1090°

GameStop Does the Unthinkable, Increases Their Trade Values for a lot of Games by Crazy Amounts

We all know GameStop. They’re that company that will give you $20 for your week old copy of a game you just spent $60 on. Well, in a move that can only be characterized as out of character, they have increased the trade values for many titles, with some getting absurd bumps. - PSLS

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playstationlifestyle.net
Obnoxious_Informer4151d ago

It's almost as if they have a heart or something.

Abash4151d ago

More like trade-ins must be slow affecting profits to a notable degree and they need a big boost for that looming sales report they have to present to the executives in charge after the holidays.

Obnoxious_Informer4151d ago

You have a wonderful sharp and cynical mind, I deeply appreciate it, and thank you for being you <3

ABizzel14151d ago

More like Best Buy was whooping their @$$e$ when it came to trade-in value. With Best Buy trade-in prices would generally be $20 - $30 for a new game (similar to Gamestop's old prices), but Best Buy is ALWAYS running a +50% trade in value on used games meaning those games jumped up to $30 - $45, and if you're a gamer a gamer's club unlocked member you would get an extra 10% trade-in credit on top of that ($33 - $49.50). And there's even times when they have 100% trade-in credit although the most I've seen for those was $25 original $55 with 100% and 10% which blows Gamestop out of the water.

Now if people are buying used games from Gamestop (just had Buy 2 get 1 free), but selling used games to Best Buy then Gamestop's supply is going to be low. Therefore, to get more people trading in they have to up their trade-in values since Best Buy is back down to 50% trade-in credit.

4151d ago
rainslacker4151d ago (Edited 4151d ago )

Either that or Used game sales are up meaning they have more demand to keep used games in stock. That would coincide with what their CEO said a couple months ago on how they figure out trade in prices.

Higher prices also help get people into the store to hopefully buy games and stuff.

@ABizzel
I noticed a lot of those great trade in offers from best buy, and what came to mind was that there was no way those prices could be sustainable for the long term. I mean some of those prices for buying the used game are higher than wholesale for a new one. Gamestop's trade-in values didn't hit rock bottom overnight, it's based on complex algorithms that determine supply vs. demand. I wouldn't be surprised in the least if Best Buy ends up having crappy prices in the future once they have a bigger part of the market. Even their pre-order bonus's aren't really sustainable since in theory they are losing money on each unit sold.

In the mean time though, might as well take advantage of them. Competition is great.

SilentNegotiator4151d ago

Abash and ABizzel are probably both right.

ThanatosDMC4151d ago

You sell it to them for $20-$25 then they resell it and call it pre-owned for more than twice the amount.

rockbottom30764150d ago

Best buy has a third party that gives them values and sets prices that's why they don't push used on people. Everytime a game is traded in at best buy it's shipped out then may be shipped back or sent somewhere else.

+ Show (4) more repliesLast reply 4150d ago
VanguardOfCalamity4151d ago

Damn...thought the end of the world Mayan thing was BS... but Gamestop giving $30 for Family Guy: Back to the Multiverse.. might just be something to it

Beastforlifenoob4151d ago

*breathes in*
The 2012 apocalypse was true!

MEsoJD4151d ago

Still not enough earn back my business.

Crazyglues4151d ago (Edited 4151d ago )

...LoL GameStop is that you,???

-I didn't recognize you with all these higher prices for traded in games...

Are you ok...? Are you sick or something.. because your not acting like yourself..

Remember your the company that would rob people blind for their trade-ins -did you forget ???

Oh my, come with me you don't look so good you probably have the flu or something? -I don't even recognize you GameStop! >_<

.____........___...____
.____||......||.......____||
||.........___||.......____||

elpresador4151d ago

You know, I never DID get the hate for Gamestop. Yes, their trade in values usually suck but at the end of the day, it is the consumers choice to go there or not. I mean, all you hear is people bitch left and right about Gamestop YET most of those people still go there.

So yea, their practices usually do suck, and that is why I only go there to look for hard to find games, but since I hate how they do things, I basically NEVER shop there. At the end of the day, seeing as how they are still making money hand over fist, obviously they are doing something right because they get a lot of repeat business.

Finally, and this goes out to only a fewm uf you hate them, dont shop with them. I mean I know people that bitch and moan EVERYDAY about gamestop YET they still shop there.

If nothing else, you have to blame the consumers somewhat because if they wouldnt continue to shop there thene GS would change. Still, hate them all you want but, as long as people like getting rammed in the azz, they will keep doing it....

I find the people complaining about GS to be pretty much EXACTLY the same as those who always complain about COD games. It's actually funny when you stop and think about it!

rainslacker4151d ago

I think the hate has been brewing for years. I personally stopped shopping there for about 5 years because the clerk actually said I was stupid for owning a PS3 and not wanting an 360. One opened up near my house though and I went in there one day and they have some of the nicest people working there, and now I shop there enough the manager will go out of her way to get in a special game for me. She even sold me the only extra Wii U deluxe she got when all I could reserve was a basic.

Anyhow, for many people they are really the only choice for buying games at a retail specialty store. Places like target or Wal-Mart have a pretty crappy selection, Best Buy isn't bad but rarely do they have much that's over a year old. For all these big chains I found finding anyone knowledgeable to help you is not that easy. There are some mom n' pop places but they usually don't have the same selection that GameStop has.

The pushy sales tactics seem to be the biggest complaint about service, but it doesn't bother me because I just say no, and really at my job I have to do the same kind of thing even though I don't really want to or know that the customer doesn't want me to.

AzaziL4150d ago

I would agree if only 1)it's a promo offer for "Power Up Rewards" members only and 2) it ends in a couple of weeks, i knew it was too good to be true.

+ Show (4) more repliesLast reply 4150d ago
dbjj120884151d ago

Between this and 50% bonus credit the other weekend, I don't have any games left on my shelf.

TrendyGamers4151d ago

Did you pick up anything good with all that credit?

dbjj120884148d ago

I like amassing a lot of credit so I can get new hardware or try lots of new games.

jwk944151d ago

People don't seem to realize that this is a special offer...

TheBatman_Fanatic4151d ago

Exactly, now it this wasn't a special offer, then there is something to be excited about.

mi_titan274151d ago

i bought alice for $10 from gamefly last week, i could make $10 on it, i bought LBP Karting for $25 brand new in the package from amazon, i could make $5 off that game

Scenarist4150d ago

how long is gamestop doing this.... .makes me want to go check out some places with cheap games... and buy bulk and sell to gamestop ..

NYC_Gamer4151d ago

I refuse to do business with gamestop

P_Bomb4151d ago (Edited 4151d ago )

I despise Gamestop/EB Games as well.

I only buy something there maybe once a year and only if I have to. Like for the PS AllStars preorder bonus, which the cr@ppy clerks also gave me a hard time over, not knowing a thing about the promo and not guaranteeing me a voucher on release day. Funny how when I came back to pick up the game and check on the voucher, the manager was behind the desk and gave it to me no questions asked while one of the clerks who had given me a hard time stood silently beside her, lol.

Horrible trade-in value, poor customer service, few midnight openings, day-late sales compared to other chains, I'd rather shop at bestbuy or walmart where the clerks know nothing, but at least leave me alone and don't try to push their two cents on me that i never asked for. And for the 100th time, stop asking me if i wanna pay $5 for scratch insurance on a scratch resistant blu-ray disc. It's almost 2013. Get with the program.

CaitSith4151d ago

Didn't know Blu-Ray discs were scratch-resistant. Thanks for the heads up.

F*** you Gamestop.

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320°

GameStop Boss Says Disc Drives Should Be Required On Game Consoles

"It would be great if people had to buy more of the thing," says guy who makes money selling the thing.

XiNatsuDragnel226d ago

Absolutely consoles needs disc drives.

wesnytsfs226d ago

Nah should be optional. Not a PS fan but I like their strategy of selling an optional external optical drive. Its all about Options and this will let everyone get their way. Cheaper for digital only and then you can chose to pay more for the optical drive if that is important to you.

Profchaos226d ago

That's not official yet it's only a rumour

Eonjay225d ago

@Profchaos

But what he describes already exists in the 2 base models. If it is a rumor you can blame Microsoft for really backing it in court but if we are honest we all know it's true.

Profchaos225d ago

@Eonjay I'm not denying the appeal of it I can see it being a useful mechanism for allowing gamers to upgrade as needed however until there's concrete proof and not speculation and remember ms still bases that court submitted document off of the same leaks we see on Reddit, 4chan etc I just can't believe it.

The system would be further opened to exploitation and they would need to release an overpriced drive for consumers to buy for it and sure as they do we will hear complaints over the cost of it

ChasterMies225d ago

Absolutely consoles don’t need disc drives. My house has 2 PS5 digital editions, one since launch. Zero issues with the lack of disc drives. In fact, the digital purchasing lets us all share each other’s games, usually mine, and play the same game at the same time on-line.

shadowT226d ago

Optional drives would be best strategy.

-Foxtrot226d ago

If they did then collectors wouldn’t be getting f***** over with discless collectors editions

jeromeface225d ago

yea they would, discs cost extra... even when you're already paying a premium

-Foxtrot225d ago (Edited 225d ago )

Lmao

We are paying roughly the same now without the discs. There’s literally collectors editions which are roughly in the same price range that have a disc.

I’d rather pay a little more for something physical anyway

RupeeHoarder226d ago

No shock, GameStop is alive because of trading. If they don't have used games on their shelves they are absolutely donezo.

darthv72226d ago

Well of course the GS boss thinks this... that's their bread and butter business. That and funco pops and clothing, though those two were added as a means to supplement the decline in people buying used games or even new games. GS just sucks overall when it comes to gaming. I buy my physical stuff on Amazon or Best Buy.

As for "requiring" disc drives... nah. Not anymore, but i like having them as an option. They had a means back when games actually ran off the discs and were more/less complete. Now they are incomplete and the disc is really an installer with a license to play. If you want to change games you have to take out the disc and put in another. Its more convenient to just use digital. I have been into digital for years now and when the PSPortal comes along i wont even have to go into my game room. I will just play my PS5 from my couch downstairs. I have a bunch of digital installed games to my 5... I'm all set.

Show all comments (46)
520°

Xbox Series X owners can effectively grab a 'free' PlayStation 5 right now

Gamingbible writes: "Luckily, if you’re living in the US you can trade your Xbox into Gamestop, where you’ll receive a hefty amount of cash as well as a $50 bonus for certain customers, just short of enough to buy the PS5."

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gamingbible.com
Jin_Sakai255d ago

A good deal for those who want a console with games.

S2Killinit253d ago (Edited 253d ago )

Lol well, we tried. But you cant save a person from drowning if they wanna hold on to their fur coat.

Im kidding off course.

Hypertension140254d ago

@Julion0715 @ichdich

So you guys won't change consoles?, give me reasons.

Your answers will probably explain why I'm so f**cking pissed off at Microsoft for buying two large mulitplatform publishers.
It isn't easy right? but you guys don't care because is not happening to you.

Lightning77254d ago

No thank you? N4G won't stand for this blasphemy!

SF releases next month hopefully that should give ppl incentive to keep their console. I know there's PC you can play there to but not everyone wants to play on PC.

Rockstar254d ago (Edited 254d ago )

@Hyper,

My guess is they love either their piece of plastic, their corporate overlords or gaming on the cheap.

Likely a combination...

itsmebryan254d ago

@hyper
Gamepass and I have a gaming PC so, I can play all the Sony "exclusives " at a higher frame rate and graphical fidelity. Why would I trade my Xbox for PS5.

After adding ABK they will have even more games at a great value.

Lexreborn2254d ago

@bryan

By that same logic what would be the point of having an Xbox? If you have a pc that handles both ps5 and Xbox games you don’t need either.

Rockstar254d ago

@ Lex,

Bringing logic into it?
That's low!

itsmebryan254d ago

@lex
I got my gaming PC last year to replace my old PC and I already had a XSX. It's pretty simple.
So, Zero horizon was disappointing and Spiderman/ miles ( got both for $50)are just ok. I might get R&C when it goes on sale.

Zhipp254d ago

@Hypertension
If I had time for a PS5 I would have bought a PS5 by now. I intend to someday, but at the moment my backlog is too big. Not only would I have to trade in all my games (for pennies on the dollar) and rebuy them for PS5, but Xbox actually finally has some exclusives coming out in the near future that interest me. I'll get a PS5 whenever Naughty Dog's next game comes out, at the latest.

fr0sty254d ago (Edited 254d ago )

@itsme

"I can play SOME the Sony "exclusives " years later. Some of them run better, some run worse." - Fixed

MrNinosan253d ago

@bryan
Your logic is amazing.
Not even close to all the Playstation games is being released on PC, and if they are, it's years past release, and often in a state when PC masterrace people cries anyways.
By logic, you should have a PS5, a PC and maybe a Switch if you're into that crap.

Especially as 100% of the Xbox games is also release on the PC, day and day.

Toncsipapa253d ago

Obsivously you get dislikes on this ps fanbooooy page :D

+ Show (8) more repliesLast reply 253d ago
Rockstar254d ago

@Jin

Judging by the replies here some of these people don't prefer games :).

On topic, I wish I could trade in my xbsx for a steam deck!

Julion0715254d ago

Then sell the x and get a steam deck 🤦🏾‍♂️

Rockstar254d ago

Why didn't I think of that?
Thanks for the tip! /s

goldwyncq253d ago (Edited 253d ago )

What games? FFXVI is the only true exclusive PS5 has right now and that's going to PC eventually too.

itsmebryan254d ago

@jin-Sakai
What games are you looking forward to this year?

Jin_Sakai253d ago

Spider-Man 2 and there’s plenty of great games to play that released over the years. Can’t say the same for Xbox.

DarXyde253d ago (Edited 253d ago )

There's a pretty decent slate of games coming out this year for all platforms. Armored Core looks great, Mortal Kombat 1 looks great, the info we're getting on Tekken 8 has me thinking it's coming this year. Sea of Stars can't be slept in either. If we're just talking about PlayStation games, Spider-Man 2 and Stellar Blade are expected to release this year and both look great.

I believe jin-sakai has an Xbox Series X (I could be wrong), but I reckon they're interested in those games, along with Starfield. That aside, Mario Wonder, Super Mario RPG, Star Ocean, and Suikoden I and II are all very welcome titles for the rest of the year.

I think no matter what platform you're playing on, there's enough there to generate a backlog.

EDIT: How the hell did I forget Lies of P? 🤡

shinoff2183253d ago

Darxyde

"Starfield. That aside, Mario Wonder, Super Mario RPG, Star Ocean, and Suikoden I and II"

Enough said. That's my game slate for the rest of the year.

DarkkMinion254d ago

That ain't a deal at all. Trading in a beast of a console for that, I don't think so.

Jin_Sakai253d ago

It’s a beast alright. Lol

“Digital Foundry about XSX teraflops advantage : It's kinda all blowing up in the face of Xbox Series X“

Jin_Sakai253d ago

All these “No thank you” comments from duplicate accounts. Lol

Christopher253d ago

I mean, I wouldn't trade in one console for another but instead buy both, prioritizing one over the other based on games I like.

Jin_Sakai253d ago

That would be the obvious choice but some might only be able to afford one or the other. And you have fans who will only support their console of choice regardless.

FinalFantasyFanatic253d ago (Edited 253d ago )

The PS5 is a better deal in the end, I really can't see the appeal of sticking with the Xbox.

DOMination-253d ago

"A good deal for those who want a console with games."

Like what? After all that bravado, the only game you could name was one that isn't out yet (Spider-Man 2)

Don't get me wrong, the XSX lineup in pathetic. But lets not pretend that the PS5 is any better. You can count the number of console exclusives for both on one hand.

If you're looking at games announced with release windows, there's only one console to get as it stands if you want games and it's not the PS5.

Jin_Sakai253d ago

PS5 has one slow year yes but they will start pumping out games soon and everyone knows the quality of their first party games are unmatched.

shinoff2183253d ago

Did the Xbox get any legend of heroes games, alot of jrpg type games skip the Xbox so unless your not into those types of games Xbox isn't a good choice at all. Alot of us from what I see have stuck with sony for the longest because they've had a great jrpg catalogue from 3rd party developers that xbox just can't touch. Those of us that enjoy alot of different games will get both consoles , I bought my series x about two weeks ago for starfield. It will only get used for a game here or there, most likely anything rpg related.

crazyCoconuts253d ago

Hard to tell who are in the Xbox Ambassador program from some of these comments. But for the masses, the console sales numbers are telling us which way the winds are blowing. XBox is in an important/pivotal moment right now imo

The_Blue253d ago

It's cool, I'll stick with my Xbox.

+ Show (10) more repliesLast reply 253d ago
Elda254d ago

At this point in time If I didn't own a PS5 I would have done this in a heartbeat but I had already acquired a PS5 first before I acquired an XBSX.

darthv72254d ago

I'll stick to keeping both. Gamestop though... seems kind of desperate to take in Series X units. What could they be plotting???

Eonjay254d ago

Almost certainly their plan is to charge obscenely high prices for a used Xbox.

myfathersbastard253d ago

They make pure profit on used consoles. They don’t share any of it. And they’re generally only like $50-$100 cheaper than new.
So they “sell”a PS5, make their small cut from that. Then sell the refurbished Xbox and get to keep all of it. It’s win win. They get a small cut on PS5, and a large cut from the Xbox.

Profchaos253d ago

Could be two fold sell as much base ps5 stick before the slim or pro drop and resell the xsx for those after a starfeild machine

jznrpg253d ago

PS gamers buy games number one. And they make money off used consoles. It’s a double benefit for them

Charlieboy333253d ago

Collecting more Series X consoles to sell on to MS for the cloud

+ Show (3) more repliesLast reply 253d ago
Lexreborn2254d ago

I just want some games for my series X I have both since release and after weighing the offerings in PS Essentials to Gamepass I quickly realized I Owned anything of worth in both catalogs. And, the things I didn't I didn't see as justifiable for maintaining both subs.

Since then my series X is a legacy machine that I play my old games on and that's it. 3 years ago I really thought from that Xbox showcase we were going to have some great games by now. Instead, it's just been a lot of meh

Chevalier253d ago

Yep. That's why I waited this generation to have a reason to buy the Series X. Got horribly burnt buying the Xbox One because I decided they had games I was interested in then they canceled the games I wanted right after.

Was tempted after they had that great showing awhile back and am glad I waited because it would have collected dust for 2 years otherwise. Couple games out and on the horizon that look pretty good. Might be a good purchase in a couple years.

Show all comments (88)
70°

GameStop CFO to Resign in Latest Executive Departure From Retailer

GameStop’s chief financial officer is resigning, in the latest of several executive departures from the video game retailer.