The tickets-selling on Seatgeek is a great way to make money, but one of the biggest questions sellers have is, when does Seatgeek pay you? Knowing how Seatgeek payouts work, how long it takes, and what payout methods are available is crucial for a smooth selling experience.
In this blog post, we will cover the Seatgeek payout time to how to update your Seatgeek payout method so you can get paid quickly and efficiently.
What Is a Payout Method?
A payout method is the way you will receive money after selling your tickets. Currently, Seatgeek only supports bank transfers for payouts. Here are the key things you need to know about the Seatgeek payout methods:
- Seatgeek only supports payouts to United States bank accounts (excluding U.S. territories) and Canadian bank accounts.
- The bank account must be owned by the Seatgeek account holder.
- Some U.S. and Canadian bank accounts may not be supported, so you’ll need to ensure your account is eligible.
How to Add a Payout Method on Seatgeek
If you are selling tickets on Seatgeek for the first time, you willi need to add a payout method. Here’s how you can do it:
- Log in to your Seatgeek account and go to Seatgeek.com/account.
- Click on “Payments & Shipping”.
- Select the “Payout” tab.
- Click “Add Payout Method”.
- Enter your bank account information and follow the prompts to complete the setup.
Once your payout method is added, Seatgeek will use this bank account to deposit your earnings whenever you sell tickets.
How Many Payout Methods Can You Add?
Right now, Seatgeek only allows one payout method per account. However, you can edit or change your payout method anytime through your Account Settings.
Can You Change Your Payout Method?
Yes, you can change your payout method at any time. However, keep in mind that any pending payouts will be sent to the Seatgeek payout method that was active at the time of the transaction. If you update your payout method after a payout has already been processed, the money will still go to your old bank account.
How Long Does It Take Seatgeek to Payout?
One of the most common questions from sellers is, “How long does it take Seatgeek to payout?” Here’s what you need to know:
- Payouts are sent after the event has ended (not after the ticket is sold).
- Once the event is over, Seatgeek processes your payout within 5 business days.
- The funds will appear in your bank account within 5 business days after Seatgeek releases the payment.
So, if you sell tickets for an event that happens on a Saturday, your payout will be sent out after the event, and it could take until the following Friday for the money to appear in your bank account.
However, if you need assistance, you can call the Seatgeek Customer Service number to speak with an expert representative.
Why Do Seatgeek Payouts Take So Long?
Seatgeek waits until after the event to issue payouts to protect against ticket fraud, cancellations, or other potential issues. While this might be frustrating, it is a security measure that ensures transactions run smoothly for both buyers and sellers.
Why Was Your Seatgeek Payout Different Than Expected?
If you received a different payout amount than expected, there are a few possible reasons:
- If you sold multiple tickets for different events that ended around the same time, your payouts might have been combined into one deposit.
- Seatgeek deducts a selling fee (which varies) before issuing your payout.
- Sometimes, your bank might take longer to process deposits, which could cause discrepancies in the timing of payouts.
If you believe there’s an issue with your payout, you can always check your transaction history in your Payments & Shipping tab or reach out to Seatgeek support.
What to Do If You Entered the Wrong Bank Information?
Mistakes happen, and if you entered incorrect bank details for your Seatgeek payout method, don’t panic! Here’s what you need to do:
- Go to your Payments & Shipping page and update your bank account details.
- Once updated, Seatgeek will automatically reprocess your payout within 24 hours.
- Even after reprocessing, your funds might still take up to 5 business days to appear in your new bank account.
To avoid payout delays, always double-check your bank account details before submitting them.
Wrapping Up
Knowing Seatgeek payouts is essential if you are selling tickets on the platform. Here’s a quick recap:
- Payouts are only sent via bank transfer (no PayPal or Venmo).
- You will be paid after the event ends, not after the ticket is sold.
- It takes up to 5 business days for the money to appear in your account after Seatgeek processes the payment.
- You can only have one payout method, but you can edit it anytime.
- If you enter the wrong bank details, update them ASAP, and your payout will be reprocessed within 24 hours.
Now that you know how Seatgeek payouts work, you can sell your tickets confidently and get paid without any confusion! However, if Seatgeek fails to resolve your issue, you can contact TicketPermit via phone or email for further assistance.
FAQs
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- Can I get paid via PayPal or Venmo instead of a bank account?
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No, Seatgeek only supports direct deposits to bank accounts. Other payment methods like PayPal, Venmo, or checks are not available.
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- What happens if my payout is delayed?
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If your payout hasn’t arrived within 5 business days after the event, check your bank details in your Payments & Shipping settings. If everything is correct, contact Seatgeek Support for assistance.
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- Can I get paid before the event takes place?
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No, payouts are only processed after the event ends. There’s no way to receive your funds before then.
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- Can I use a business bank account for payouts?
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Seatgeek requires that the bank account matches the Seatgeek account owner’s name. If your business account meets this requirement, you should be able to use it.
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- Why did I not receive my full payout?
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Seatgeek deducts a selling fee from each sale, which affects the final amount you receive. Additionally, multiple sales might be grouped into one payout.
