550°

How GameStop Screws You on Video Game Trade-Ins

From the featured PlanetXbox360.com editorial (written by a GS employee):

"I think the used game market should hang around as long as it can, and I think you should have the right to do whatever you want with something that you have purchased. However, I have never and will never trade any of my games in. No matter which way you look at it, you shouldn't have to trade in over five popular old games just to buy a new one. I can't justify that in any way, but I also can't speak for everyone. So my only solution to the unfairness of trade prices is for you to just not use the GameStop service. This article will focus more on how GameStop is helping to kill the used-games market; even though that’s the exact opposite result they are seeking."

Read Full Story >>
planetxbox360.com
LaurenKB1234355d ago

I stopped trading in there a while back, there are much better places to sell used games, or just keep em... $25 for a game that came out a week ago and then they mark it up to $55 right then and there; I heard they gave $75 for a Vita and then listed it for $229....crazy!

xPhearR3dx4355d ago

I saw a guy the other week selling his iPhone. He actually sold it for $125 store credit. Meanwhile, his exact model was on display right next to him for $369.99 USED.

Smartest way to sell something quick and get the most money. Search every big site (Amazon, Ebay, Craigslist etc) and list yours for $15-$30 less depending on how much it cost and you'll usually sell it the same day. I've done it hundreds of times. Of course the easy way out is going to Gamestop, but you'll get so much more money doing it the way I listed above.

Army_of_Darkness4355d ago (Edited 4355d ago )

I stopped selling my games after getting ripped off when I was 14 yrs. old. I remember trading in 5 games plus $20 on top of that just to get a new copy of streets of rage 3!!
Now, if I ever want to sell my games, I do it on Kijiji ;-)

guitarded774355d ago

To get the most for your games, bundle about 5 of them together... 1 good game and 4 crappy games. Post an ad on Craigslist at $10 more than you want and put OBO in the listing. People will bite because it looks like an excellent deal because you have 5 games there even though 4 of them may only have a trade in value of a couple bucks each. On average you can get 4-5x what gamestop would give you in store credit. I know, I used to do this with games, DVDs, CDs, etc. People see what they want to see, and they feel they're getting the better deal, so it works best for you and the buyer.

SnakeCQC4355d ago

@army of darkness *desperate

KrimsonKody4355d ago

Let me guess;
Funcoland did it to you, huh?
Smh

MostJadedGamer4354d ago

Thats way too much trouble, hassle, and risk, and if everybody tryed to do it most people would actually get less money.

At this point Gamestop is the best way to trade in games for most people. That is a simple fact.

Yea it would be nice if they offered a little more on there trade-ins, but you have to take what you can get.

+ Show (2) more repliesLast reply 4354d ago
LackTrue4K4355d ago

ya me too. i wont renew my sub with them anymore. they wanted to give me 5 for the sony headset (the first model) and 2.50 for Metal Gear Solid 4. i turn around and gave them as a gift to a good friend in mexico instead. (true story too, lol...)

wnek94355d ago

they screw everyone over on accesories, but your mgs4 is only 8$ used so 2.50 is about right.

Double_O_Revan4355d ago

I got MGS4 Limited Edition Used from them a while back for $8! Because they don't differentiate between regular and limited editions. I can't Believe someone traded that in for $2.50! It's going for $60 at the cheapest on Amazon.

Then I went back 2 days later and returned my original edition as if it was the one I bought because, again, they sell them as the same sku. Free upgrade.

wnek94355d ago

the 229 vita is a referbished 3g model, the 200 one is wifi referbished, if they only have used a 3g would be 200 and a wifi 180

probably for a wifi only vita but the 3g vita they give like 130 and with the trade in bonus and powerup card they give you 188.50 and a 8GB memory card is 15 so essentially you can get 203.50 on something you coulda bought used there with memory card for 280 after tax. but on craigslist the asking price for a vita over all 3g or wifi is 180-200 including a 4-8GB memory card atm so with bonus's your not really getting screwed.

you actually get screwed moreover on older hardware like 360/ps3 wii and games though. unless you trade in this week where games get you 50% more trade in bonus with a powerup card. then you will get right around what you would get on craigslist.

of course the difference is at gamestop u only get instore credit to only spend on more games which is what i would spend it on anyway. while on craigslist you would get cash to spend anywhere.

joab7774355d ago (Edited 4355d ago )

Yeah, it's crazy to try and make a profit. They should give you $150 for a used vital and sell it for &175. Cmon! It's supply and demand. If there is demand, the price is up. Remember, it's a store that must have a minimal stock just to open it's doors. They are battling the new market everyday, as well as digital. But, they are a store u can walk in and buy whatever u want. And u can trade in games u r done with. They have a rewards program and deals all the time. I sell games on eBay and trade in. Many times I get more from Gamestop because they are offering more to restock. It's like everything else. Shop around. They are not the only option but they are a great option to have. Are they trying to make money? Yep. I wish gamers could get a look at it's numbers...the money going out and coming in. I am a chef and make menus etc. This year we have had to raise prices more than ever. Patrons are already hurting because of the economy and they can't understand why prices need to raise. What they don't know is that the price increases are actually lower than they should be to account for our business expenses, but we can't raise them any more. When you are paying 30-40 more for a ribeye, how much do you raise the price of a delmonico? If you get 10-12 cuts, That's 4-8 more per steak. But, can I raise the price $6? No. It isn't as simple as noticing that a business changed a price one day while u were not looking. If u don't like Gamestop, don't use it, but I am tired of every article being about how every company is greedy and trying to rob us. Who should determine prices? The market should and it is. Most times your problem is with the economy and crushing government regulation and taxes, not corporations. Are they shady sometimes? Yeah, because they are always trying to stay profitable.

hoopstar134355d ago

Gamestop is greedy. Point blank. There is no excuse for selling an inferior product at increments of $5 discounts I could justify if they gave better compensation for trade-in value but, any trade conducted with them is the buyer seldom made whole. As far as raising prices inflation is largely a parlor trick to justify overpaying people who don't deserve as much as they receive like bureaucrats, stock brokers and corporate CEO's.

torchic4355d ago

I traded Portal 2 this January for like €12 and Dead Space for €8! I never ever went back to Gamestop. if I don't have enough money for a game I tough it out and wait for a price drop.

LastDance4355d ago (Edited 4355d ago )

You all have no idea what you're talking about.

Work in a game store and then comment about prices. You're just making your ignorance shine.

What are you expecting for your used game? 60-75% of the resale price?

Learn business and economics.

Just because they resell it at an "outlandish" price does that mean it SELLS? NO

Does every game that appears to be in good condition even WORK!?!? NO

Do video game stores have sales on where prices are reduced or buy 1 get one free offers are in effect? YES - Oh but we cant do that coz we paid 40 dollars for this 50 dollar pre owned game

Do stores price match other stores??? YES ...Oh Kmart have it for 35 dollars?..we paid 40 for it sorry cant match that...better go there.

Do game prices reduce over time? YES - ohhhh ..this game is now 40 dollars new...but we paid 40 for this second hand version...Oh wellllllllllll

Do you think the 15-20% (sometimes less) mark up on NEW games pays the bills? NO

admiralvic4355d ago

The problem is too many people look at things from 1 side. For instance I had Resistance Burning Skies and traded it in for 27 dollars (meaning I paid 13 for it). Despite losing money, who is going to buy a used copy of Resistance Burning Skies for 37 dollars (my trade in price + online pass price)? The same can be said about a lot of games, which is why people trade things in to begin with. For a long time I dealt with private sellers and they're far worse than any of these companies. Many times I got offers that were below what was POSSIBLE to get from a place like Gamestop. Due to this many people just ignore whats going on and simply trade things in. Additionally a lot of people forget about sales, which often times kill TIV's.

Some recent deals were XIII-2 for 15 (traded in for like 20), Batman AC for 10 (Traded in for 25 or something like that), Deadliest Warrior 0 (traded in for 10), etc. There are plenty of people who snag things for super cheap and flip them at Gamestop or something. This naturally drops the price and creates stupid posts like this... It's all supply / demand, though I guess it's not really worth talking about.

MasterChief36244355d ago

It's called business sense. Those margins are pretty damn good.

showtimefolks4354d ago (Edited 4354d ago )

hate on gamestop is like hate on call of duty is a fashion thing everyone is doing it.

Gamestop usually give you good money if you trade 3-5 games and than either buy a used game and get extra 30% trade in plus 10% as a pur member so on top of your trade you can get 30-40%.

gamestop in a given years give one billion in store credit and that one billion goes towards buying a old game or buying a brand new title you would have not otherwise bought if it wasn't for the game credit.

not every single game is gonna be in your collection simple as that i rather sell/trade games i know i won't play again. Just to keep em is useless

http://www.gametrailers.com...

watch the video don't just think its patch and he is a dumb ass and all. He explains everything and how gamestop makes a huge profit but they also provide the chance for many people to experience newer games they otherwise wouldn't be

hoopstar13

you name a business in gaming that does a better job?

Torkith4354d ago

There's a small local video store where I do my trade-ins. They'll give $30 for a new title and resell it for $45. Very fair imo.

+ Show (7) more repliesLast reply 4354d ago
4355d ago
Summons754355d ago

I understand there a business and need to make money, but they are so unfair to the customers, it's ridiculous. I stopped trading games in when I realized that doing that was just a waste of money and I felt bad when someone would buy me a game and I'd trade it in 6 months later.

KidBroSweets24355d ago

I'm curious as to how you used "there" in the wrong context and then one comma later, you used "they are" in the correct context.

Summons754355d ago

lol I don't know. I write all day, I'm half asleep and half drunk by the time I get to relax. I don't really care for grammer outside of work lol

StrawberryDiesel4204355d ago (Edited 4355d ago )

LOL quite observant there aren't you, @ above, that's grammar.

SilentNegotiator4355d ago (Edited 4355d ago )

Unfair? They don't give you much, but you get credit/cash instantly and the game might rest on their shelves for months/years. That's the pawn industry for you.

Don't like it? Pay eBay's/Amazon's fees and sell it at a price you think is fair. Either way, unless you go craigslist/garage sale or open your own video game store, SOMEONE is making money off of your sale.

Rubberlegs4355d ago

Yeah Gamestop isn't the only place that does trade-ins. If you compare Amazon, Best Buy and other places they aren't any better. Same with Gamefly but they have better pricing for used games.

The only way your actually going make money back is craiglists or ebay.

C-Thunder4355d ago

It's the customer's responsibility to decide what's fair or not. If they think it's unfair, they shouldn't make the deal. Right now, their price structure is working, for them and their customers. When it stops, they will adjust their pricing.

NegativeCreep4274355d ago

They gave me $150 credit for it, and I purchased my current Slim 120gb PS3 at half price. Have no regrets for it. With regard to games trade-ins, especially towards newer titles, I don't think it is a reasonable consumer decision.

Show all comments (95)
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.

XiNatsuDragnel277d ago

Absolutely consoles needs disc drives.

wesnytsfs277d 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.

Profchaos276d ago

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

Eonjay276d 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.

Profchaos276d 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

ChasterMies276d 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.

shadowT277d ago

Optional drives would be best strategy.

-Foxtrot277d ago

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

jeromeface275d ago

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

-Foxtrot275d ago (Edited 275d 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

RupeeHoarder276d ago

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

darthv72276d 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."

Read Full Story >>
gamingbible.com
Jin_Sakai306d ago

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

S2Killinit304d ago (Edited 304d 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.

Hypertension140304d 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.

Lightning77304d 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.

Rockstar304d ago (Edited 304d ago )

@Hyper,

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

Likely a combination...

itsmebryan304d 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.

Lexreborn2304d 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.

Rockstar304d ago

@ Lex,

Bringing logic into it?
That's low!

itsmebryan304d 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.

Zhipp304d 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.

fr0sty304d ago (Edited 304d ago )

@itsme

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

MrNinosan304d 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.

Toncsipapa304d ago

Obsivously you get dislikes on this ps fanbooooy page :D

+ Show (8) more repliesLast reply 304d ago
Rockstar304d 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!

Julion0715304d ago

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

Rockstar304d ago

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

goldwyncq304d ago (Edited 304d ago )

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

itsmebryan304d ago

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

Jin_Sakai304d 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.

DarXyde304d ago (Edited 304d 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? 🤡

shinoff2183304d 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.

DarkkMinion304d ago

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

Jin_Sakai304d 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_Sakai304d ago

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

Christopher304d 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_Sakai304d 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.

FinalFantasyFanatic304d ago (Edited 304d ago )

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

DOMination-304d 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_Sakai304d 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.

shinoff2183304d 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.

crazyCoconuts304d 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_Blue304d ago

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

+ Show (10) more repliesLast reply 304d ago
Elda304d 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.

darthv72304d ago

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

Eonjay304d ago

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

myfathersbastard304d 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.

Profchaos304d 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

jznrpg304d ago

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

Charlieboy333304d ago

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

+ Show (3) more repliesLast reply 304d ago
Lexreborn2304d 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

Chevalier304d 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.