Ticket Reseller Bond

The New York Ticket Reseller Bond is a type of surety bond 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 get a New York Ticket Reseller Bond?

At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:

1. Complete the easy to navigate and secure online application. ¹
2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the New York Ticket Reseller Bond will be shipped to the bond applicant.
^{1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.} 

Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.