I am happy to see that such a good platform could be built. I have worked in the concert events and i know that the companies that sell for us the tickets tooks a big commission. Things has to be done and videhub could be a solution.
So, eventchain won't charge anything or very little? Still, not clear to me.
Yes, no processing fees on SmartTickets transactions. Tickets will be cheaper for fans and directly paid to artists or promoters!
Some say a little fee. Some say no fee. What's the reality?
I'm planning to implement EventChain somewhere but I'm confused about the fee.
No fees would be unrealistic, wouldn't it? The company/devs must be paid at one point of the game, the system has to run etc pp. Probably they will be cheaper then normal fees.
Addressing the confusion regarding fees, the misunderstanding is that fees will not be passed on to the customer. There is no reason a ticket buyer should pay a fee just to buy a ticket. However, if a marketplace wants to add fees and other added value like insurance or whatever then fees could be acceptable to buyers. As a rule though EventChain has no need to charge fees since we are the event hub, so promoters will pay us a fee to promote and deploy their events etc. This is the gist of the fees structure.
Ah thanks for the explanation! So you charge fees but these fees are coming from the event promoter/company. So every promoter will make his own fee structure on your service, but no other fees from your site for the customers, right? But if every promoter is making their own fee structure it still could go into expensive rates, couldn't it? Will there be a system intern fee cap?
We can't cap fees as the market decides if a ticket is worth buying. If the promoter overprices then they sell no tickets. So we will have different pricing mechanisms depending on the scale of the event etc. The simplest fee for us would be the price of a single ticket, the more complex contracts which require custom contracts might earn us a small percentage of ticket revenue.