When can a transfer of ownership take place through the marketplace?
The Houston Texans allow PSL Transfers to happen year round. To transfer your PSL your account must be current with the season ticket payments the Houston Texans have assigned for the season. If your payments are not current the Houston Texans will not allow your transfer to be completed. Furthermore your account must be current for you to post any seats for sale. Lastly, your PSL must be paid in full or the Transfer will be declined.
What are Houston Texans PSLs (Permanent Seat Licenses)?
If you purchase PSLs from a current season ticket holder, you become the new season ticket holder for those exact seats for all future seasons. The Ticket Office will invoice you for the season tickets each year for as long as you continue to purchase the season tickets. The previous season ticket holder will no longer have any rights to those seats. The listing price is ONLY for the PSLs and does not include the cost of any tickets. Read more about PSLs
Who sets the prices for the listings?
The price of each listing is set by the seller at whatever amount the seller chooses. A buyer can submit an offer at whatever amount the buyer is willing to pay for the listing. If the seller accepts the buyer's offer, then we will proceed with the transfer based on the agreed price. If the seller does not accept the offer, then the seller can submit a counter offer to the buyer. The counter offer helps the buyer determine their next offer amount.
How long does it normally take to complete a PSL transfer?
It normally takes about 2 weeks to complete a PSL transfer. This time may vary depending on how quickly we receive payment from the buyer and how quickly the buyer and seller return the transfer paperwork.
Why does each offer expire after 48 hours?
The seller has 48 hours to respond to each offer in order to ensure that buyers receive a quick response to their offer. If a seller allows multiple offers to expire, then the listing will be removed from the website.
What time zone is used to determine the expiration time for an offer?
Central Time Zone
Does the Marketplace report sales to IRS?
Beginning January 1, 2022, the Marketplace is required by law (The American Rescue Plan Act of 2021 (ARPA), P.L. 117-2) to issue a Form 1099-K to the IRS for all sellers who complete $600 or more in gross sales in a calendar year. Sellers will be required to submit the appropriate taxpayer information as part of the sales process. If the information is not appropriately entered, the Marketplace will contact the seller to input the appropriate taxpayer information into the account. The 1099-K will be filed in January of the following calendar year (for example all sales from 2022 will be reported in January 2023).