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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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Obnoxious_Informer1302d ago

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

Abash1302d 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_Informer1302d ago

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

ABizzel11302d 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.

kristizellmer171302d ago SpamShow
rainslacker1302d ago (Edited 1302d 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.

SilentNegotiator1302d ago

Abash and ABizzel are probably both right.

ThanatosDMC1302d ago

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

rockbottom30761302d 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 1302d ago
jb12761302d 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

Beastforlifenoob1302d ago

*breathes in*
The 2012 apocalypse was true!

MEsoJD1302d ago

Still not enough earn back my business.

Crazyglues1302d ago (Edited 1302d 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! >_<

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elpresador1302d 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!

rainslacker1302d 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.

AzaziL1301d 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 1301d ago
dbjj120881302d ago

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

TrendyGamers1302d ago

Did you pick up anything good with all that credit?

dbjj120881299d ago

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

jwk941302d ago

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

TheBatman_Fanatic1302d ago

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

mi_titan271302d 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

Scenarist1302d 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_Gamer1302d ago

I refuse to do business with gamestop

P_Bomb1302d ago (Edited 1302d 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 [email protected] 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.

CaitSith1302d ago

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

F*** you Gamestop.

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