If you’re tired of the extra fees added to you after buying event tickets, hotel stays, and airfare, you’re not alone.
Cinthya Lavin, BBB.org Vice President of Communications, says:
“ We always see complaints from consumers who are waiting to pay a certain amount and have a certain amount stored to pay for these shows. And when it comes to making the purchase and with all the added charges and fees, it ends up being double and even triple what they wanted to pay”.
These extra expenses really upset fans of singer Taylor Swift this year. And they are not the only ones showing their discontent on social networks.
This Drake fan was amazed that the ticket service fees were over a thousand dollars. GFX- A government study suggests that some ticketing sites and resale pages add an average of 27 percent and 31 percent to the ticket price respectively. President Biden met with representatives from various companies including Live Nation Entertainment, SeatGeek, and Airbnb. According to the White House, they all committed to disclosing the fees in advance.
GFX-Live Nation, which joined forces with Ticketmaster in 2010, says it will ensure that all tickets sold through Ticketmaster display a “clear total price.”
Ticketmaster will also be introducing a feature that allows consumers to see prices in advance for all other tickets sold on their site.
“It is very important because consumers, because they will know in advance how much they are going to pay in total, instead of knowing at the end when they see all the charges and added fees when buying tickets for concerts or shows,” he says. Cynthia.
The additional charges were one of the hottest topics on Capitol Hill in January when senators interviewed Live Nation.
“Fixing the problem of all these platforms to buy tickets, it will benefit consumers. When there is a show with high demand”.
And we’re not just talking about tickets to concerts and events. The White House says it is working to address so-called junk fees in all sectors of the economy…working with federal agencies to reduce bank overdraft fees and a proposal to reduce credit card late fees by a 75% The new rules would also require airlines to show the price of all additional costs such as baggage fees or in-flight Wi-Fi usage.
We contacted all of the companies mentioned in the White House announcement. Seat Geek calls it a step forward. Stubhub says he’s working closely with congress to pass legislation that enforces a uniform industry-wide standard, and Live Nation said it will debut an all-inclusive pricing option in September.
