OT - Stubhub Gift Card Sale
I saw this on Slickdeals and figured that I should post it since a lot of people are probably planning on getting their tickets this year on Stubhub. It's a $100 gift card for $85.
http://slickdeals.net/f/7019532-100-stubhub-gift-card-for-just-85?v=1&src=tdw
and thanks for sharing! Plan to take my 8-year old son to his first game this year - this will help immensely!
Boliver's child 12:28 3rd Quarter:
if u buy 2, then you get $22.10 in ebay bucks too. so that's an added bonus.
...they make that back by hiking up the prices on the next Tigers home series, I'm sure. /s
stubhub is just an intermediary. they make transaction fees (15% on the seller and 10% on the buyer) and they do not directly profit on the increase in secondary market resale values... i.e., similar to a real estate broker.
How is a percentage of a higher price not a direct profit from the higher price? I'm not saying they set the prices, but I don't understand what you mean by "direct profit".
They absolutely directly profit from higher prices - they're getting a fixed percentage. i've also always believed they were at least somewhat complicit in keeping asking prices high...how exactly I don't know but there's very littele price elasticity in the face of weak demand. Maybe everyone listing is just super-optimistic but I suspect otherwise.