How much will my New York ticket reseller license bond cost?
SuretyBonds.com offers ticket reseller license bonds in New York for different costs depending on each applicant’s individual credit history.
Even though this bond is subject to underwriting, our surety specialists will work hard to get you the best price possible for your unique credit situation. The bond amount required to be posted by each applicant must be in the penal sum of $25,000.
If you are interested in a NY ticket reseller license bond, complete our bond request form here and a surety specialist will contact you and deliver a free quote with no obligations.
|Bond Type||Bond Amount||Cost by Credit Score*|
|680 and up||679 - 600||599 or lower|
|Ticket Reseller License Bond||$25,000||Starts at $250||$1,000-$2,000||$2,500+||Apply Now|
If you’re ready to become bonded quickly, safely and accurately, call SuretyBonds.com at 1 (800) 308-4358 or click here to fill out an online bond request form now.
Why do I need this bond?
Being bonded means protecting people from any unjust business practices or fraud conducted by ticket resellers in the state of New York. This specific bond type assures that if consumers are wronged, they have a safeguard from unprofessional acts of business and can be compensated for any potential losses they may face. Unethical acts covered by this bond include, but are not limited to:
- failing to charge compensation for tickets
- charging unjustified and illegitimate fees for tickets
- failing to state the price on the actual ticket that the consumer is purchasing
- not including a disclosure of obstructed views for the event
- failing to maintain the appropriate records of sale
If the principal (ticket reseller) violates the terms of his or her bond agreement and a consumer is harmed as a result, the surety will pay for all damages up to the full bond amount. The principal will then be responsible for reimbursing the surety in a reasonable amount of time.
Contact SuretyBonds.com at 1 (800) 308-4358 or apply here to begin our simple bonding process today!
What’s the fine print?
This bond runs in full force and effect as long as the principal remains in compliance with all provisions listed on the bond form. If the surety or the principal decide to terminate the bond for any reason prior to its set date of expiration, a 90-day written notice must be submitted and filed with the obligee (Department of State). This bond will expire after one year. The signature of a notary public is required on the original bond form to act as a contractual acknowledgement between the surety, principal and obligee. The principal also must specify that he or she is a ticket reseller when filling out the bond form.
How to become a ticket reseller in New York
It is considered illegal to resell tickets for admission to events without having the proper license to do so. The following documents and components must be completed in full and submitted at the time of application:
- designated application form
- required processing and licensing fees
- a copy of a surety bond posted in the amount of $25,000
- any additional documentation requested in specific cases
Our experts are familiar with these licensing requirements and are prepared to answer any questions you may have concerning the conditions stated above. Please contact us today at 1 (800) 308-4358 and be on your way to becoming bonded! Or, fill out our quick and easy bond request form to get started.
Ready to get started?