Understanding the TMCanada Resale Charge on Credit Cards

Understanding the TMCanada Resale Charge on Credit Cards
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Credit Cards Nov 10, 2024 3 min read
Understanding the TMCanada Resale Charge on Credit Cards

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The TMCanada Resale charge on your credit card statement is a transaction that was made through the Ticketmaster Resale site.

This site allows ticket holders to resell their event tickets if they are no longer going to attend the show.

If you see this charge on your statement, it usually means that the card was used to purchase tickets through Ticketmaster Canada’s resale site.

Reasons for TMCanada Resale Charge on Credit Card?

While there are several reasons for seeing the TMCanada Resale Charge on your statement, the most obvious one is purchasing event tickets through the TMCanada resale site.

Other possible charges could be labelled as a TMCanada resale charge.

Some of these include any subscription services with Ticketmaster, any transaction fees, or even purchasing a piece of merchandise from TMCanada.

Is TMCanada Resale Charge Legitimate?

Yes, the TMCanada resale charge is a legitimate charge that usually indicates that you or another cardholder has purchased through the TMCanada resale site.

The charge is legitimate in that somebody used the credit card to purchase something from Ticketmaster.

What to do if you don’t recognize the TM Canada Resale Charge?

The first thing you will want to do is review your statement and look for any other suspicious transactions.

Given that TMCanada sells event tickets and memorabilia, there is a good chance that you will remember if you bought something from its site.

If you still do not recognize the transaction then it is time to get your credit card provider involved.

There isn’t much that Ticketmaster can do for you as they just accepted and processed the transaction.

You will need to reach out to your card provider, generally the bank who issued your card.

Once you get into contact with your bank or card provider they will begin their own investigation into the charge.

If it is deemed that the TMCanada Resale charge was fraudulently charged to your card, they will remove the charge.

They should also cancel that card and issue a new one to you immediately.

Did You Know?

Every year, Ticketmaster sells over 500 million tickets to events that are taking place around the world.

What is TMCanada?

TMCanada stands for Ticketmaster Canada which is the largest event ticket site in the country.

Ticketmaster is owned by Live Nation which is a publicly traded company on the New York Stock Exchange under the ticker symbol NYSE: LYV.

Ticketmaster Canada sells tickets to shows that are taking place around the world to Canadian customers.

It does have a resale site where ticket holders can sell their tickets to other people who are interested in attending.

The official fan-to-fan marketplace for reselling tickets is called TicketExchange.

All tickets on TicketExchange are verified by Ticketmaster.

This site primarily allows fans to buy and sell tickets for sporting events.

These sporting events include games for the NHL, NFL, NBA, MLB, and NCAA College Sports, among others.

Frequently Asked Questions

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Is TMCanada the same as Ticketmaster?

No, Ticketmaster is the company and platform that sells tickets to events. TMCanada is the phrasing of the credit card charge when you purchase from the TMCanada resale site. Ticketmaster has Canadian operations but usually does not refer to itself as TMCanada.

Why is TMCanada charging me if I didn’t make a purchase?

There is a chance that your credit card has been compromised and is now being used to make purchases. If you do not recognize the TMCanada transactions on your statement, then immediately get in touch with your card provider or bank.

Why did I get a TMCanada charge after selling my tickets online?

Usually, this is a resale fee that Ticketmaster can charge you for using its resale marketplace site. This resale fee can vary depending on the cost of the tickets.

Contributors

Baggio Ma
AUTHOR

Baggio Ma

Baggio has been investing for nearly a decade, using the perspectives gained from his work experience in the private, public, and non-profit sectors to shape his investment outlook. He has a specific interest in the potential of emerging disruptive technologies and their impact on the future.

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