#None #New York #FTC #TickPick #all-in pricing

TickPick Celebrates FTC's New All-In Ticket Pricing Rule

In a significant stride towards transparency in the ticketing industry, TickPick, a modern ticket marketplace, has expressed its enthusiasm over the Federal Trade Commission’s (FTC) new rule mandating all ticket marketplaces to display complete pricing upfront. This rule effectively eliminates hidden fees that consumers have often encountered when purchasing tickets. Since its establishment in 2011, TickPick has championed all-in pricing, making it the first major platform to adopt this practice, thereby paving the way for transparency in ticket sales.

The FTC's rule, which addresses key consumer issues, requires that all primary and secondary ticket platforms disclose the total price upfront, inclusive of any known fees or charges. This new regulation aims to protect consumers from the often ambiguous and misleading costs associated with ticket purchases, fostering an environment of trust, a value that TickPick has prioritized since its inception.

Brett Goldberg, Co-CEO and Co-Founder of TickPick, highlighted the importance of this regulation, stating, “We didn’t just wait for this change, we fought for it. We know how damaging hidden fees are for fans and the industry. Our advocacy has spanned over a decade, diligently working with lawmakers and expressing our views to regulators to achieve this moment.”

TickPick has consistently advocated for transparent pricing, offering a straightforward and trustworthy purchasing experience that allows customers to see the full cost of tickets right from the start. This principle is crucial in ensuring that consumers can make informed decisions without the shock of hidden fees during the checkout process.

Moreover, the company has also expressed its full support for the FTC’s efforts to combat speculative ticket listings. They believe that these misleading practices undermine consumer trust and have called for stricter measures to ensure that every ticket listed for purchase is genuinely available to the customer.

The new regulation not only serves to ensure consumers are aware of the total price they’ll pay for tickets but also prohibits speculative listings. This means every ticket offered must be in the seller's possession at the time of the listing, further protecting buyers from deceitful practices.

TickPick has already saved consumers over $180 million in service fees since its establishment, reflecting its commitment to providing better value. With their Best Price Guarantee, they ensure that customers won’t find better prices elsewhere, reinforcing their mission of 'No Fees. More Savings.'

As the ticketing industry continues to evolve, TickPick stands at the forefront of these changes, proud to have advocated so passionately for consumer rights in this sector. The company welcomes this new FTC rule not just as a victory for themselves but for all fans who have been negatively impacted by obscure pricing practices.

In conclusion, TickPick believes that this shift will lead to a more accountable and user-friendly ticket marketplace, improving the overall experience for event-goers. Their journey toward transparency underscores an essential commitment to consumer advocacy and reform, promising a brighter future in event ticketing.