant jurisdictions beginning on October 1, 2020. Opinions are our own, but compensation and in-depth research may determine where and how companies appear. You would then not be able to also deduct it as a fee for your ticket sales as that would be counting the donation twice. Use of this website signifies your agreement to our. On top of that price, Stubhub adds a "Buyer's fee" which fluctuates based on demand for the event and other factors. Vivid: $271 - $515. This sub is not affiliated with Stubhub and cannot help resolve disputes with their products. This is one of the StubHub fees for seller that you should be aware of. For example, if you made $5,000 USD in ticket sales and were charged 10% ($500 USD) in sell fees, StubHub will report $4,500 USD in gross payments. Does anyone know what program this might be? This includes providing accurate information regarding the previous amount that you paid for the ticket. StubHub charged me $840 cancellation fee. SeatGeek vs. Stubhub vs. ScoreBig vs. VividSeats - Fees & Comparison Sorry we couldn't be helpful. On both sites, as a seller you enter the "price" per ticket you want the ticket/s to sell for and it tells you how much you'll get back. How to Sell Tickets on StubHub: Important Things to Know Did you find it helpful? Expected payout if StubHub tickets sell : StubHub All rights reserved. Any semi-competent accountant is going to see it this way, as long as you explain it to them as that. So this is now a national federal law so no way to avoid it. For clarification it is not $600 in profits that gets you the 1099K, it is gross sales. Is there a way out of this. So is that income going to be reported, and will she get to reduce the "profit" on the cost, which would be zero? and our . Does that mean I will still get charged a fee? You will enter your community username and new password and done! Reddit, Inc. 2023. Pretty simple it shows how much "Seller fee" they are going to take. In California, they do not prosecute unless it is over $1,000. How about losses? Blaming/passing the buck to the IRS may not be the solution. You need to rant at your elected officials. It is the government wanting to make more money on taxes. I had tickets that sold on a different platform without me knowing. Customer service all the way to your seat, 2000-2022 StubHub. StubHub Pricing Calculator Enter Your Buyer's Price: Enter Your Price: Enter Your Payout: Buyer's Price: ? It used to be 10-15% plus a $1.50/ticket fee. I can understand a "professional scalper" who truly makes an actual "income" on the re-selling of event tickets, but for many of us it's just a means of breaking even. Nothing more will be added to your cost. Why don't they focus on all the stealing going on now? StubHub's fees to sell tickets Print. Expensive_Hunter_424 1 yr. ago. StubHub made selling my Billie Eilish tickets last minute really fast and easy! The reason for the reversal appears to be that all-in pricing, while seemingly . StubHub IRS 1099 obligation - StubHub Community By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. The reason for the reversal appears to be that all-in pricing, while seemingly more refreshing and less confusing, was a failure, bearing the blame for a major hit to sales at StubHub. What happens if I misstate myPurchase Price Per Ticket? That is what they are telling us. All Rights Reserved. And most online services didn't "out" their clients requiring them to report this income should they decided not to volunteer it. By clicking "TRY IT", I agree to receive newsletters and promotions from Money and its partners. I'm sure all accounts got an email that StubHub says it is required by "IRS regulations" to submit a 1099-K to the IRS on any members making over "$600 profit" on ticket sales for the year 2022. Your Payout: ? Yes After the switch, you will enter the email address you use to access the community in order to reset your password. All Rights Reserved. Or having more than one account in another name, a spouse, child, to distribute the sales income? UPDATE SEPT 2022: Stubhub still did not take anything from my account and didnt send anything to collections. Generally, the sales tax collected by StubHub on ticket sales should not impact your income taxes, and sales tax collected from buyers by StubHub will not be included on your IRS 1099-K Form. I am not a tax expert but I would beleive that booster fees are deducted as a charitble contribution. StubHub. Reddit, Inc. 2023. On the StubHub app: Tap 'Filter.' Under 'Popular Filters,' select the 'Show prices with estimated fees' toggle. About StubHub Portal Banner Expected payout if tickets sell Print When you list tickets on StubHub, you can see your expected payout if the tickets sell in the 'Listings' section. I would not expect things to ever get any easier in this area. Go to 'My tickets' then Listings Find the listing Your expected payout is under the price you set per ticket Was this answer helpful? StubHub's fees help us create a safe, global ticket marketplace. You'll be taken to StubHub to list your tickets for sale, and much of the info about your tickets will already be filled in for you. In fact, we can help you request fee waivers for any company. How much does the government need to nitpick? About StubHub Portal Banner Including fees when looking for tickets Print You can see the price per ticket including fees on the event page. Anyone here with StubHub selling experience? : r/Flipping - Reddit Reddit and its partners use cookies and similar technologies to provide you with a better experience. And telling everyone to have a local tax professional guess at the answer isn't a solution either. StubHub Seller Fees, StubHub Refund & Other Things - FoneTips Selling and Sold Tickets - FAQ - StubHub Community StubHub's ticket fees : StubHub This will allow StubHub to determine the amount of tax previously paid on the ticket and help us calculate any additional tax due. Exempt events will be treated as such when sold on StubHub. The sales tax landscape continues to evolve. So where on the StubHub platform can I print out the 1099? Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. The amounts they put on the tax forms they issue for sellers show the sales totals before fees and not the lower amounts actually paid out. 01. this link is to an external site that may or may not meet accessibility guidelines. I now have to keep all transactions and submit them for my taxes. You can do this by editing your listings directly on StubHub in your Profile, underListings. Putting my tax ID / SSN on Stubhub of all places seems incredibly risky. Follow this link for StubHub Seller Fees Calculator. This is a tax law that was shoe horned into the Reocvery Tax Act. Customer service all the way to your seat, 2000-2022 StubHub. As long as you deliver your tickets as promised and on time, this is the only StubHub fee you'll ever pay. Scan this QR code to download the app now. eBay, craigslist, etc., will also be affected, will garage sales be next? Your booster fee is a direct cost in terms of inventory acquisition. Following the U.S Supreme Courts decision in. Detailed Summary: SeatGeek Theyre now telling me i will be charged 100% of the ticket price! Your Price: ? Processing / Fulfillment Fee. If they don't care, they can just continue acting like it isn't their responsibility and then pretend to be surprised when sales are down due to people not selling tickets because of not knowing the tax impact. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 02. My daughter has season tickets to the Broncos and due to work often has to sell them. 7 calle 1, Suite 204 If you have a seller charge DO NOT send the tickets to the buyer, as the buyer has already been taken care of with either a refund or replacement tickets. Click for StubHub Seller Fees Calculator . I'm saying that if Stubhub cares about how much business they get, they'll get to work on getting the IRS to provide clarification on this issue. Do some sellers pay different commissions? Can I use my resale certificate on StubHub purchases? We are changing the way you register and sign-in to the StubHub Community. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Just sign in to your UNItix account, select the game and tickets you want to sell, and click 'Sell'. For example, if you sell a ticket for $100, you will pay a $15 seller fee to StubHub, and receive $85 as your net payment. I believe they've been hacked once in my time and I don't want that sensitive of information stolen. Overview of 2023 1099-K Regulations : StubHub I have had to add "ghost fees" in my bookkeeping software in order to show the true profits and losses for my sales. A lot of thoughts are flying through my mind. for an active listing as long as you do so before the listed ticket sells. Is StubHub legit? Do they have fees? Here's everything to know No. The NFL forbids selling for more than face value. The event isn't for months but I understand there are consequences for not fulfilling the promise of uploading the ticket on the date I agreed to. that's more than 100% of the listing. Other business taxes? If your listing doesnt include thePurchase Price Per Ticketfield in the sell flow, then StubHub is not collecting and remitting sales tax for that event. When they sell, we collect a sell fee. Tickets transferred but not picked up - got calls from Stubhub today? If this page has been useful, please show your love by donating below! Help us improve this article with your feedback. Sales tax FAQs : StubHub Including fees when looking for StubHub tickets : StubHub Lindsay is the author of this solution article. When you list tickets on StubHub, you can see. Privacy Policy. StubHub's fees to sell tickets : StubHub UK Follow the on-screen steps to set your price and choose how you want to be paid. In the case of audit, inaccurate information can shift responsibility from StubHub to the seller. Can I correct thePurchase Price Per Ticketfor a listing once Ive submitted it? What are StubHub's fees to sell tickets? : StubHub StubHub has been using fuzzy math in this area for years. Ticketmaster and StubHub fees are really bad, and they won't - Vox and our If Stubhub cares how much business they get, they'll help get an answer to this question for their customers. To get started, simply visit the website and find the perfect coupon, promo code or discount deals for you. field in the sell flow, then StubHub is not collecting and remitting sales tax for that event. StubHub and it's ticket resell affiliate (TicketMaster, et al) should form a lobby to fight this on not the behalf of their clients but the livelihood of their industry. Whatever reseller web site you use you they are required to issue a 1099K form if you hit $600 in Gross Sales. No fees paid, no tickets to sell. Are there events or event types that are exempt from sales tax? Tickets for certain events may be exempt from sales tax based on state and local tax laws. Your gross payments are the total StubHub sales for the year before deducting any seller fees (not including buyer fees or delivery charges). It's certainly been challenging over the years. While the requirement to provide the IRS a clients earnings in a "Payment Card and Third Party Network Transactions" 1099-K it's always been optional. For context I'm a full season ticket holder for my local MLB team and sell way more than $600 worth of tickets over the year. How does this impact my personal income taxes? StubHub Seller Cancellation Fee : r/stubhub - Reddit Service Fee. How Much Are StubHub Seller Fees: Detailed Explanation . Did you find it helpful? does the tax payer get credit for the original cost of the ticket they sold, as well as the fee charged by StubHub, that reduces the income to a net profit? Maybe. I don't feel like paying Stubhub's taxes for them. They sent me this statement after I sold two seats and one parking pass for $20 each. $2.95. How do I know if I paid sales tax on the ticket I want to resell? I don't see where this is an option. Reddit, Inc. 2023. Privacy Policy. Reddit, Inc. 2023. Stubhub Fees | The Truth About Buyer & Seller Fees | TickPick Delay in processing barcode then sale cancelled. We've compared Ticketmaster's vs StubHub's fees below: Ticketmaster. A number of jurisdictions have established laws that require marketplaces like StubHub to begin collecting and remitting sales tax. It's charged at ~15.3%. I'm not asking Stubhub to provide tax advice. 4. What if my listing doesnt have thePurchase Price Per Ticketfield in the sell flow? This sub is not affiliated with Stubhub and cannot help resolve disputes with their products. The site's 100% guarantee ensures that ticket buyers, "get valid tickets to any event or your money back.". And most online services didn't "out" their clients requiring them to report this income should they decided not to volunteer it. One of the biggest deciding factors when choosing between StubHub vs Ticketmaster are the fees buyers must pay to receive their tickets. and our UPDATE JULY 2023: Stubhub still didnt take anything or come after me with anything, Scan this QR code to download the app now. We have the answers to all of your questions about StubHub's fees, and as an added bonus, we'll show how to minimize the egregious service fees that StubHub charges. Yes, you can correct thePurchase Price Per Ticketfor an active listing as long as you do so before the listed ticket sells. Dorado, PR 00646, Metro Office Park Will it go to collections? What states will StubHub be collecting sales tax in? Lindsay is the author of this solution article. A place to discuss tactics and success stories of buying things for a low price and selling them for a higher one. Yes No Still Need Help? This seems excessive and shady, especially since I can't find any documentation of how they calculate their fees. Vivid Seats vs. StubHub - Which Ticket-Buying Platform is Better? - Alphr Stubhub also states that tickets must be delivered by 1 sale date + 1 business day, which I technically just did . Customers may say they crave greater price transparency, but their buying habits don't show it. Every year there's a new fee structure. StubHub: $128 - $155. When they sell, we collect a sell fee. If you purchased your ticket directly from a venue or primary ticketing company to a taxable event, and you did not utilize a valid resale certificate in that purchase, then you likely paid sales tax. Have a good day, everyone, and lock your doors. I didn't realize my ticket sold yesterday and I still had not uploaded the pdf by the date I agreed to (2 weeks ago) because I completely forgot and was completely stressed out at the time. Use of this website signifies your agreement to our. All rights reserved. Reddit and its partners use cookies and similar technologies to provide you with a better experience. We will automatically calculate sales tax for events in jurisdictions where StubHub is collecting and remitting. This is critical information because we need to report our income from sales to the IRS starting this tax year. Am I going to be taxed on the sell price or the amount of money I actually receive? In general, independent contractors (including resellers) should assume they owe taxes if they make $400 or more in profit in a given year. Sells Music & Sports Tickets. If so, how much? Then, you should log into the account. If you take as a charitable deduction then you might be able to include in your cost of tickets. Why did StubHub change this??? 1. For simplicity, we can consider an average of 12.5%. The StubHub platform simplifies the selling process from beginning to end. Opinions expressed on this site are the author's alone, not those of a third-party entity, and have not been reviewed, approved, or otherwise endorsed. Part 1: StubHub Sell Tickets: The Process In this article section, let's learn how to sell tickets on the StubHub platform. This may change over time depending on ticket supply and ticket marketing costs. It's free to list tickets on StubHub! As a result, StubHub will begin the process of calculating, collecting and remitting sales tax from buyers for tickets purchased for events in relevant jurisdictions beginning on October 1, 2020. There will be one key difference between the old fee pricing system and the new one, effective Tuesday: Visitors will be still be able to view "all-in" prices through a preferences menu. I find that simpler and more accurate. Ticketmaster vs StubHub in 2023: Fees, Refunds & More - Techboomers.com 3. Can I edit existing listings to include the original price paid? This year they reduced the fees on sellers but raised them on buyers. Scan this QR code to download the app now. As Bossfan points out check with a tax professional as Stubhub will not provide tax advice. You need to talk to your tax professional or figure it out yourself. https://money.com/stubhub-fees-all-in-ticket-prices/. While the requirement to provide the IRS a clients earnings in a " Payment Card and Third Party Network Transactions" 1099-K it's always been optional. Nothing more will be added to your cost. Sorry we couldn't be helpful. Learn more about how we make money. However, if I were a business (selling tickets) I would be able to deduct the purchase of said tickets. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. The move comes after a brief testing period in which StubHub randomly divided its customers into two groups, showing one group "all-in" prices and the other prices before checkout fees. Yes StubHub charges a fee when fans buy and sell tickets on our site There is no set percentage for fees, and fees can change based on ticket price, time to event, updated event information, and supply and demand Our fees and prices are competitive with other marketplaces As a reminder, it is your responsibility under our Seller Policies to provide full and accurate information about your tickets.