The annual license gives you Free Updates and technical support for 1-Year. Then you can continue to use the add-on but cannot download new updates and also technical support will discontinue. To renew you only pay 50% of the regular price. Whereas with the Life-Time license you get Life-Time updates and technical support with a one-time purchase.
If you only want to create an online events marketplace with EventProWP then you do not need to purchase ListingPro WordPress Theme License. But if you want to create a business directory + events marketplace then you will also need to purchase the ListingPro WordPress Theme license separately.
Events created prior to installing EventProWP will continue to work separately as before. These events are linked to listings post-type and cannot be migrated. All newly created events post EventProWP installation will be linked to a new post-type called the Event Groups or can be created indepenedtly.
Once the ticket is sold using the built-in eCommerce system, the sellers can track their earnings from the digital wallet within their dashboard. Sellers can set their payout option and request to withdraw full or partial amount funds anytime. The admin can then process the payment and update the status to notify the seller.
EventPro makes it super simple to create a page with a Ticket Verification form where the event organizers can verify and check-in the attendee by entering the order number on the ticket. No app download is required for the attendee or the organizers.