Ticket redistribution system
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
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May 23, 2000
Issued Date -
N/A
app pub date -
Jul 14, 1998
filing date -
Jul 14, 1998
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
The present invention includes a reliable and efficient method for redistributing, purchasing or selling tickets on the secondary market. The system generally includes a method for accepting tickets from individual sellers, posting the tickets on a central database for redistribution, establishing a market price based on demand and/or a service fee (this feature may not be available in certain states due to resale restrictions or at certain arenas due to prior agreements) and redistributing the tickets to new buyers. The system allows sellers to reach a wider market and also gives more individuals an opportunity to conveniently purchase tickets to events at a reasonable price. Individual buyers are not forced to deal directly with brokers, scalpers or other types of sellers, and thus, are substantially protected from fraud. To protect the buyer, the present invention verifies all tickets posted on the database and, to protect the seller, verifies the buyer's credit card and guarantees payment to the seller.
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