TICKETING & FEES

 

What is a TICKET ?
A Ticket is the summary of sales information regarding a particular deal between a FOUNDATION™ member and a collector/ buyer.
 
How does the procedure work ?
The notification of a sale is either possible through the FOUNDATION™ IOS App or by requesting a Quick-Ticket™ via email.
The Ticket is the basis for our due diligence and three possible decisions:
1) APPROVED;
2) DENIED; or
3) FURTHER INQUIRY.
 
The minimum size of a ticket is € 1.200 or US$ 1.500.
The maximum size of a ticket is € 15.000 or US$ 20.000.
 
We differentiate between three ticket categories:
TICKET (small) HANDLING FEE (€) / (US$)
€ 1.200 - € 3.199 Flat Fee: € 120
$ 1.500 - $ 3.499 Flat Fee: US$ 150
  PAY-OUT TERMS: Upon approval: within 48 hrs
  100% payment of face value less flat fee
   
TICKET (large) HANDLING FEE (€) / (US$)
€ 3.200 - € 15.000 3.8 %
$ 3.500 - $ 20.000 3.8 %
  PAY-OUT TERMS: Upon approval: within 48 hrs
  90 % payment of face value
  after 35 days
  remaining 6.2% payment (10 % less handling fee)
   
TICKET (XL) HANDLING FEE (€) / (US$)
larger than € 15.000 subject to individual review
larger than $ 20.000 PAY-OUT TERMS:
  subject to individual review
   
Update: 20. November 2013