Report: GameStop Increasing Trade-in Value for Used Games

by William D'Angelo, posted on 05 August 2014 / 3,525 Views

GameStop is currently overhauling its trade-in program for used games, according to a report on Kotaku. Overall, the consumer will get 20 percent more in cash back when they sell their game to the retailer starting on August 18.

Consumers used to have to put the trade-in towards pre-orders or promotions to get the most money. However, the trade-in program will now be more simplified. You will get more money if you trade-in your games for store credit and get an extra 10 percent if you are a Power Up Rewards member.

"GameStop made the decision to simplify the trade-in pricing structure that is part of our buy-sell-trade program based on positive feedback we have received from customers and store managers," said Jason Cochran, senior vice president, pre-owned business. "We anticipate this change to be well-received by our customers as they experience the added value we are now offering them for their pre-owned video game and consumer electronic products."

"Last year, GameStop issued over $1.2 billion of trade credits with more than 70% of that applied to the purchase of new products," continued Cochran. "We want to provide our customers the best value for their trade and we believe customers will be pleased with this new simplified pricing."

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A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. Outside, in the real world, he has a passion for the outdoors which includes everything from hiking to having received his B.A. in Environmental Studies. You can contact the author at wdangelo@vgchartz.com.


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4 Comments

IkePoR (on 05 August 2014)

What's the catch?


archer9234 (on 05 August 2014)

20% is really nothing.


  • -3
Red4ADevil (on 05 August 2014)

You're going to have to give them a scan of your finger prints every time you make a trade-in transaction..


  • -3
Izo (on 05 August 2014)

Welcome to Gamestop. We are now giving 20% more trade in values for your games. Speaking of this are you aware of our Pro Membership that allows you to get even more trade in credit for used games? Also we now have a Credit Card for your gaming needs. If you sign up now you get x amount of membership points. Don't forget to preorder. You can look at our list of new games set to come soon. Are you interested in used Iphones or Ipads. I bet the wife is! Look at our section to the left.


  • +2
oniyide (on 05 August 2014)

probably was getting that Best buy pressure


Dechizen (on 05 August 2014)

if you support gamestop you are a fool


silentdj151 (on 05 August 2014)

Still no where near fair Market value...people are better off using Craigslist, eBay, or Amazon


cronotose (on 05 August 2014)

I despise Gamestop, but its absolutely fair market value. You're comparing to the wrong market. You're comparing selling to a reseller, vs selling to an end user. They're entirely separate business paradigms. You can never get close to retail value on selling to a reseller and for very good reason. They need to make a profit too and that's after fairly heavy overhead. That's not to say its wise to sell to GS, merely that for selling to a retail reseller, they're offering reasonable rates.

Additionally, Gamestop takes nearly all games as trades, even if they'll never sell. When consoles rotate and they're stuck with a couple million copies of Gears of War, are you still going to complain they didn't give you $30 for a product that's worthless to them?

Now if we want to complain about GS, let's talk about being a specialty retailer that has a worse selection than your average department store.


  • 0
cronotose (on 05 August 2014)

I despise Gamestop, but its absolutely fair market value. You're comparing to the wrong market. You're comparing selling to a reseller, vs selling to an end user. They're entirely separate business paradigms. You can never get close to retail value on selling to a reseller and for very good reason. They need to make a profit too and that's after fairly heavy overhead. That's not to say its wise to sell to GS, merely that for selling to a retail reseller, they're offering reasonable rates.

Additionally, Gamestop takes nearly all games as trades, even if they'll never sell. When consoles rotate and they're stuck with a couple million copies of Gears of War, are you still going to complain they didn't give you $30 for a product that's worthless to them?

Now if we want to complain about GS, let's talk about being a specialty retailer that has a worse selection than your average department store.


  • 0
cronotose (on 05 August 2014)

I despise Gamestop, but its absolutely fair market value. You're comparing to the wrong market. You're comparing selling to a reseller, vs selling to an end user. They're entirely separate business paradigms. You can never get close to retail value on selling to a reseller and for very good reason. They need to make a profit too and that's after fairly heavy overhead. That's not to say its wise to sell to GS, merely that for selling to a retail reseller, they're offering reasonable rates.

Additionally, Gamestop takes nearly all games as trades, even if they'll never sell. When consoles rotate and they're stuck with a couple million copies of Gears of War, are you still going to complain they didn't give you $30 for a product that's worthless to them?

Now if we want to complain about GS, let's talk about being a specialty retailer that has a worse selection than your average department store.


  • 0