The New York Ticket Reseller Bond is required by the New York Department of Consumer Affairs for all ticket resellers. A ticket reseller is any person, firm or corporation who resells or engages in the business of reselling tickets to a place of entertainment or who operates an internet website or any other electronic service that provides a mechanism for two or more parties to participate in a resale transaction or that facilitates resale transactions by means of an auction, or who owns, conducts or maintains any office, branch office, bureau, agency or sub agency for such business. All who wish to be in this business must be licensed. In order to be licensed, applicants must submit an application and pay the fee. Along with that, they must also submit a $25,000 surety bond, with the Power of Attorney attached to it. This bond must be issued by a surety company licensed to do business in the state.
What is the purpose of a New York Ticket Reseller Bond?
The bond states that the bondholder shall pay for any Ordered Tickets on or before the Monday following the exhibition or performance that had been canceled. The surety bond assures the state that the ticket reseller will comply with all the state rules and regulations.
How do I obtain a New York Ticket Reseller Bond?
Complete our easy to navigate online application. Within one business day, one of our licensed agents will contact you with a no-obligation quote for your bond (the “premium”). Once any necessary paperwork is signed and the premium payment is processed, your surety bond will be shipped to you via USPS Priority Mail (overnight shipping options also available).
The surety bond experts at Surety1 are here to help you get bonded quickly and reliably. We work with over a dozen “A” rated surety markets to ensure we find you the lowest rate for your bond. We are also licensed in all 50 states and maintain an A+ rating by the Better Business Bureau.