Ticket scalping, also known as ticket resale, is done to profit from the resale of a tickets at higher-than-face-value pricing. The legality of ticket resale varies from state to state. Both North Carolina and South Carolina have laws limiting ticket resale.
A simple definition of ticket scalping is the sale of a ticket over the face price of a ticket to an event due to the law of supply and demand. According to the W.C. Carrey School, ticket scalping has been present since the times of ancient Rome. Some see scalping as an evil, while others view it as a simple form of capitalism.
The South Carolina annotated code states that when an individual sells a ticket in the secondary ticket market, he may not charge more than $1 above the original price. This rule does not apply to tickets sold in a permitted location or on the Internet. These exceptions may sell tickets at more than $1 they offer a refund if the event is canceled or the buyer is denied admission to the event.
North Carolina allows the resale of tickets at a maximum of $3 above face value. An exception to this rule is Internet sales, where a ticket may be sold over the Internet for any amount as long as guarantees are made. The venue where the event will be held may make a policy to not allow the sale of tickets at or above face value, and resellers must follow that policy.
- red ticket image by Rick Sargeant from Fotolia.com