When you return your ticket(s) through Lyte, you can expect to be paid 1 business day after the event takes place.
Why are payouts delayed until after the event?
We know it’s not perfect, but Lyte holds payouts until after the event to protect fans on both sides of the transaction and maintain the integrity of our marketplace.
By delaying payouts, we heavily dissuade scalpers and speculators from trying to trick our algorithm through buying and selling tickets quickly to drive up prices.
Further, it protects everyone from the headaches that can arise when an event is canceled or postponed.
This is the best way we can ensure Lyte continues to offer real fans 100% authentic tickets at fair prices.