CashorTrade is a fan-to-fan face-value ticket-reselling market created in 2009 by brothers Brando and Dusty Rich based in Burlington, Vermont.[1] As of November 2017[update], the platform had users from 20 countries and had processed over half a million transactions.[2] The platform offers an optional gold membership which provides early notice of available tickets for an annual fee.[3]
Overview
editCashorTrade does not allow ticket-scalping (reselling tickets above the original price). The marketplace is user-policed; tickets sold above face value are flagged and removed. CashorTrade works with many artists and non-profits dedicated to keeping resale tickets at face value, including Twiddle, Greensky Bluegrass, Billy Strings, The Osiris Podcast Network, The Waterwheel Foundation and Phish.[4][5]
History
editThe service began as a tent in the Phish parking lot outside shows in 2009. The Rich brothers began creating an online interface for the platform; the app is now available for both iPhone and Android users.[citation needed]
In June 2019, CashorTrade launched an escrow service, providing a money-back guarantee on all purchases.[6][7]
References
edit- ↑ DeFilippo, Chuck (13 June 2019). "Exclusive: CashorTrade Rejuvenates Music Community at Face-Value". NYS Music. Retrieved 8 May 2020.
- ↑ Weathers, Taraleigh (2 November 2017). "How a Vermont Tech Startup is Disrupting the Concert-Going Experience as we Know It". Huffington Post. Retrieved 8 May 2020.
- ↑ Hallenbeck, Brent (June 29, 2018). "Burlington site aims to make buying tickets fairer, take a bite out of StubHub". Burlington Free Press.
- ↑ "Face Value Tickets for Cash or Trade".
- ↑ "How Cashortrade Moved 50K Phish Tix at Face Value". www.pollstar.com. 19 December 2017. Retrieved 2020-05-08.
- ↑ "CashOrTrade's Brando Rich Appears On Under The Scales & Launches Trader's Protection". JamBase. June 18, 2019.
- ↑ "Cash Or Trade Launches New Escrow Service". Mirth Films. 20 June 2019.