As of late, shopping for a live performance ticket is not so simple as paying for what you get. There are often processing charges and different imprecise costs added in to rocket up the worth of experiencing stay music.
Whereas a big a part of these costs may very well be as a consequence of ticket firms attempting to bounce again from the huge hit of live performance goers requiring refunds in the course of the pandemic, many suppose the businesses do it merely “as a result of they’ll” – together with present US President Joe Biden.
Biden has set his sights on attempting to demolish these added costs, which he calls “junk charges”.
Throughout his speech on October 26, The President introduced that he had requested his Competitors Council to tackle “the unfair hidden charges referred to as ‘junk charges; which are taking actual cash — actual cash out of your pockets — actual cash out of the pockets of American households.”
On high of live performance processing costs, another examples embody shock banking overdraft charges, extreme bank card late charges, hidden lodge reserving charges, and termination costs to cease shoppers from switching cable and Web plans.
Because the President explains, these are “shock costs that firms sneak into payments as a result of they’ll.”
Yesterday, on November 3, Biden revisited his plan in a tweet, with a heavier deal with the difficulty of pointless live performance costs. He wrote: “I do know hidden junk charges – like processing charges on live performance tickets – are a ache,” the President wrote. “They’re unfair, misleading, and add up. That’s why, final week, I referred to as on my Administration to crack down on these charges and put that cash again in your pocket.”
Earlier this 12 months, conversations surrounding excessive ticket costs hit headlines when Bruce Springsteen’s staff got here underneath hearth because of the whopping worth of his live performance tickets, with the best complete tallying as much as an enormous $5000, courtesy of Ticketmaster’s “dynamic pricing” scheme.
I do know hidden junk charges – like processing charges on live performance tickets – are a ache.They’re unfair, misleading, and add up.That’s why, final week, I referred to as on my Administration to crack down on these charges and put that cash again in your pocket.November 3, 2022