No. The money goes directly into your account.
The big ticketing sites can't payout your money until after your event since there is no way they can ever know all their customers (i.e. some could be dodgy promoters). We chose to focus Tickit on supporting fewer events, which means we get to know each of our sellers. This model lets us payout funds immediately, among other many great things.
We're more than happy to help. Give us a call at 250-900-0355 or contact us below.