CashorTrade is a social network platform that facilitates the buying, selling, and trading of event tickets at face value, utilizing a secure escrow service called Trader's Protection™ to ensure transaction safety. This platform directly addresses the issue of ticket scalping by connecting genuine fans, allowing them to engage in fair transactions without inflated prices.
Funding
$1.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The secondary ticket market is often plagued by inflated prices due to scalpers and resellers, making it difficult for genuine fans to access events at fair prices. Existing platforms may lack secure transaction methods, increasing the risk of fraud and invalid tickets.
Solution
CashorTrade is a social networking platform designed to facilitate the ethical buying, selling, and trading of event tickets at face value, directly connecting fans and eliminating ticket scalping. The platform ensures secure transactions through its Trader's Protection™ escrow service, which holds payments until the buyer confirms ticket receipt and validity. Users can create ticket alerts to find specific events and receive notifications when tickets matching their criteria become available. CashorTrade also supports ticket trading, allowing users to exchange tickets for different events or quantities, maintaining fair value through cash difference options.
Target Audience
The primary target audience includes music enthusiasts, concert-goers, and event attendees seeking a secure and fair platform to buy, sell, or trade tickets at face value, avoiding inflated prices and scalpers.
Features
- Secure transactions via Trader's Protection™ escrow service, ensuring funds are held until the buyer confirms ticket validity.
- Ticket alerts that notify users when tickets matching their preferences are listed.
- Social networking features that connect fans directly, fostering a community-driven marketplace.
- Fair trade policy that promotes equal value exchanges in ticket trades.
- Mobile apps for iOS and Android that enable users to buy, sell, and trade tickets on the go.
- Gold Membership option that provides benefits such as reduced platform fees.
- Integrated streaming platform that allows artists to showcase their music to over 500,000 fans.