How Got Tickets Pays out
Simple Breakdown of the GotTickets Split Payment System (commision payout)
Promoter
-
Role: Main organizer of the event – handles planning, marketing, and operations.
-
Earnings: Receives the remaining amount after the sub-promoter fee and the platform fee are deducted from each ticket sold.
Sub-Promoter
-
Role: Helps sell tickets to their own audience.
-
Commission: Earns a flat fee per ticket sold (e.g., $15, set by the promoter).
GotTickets.online
-
Role: The ticketing platform that manages sales, payment processing, and customer support.
-
Fee: Charges a fixed $5 fee per ticket sold.
Stripe (Payment Processor)
-
Role: Securely processes all payments and automates payouts to promoters and sub-promoters.
-
Benefits:
-
Fast and automated payouts: Funds are automatically split and sent directly to each party.
-
Transparency: Promoters and sub-promoters can track their earnings in real time.
-
Security: Ensures all financial transactions are protected.
-
Ease of use: Simple setup and easy connection to a bank account.
-
Example of a $100 Ticket Sale
-
Total Ticket Price: $100
-
Sub-Promoter Gets: $15
-
GotTickets.online Takes: $5
-
Promoter Keeps: $80
Calculation:
$100 – $15 (Sub-Promoter) – $5 (Platform) = $80 (Promoter)
How the Money Flows
-
A customer purchases a ticket for $100 on GotTickets.online.
-
Stripe processes the payment securely.
-
GotTickets.online takes $5.
-
The sub-promoter receives $15.
-
The promoter receives the remaining $80.
Why This System Works
-
Promoter: Keeps most of the revenue and is motivated to host successful events.
-
Sub-Promoter: Earns guaranteed income per ticket, encouraging more outreach and sales.
-
GotTickets.online: Earns a consistent fee to maintain and grow the platform.
-
Stripe: Handles all payments efficiently, securely, and without manual payout management.
