If my memory serves me, I had eight tickets each in Atlanta, Dallas, and Seattle, 24 in total ($5,100). I broke even monetarily, but I earned 11,000 miles/points (my primary motivation).

I am sorry you had a bad experience. I am amazed that PFS believes that they can legitimately shift some on the risk to you.

Not sure how true this is. I bought 6 tix in Kansas City and 8 in Miami and I was paid the entire amount. TS added an extra show in Miami which isn't even close to selling out. From what I heard many people bought reseller tickets and are not getting paid the full amount for those.

Was PFS refusing to pay the full value of your tickets because you had purchased reseller tickets?

After six days with no response to my question, it is fairly safe to assume that the answer is “yes.”

Mybuyinggroup.com
 

Hi,

I'm not sure about the legal aspects and taxes, but I did have an experience with mybuyinggroup.com
You can setup your own group (it's location based).
Find a wholesale supplier and get wholesale prices and minimum orders.
Than add the information to the system.
Invite friends and family to place an order with you.
You can also setup weekly or monthly recurring group if you like.
Than all payment from group members go to you.
You pay the supplier.
Than get the shipping rates and add it to the system.
The system will than notify all group members regarding their share of the shipping.
Once they paid, you pay the shipping to the supplier and they ship the goods to you.

I used the mybiyinggroup.com system my self, we ordered 150 litter of organic cold pressed olive oil together and saved around 40% on retail.

The system is free to use but they do charge 5% on top on the product price.

I hope this helps everyone, especially with the cost of living going up so much.

Same thing happened to me... I am missing around $1500 of what I originally paid for the tickets.
They never specified we couldn't buy reseller tickets. I have never bought tickets for myself so I had no idea what that even meant, and they claim "it was my mistake for not realizing they didnt want reseller tickets".
Also they claim I'm basically the only one who ended up buying some reseller tickets, and if more people had also made the same mistake it would be understandable... lol

All tickets I bought were under $300 and followed every guideline they posted... so ridiculous.
So now I have to wait for them to try and sell the tickets and get 50% of whatever they get (if anything)... sharing the loss with us... that is SO DAMN WRONG. We should NOT be sharing risk with them, we dont make anything on the profit... especially if we followed 100% of the guidelines they required

PFS also announced, half way through the ticket buying process, that they would not be reimbursing customers for any “platinum” tickets (whatever those are) that the customers had purchased. This was a new policy that had not been announced prior to the initial ticket sales. You can’t change the rules in the middle of the game!

Fortunately, PFS did not enforce this new rule, and I was paid 100 percent of my ticket purchases (including eight “platinum” tickets), although I had to forego $600 in commissions that had been explicitly promised by PFS. I was happy to just escape without taking a loss.

Lesson learned.

I tried participating in the deal. The directions were clear not to buy reseller tickets. I wound up not able to because the only tickets left were from resellers. This was pretty obvious if one took time to look at the ticket options.

There was a lot of room for improvement on the way PFS handled this. But blaming them for not being clear on avoiding reseller tickets is not one of them.

I know of a couple of people that were able to get the tickets and were paid face value.

That is a good deal for not having any shipping of merchandise.

I'll make a point here to say that anyone doing buying groups have to be willing to take a loss.

This is not a risk free venture. I have lost only $80 in transaction costs. I have gained tons of stress to boot. But in the buying group chats, I have read of horror stories of lost orders that amount to hundreds and thousands of dollars. That's real money. This is real risk.

If you cannot stomach the stress of losing your money or waiting in limbo for being reimbursed, do not set foot into buying groups.

I'm still awaiting my iPhone payments north of $8,000.

But I've done enough to cover around $70,000 in the past few years for the right opportunities

There were NO explicit directions on not to buy reseller tickets... they even admitted that, and said that "I should have thought of it myself".
If you've never bought tickets like that before, plus you're in a HUGE RUSH because you think tickets will be gone in seconds (just like coins), then it's impossible to take time and think of what they SHOULD have asked for or WOULD like, instead of just focusing on the actual directions provided.

And I disagree that we should expect losses. I agree it unfortunately does happen (like in this case), but it should not. The ones assuming risk are them, not us. We are hired for a very specific job, with a very specific pay. We are not gambling, they are. There is no reason we should have high risk if we are not part of the high reward.

I'm not sure how you being stressed and overexcited about getting in on the deal absolves you from following directions. I saw the post on PFS website. It stated not to buy reseller tickets. My friends that got in on the deal also saw it.

There is always risks involved in buying groups. You're not comprehending the fact by participating, you are gambling. Why do you think you're 100% covered? Please point out to me any document that was signed by both parties stating your protections. You weren't hired for anything. You were offered to complete a transaction that have the odds heavily in their favor.

You literally are buying/fronting for someone who doesn't have an enforceable signed contract. You assume 100% of the risk until you're paid. The package can be stolen, the company can go out of business. Who do you think is going to make you whole? The credit card company? They'll find out you were trying to resell, and that claim is null and void. The shipping company? Good luck filing claims. If the buying group goes belly up, and they hold on to your items, what are you going to do?

Stay clear if you can't handle it, emotionally or financially. Go back to the bubble wrapped, consumer protected retail flipping, where you own what you buy and sell for yourself, and even there, you can get scammed. You have no real protection doing buying groups.

If you bought reseller tickets that's your own fault but I think it's still very shady that they changed the terms after they found out that the tickets weren't as profitable as they predicted. For buyers that fallowed all the rules and didn't buy reseller tickets and was expecting a commission but they turned around and just said no commission after the fact is pretty bad. I get there are risk involved in buying for them but this just makes them lose credibility and I would not want to continue buying for them.

The key point I make is that this endeavor isn't risk free. I have seen this hobby grow for the last 20+ years. The growth has been exponential due to social media. Deals that we used to discuss on FT are now blasted out into bloggers and other platforms. It attracts a bunch of people who, under more stringent efforts or less visibility, would not feel comfortable or aware of opportunities like this. It also increases the number of people who don't fully appreciate the risk, or presume there's no risk involved (like the previous poster l addressed).

I'm no apologist for buying groups. They're a useful tool in the arsenal of mfr spend. It is shady for a buying group to shift terms mid-operation. But this is exactly the type of situation that can happen when working with buying groups. And the reason why someone participating should be willing to undertake the risk.

I never go into a buying group deal expecting a profit. I go into it knowing I won't immediately take a loss. I also understand that I'm exposed to potential loss, which is part of the risk assumptions I had to be content with. Those expecting no risk should not be partaking in this.

While what happened with Costco is a major issue (misdelivered pallet) it's not a recurring issue like with Amazon. I'm just saying the theft/missing issue is mostly Apple and Amazon.

https://cimg2.ibsrv.net/gimg/www.fly...762bd19d8.jpeg
They said up front, before sales started - no reseller tix, platinum, etc. I opted to be paid out as soon as they offered just to make me whole. It did not look like this deal was gonna work out. I got paid out on Sept 19th. I don’t know if they’ve managed to resell my tix - I have not accessed my ticket master account & I’m not gonna until they ask me to. The first concert is in 2 weeks… 😬