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Report: Gamestop to offer more money for trade ins


#1 EvilChamp   Super Nintendo CAGiversary!   730 Posts   Joined 4.3 Years Ago  

EvilChamp

Posted 05 August 2014 - 12:26 AM

"Gamestop is overhauling trade-ins, and launching a new program that will wind up giving people more money for the games they sell." -- Per Kotaku

 

Per article:

 

- Gamestop will offer more money for games Aug. 18

 

- - Base value to increase by 20 percent

 

- Games will be traded in for "optimal" value; you do not have to trade in for other games, pre orders to get bonus. 

 

- They will no longer ask you to "trade-in" your game, but rather ask if you want to "buy or sell."

 

- There is a lot more information within the story, linked below -  

 

Full article here. With chart. 

 

Discuss! 

 

*edit - updated information


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#2 TYmaster50   Superior CAG CAGiversary!   352 Posts   Joined 1.2 Years Ago  

TYmaster50

Posted 05 August 2014 - 12:31 AM

so about 20 cents more? 


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#3 Megamania   Banned Banned   1922 Posts   Joined 1.4 Years Ago  

Megamania

Posted 05 August 2014 - 12:33 AM

so about 20% more? 



#4 EvilChamp   Super Nintendo CAGiversary!   730 Posts   Joined 4.3 Years Ago  

EvilChamp

Posted 05 August 2014 - 12:33 AM

Well, 20% + 10% PUR adds up. I see them doing this because other, major retailers have entered this space - Wal-Mart, Target, BB to name a few.


Gamers have more options now. Are we reaping the benefits? Not sure, but time will tell.
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#5 milmanias   CAGiversary! CAGiversary!   294 Posts   Joined 11.6 Years Ago  

milmanias

Posted 05 August 2014 - 12:35 AM

Probably a way to combat digital sales.  Hopefully this does not mean we will start paying sales tax on stuff we buy with credit.



#6 kickrockz713   Dirty Sprite 2 CAGiversary!   7950 Posts   Joined 3.1 Years Ago  

kickrockz713

Posted 05 August 2014 - 12:35 AM

Well this means I'm going to get more money the week of 8/25 on this stack of games. 20% more on the base value + 50% coupon on the new base, and the 10% PUR. Yayyyy


rsz_3james_harden_jh.png764128.pngrsz_jj_watt_texans_2012.jpg

 

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#7 DePaulBlueDemon   DePaul Basketball Fanatic CAGiversary!   313 Posts   Joined 9.2 Years Ago  

DePaulBlueDemon

Posted 05 August 2014 - 12:37 AM

 

 

- What they offer in credit will now be same as cash

 

 

Both the article and the included charts state that credit vs. cash trades will still vary.


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#8 Darby27   2 Legit 2 Quit! CAGiversary!   6643 Posts   Joined 2.2 Years Ago  

Posted 05 August 2014 - 12:38 AM

Probably a way to combat digital sales.  Hopefully this does not mean we will start paying sales tax on stuff we buy with credit.

Most of us already do...


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#9 ThatOneGuyWho   CAGiversary! CAGiversary!   3997 Posts   Joined 7.5 Years Ago  

ThatOneGuyWho

Posted 05 August 2014 - 12:38 AM

They will certainly offer more money. When you trade in 3 PS4's, you get .10c more for each GBA game you trade in.



#10 mrclutch   CAGiversary! CAGiversary!   2247 Posts   Joined 4.1 Years Ago  

Posted 05 August 2014 - 12:40 AM

From what I read you still get more for credit vs. cash. 



#11 PenguinMaster   Sacrilicious CAGiversary!   3636 Posts   Joined 10.9 Years Ago  

PenguinMaster

Posted 05 August 2014 - 12:41 AM

So base values will increase by 20% but promotions which usually give at least 30% more will stop.

 

So trade-in values will overall be lowered by 10%, how is this good news?


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#12 mask-air-raid   Mr. Encyclopedia of Soda Banned   5809 Posts   Joined 2.3 Years Ago  

mask-air-raid

Posted 05 August 2014 - 12:41 AM

Uh... Those 50% coupons are going to bleed money for them.


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#13 gantt   CAGiversary! CAGiversary!   2865 Posts   Joined 9.1 Years Ago  

Posted 05 August 2014 - 12:41 AM

This seems like a great topic for Shopping Discussions. Specific video game deal, not so much.



#14 EvilChamp   Super Nintendo CAGiversary!   730 Posts   Joined 4.3 Years Ago  

EvilChamp

Posted 05 August 2014 - 12:42 AM

Both the article and the included charts state that credit vs. cash trades will still vary.

I must have misread that, I'll update OP. Thank you. 


What is a man? A miserable little pile of secrets. But enough talk… Have at you!

#15 Crazydom   CAGiversary! CAGiversary!   129 Posts   Joined 9.7 Years Ago  

Crazydom

Posted 05 August 2014 - 12:43 AM

No more bonuses guarantees we'll actually get less.



#16 SpidrMnky   CAG Veteran CAGiversary!   1538 Posts   Joined 3.0 Years Ago  

Posted 05 August 2014 - 12:45 AM

Values to tank this week before increasing so they can show the increase? Will be great, if true.

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#17 kickrockz713   Dirty Sprite 2 CAGiversary!   7950 Posts   Joined 3.1 Years Ago  

kickrockz713

Posted 05 August 2014 - 12:45 AM

No more bonuses guarantees we'll actually get less.

They're not getting rid of bonuses

 

edit- maybe they're, looked at the chart


rsz_3james_harden_jh.png764128.pngrsz_jj_watt_texans_2012.jpg

 

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#18 ShockandAww   Truth is treason CAGiversary!   7206 Posts   Joined 5.9 Years Ago  

ShockandAww

Posted 05 August 2014 - 12:46 AM

So no more 30-50% bonuses basically, but a smaller increase (20%) in base values. Makes them a little more money and simplifies it for your average Joe.



#19 PhatManJesus  

PhatManJesus

Posted 05 August 2014 - 12:46 AM

Still can't make me come back to you, Gamestop!



#20 XCWarrior   CAG Veteran CAGiversary!   32 Posts   Joined 5.4 Years Ago  

XCWarrior

Posted 05 August 2014 - 12:48 AM

Two main points of this change:

 

1) Gamestop will start offering you anywhere from $1-5 more per game!

 

2) Gamestop will be charging $5-10 more per used game!

 

Guess who wins... Gamestop!



#21 dreamer131313  

dreamer131313

Posted 05 August 2014 - 12:48 AM

They're not getting rid of bonuses

no but I can totally imagine gamestop raising the prices of the used games they sell as well as protentially increasing the cost of pur membership or other similar increases to recoup costs somehow

#22 Crazydom   CAGiversary! CAGiversary!   129 Posts   Joined 9.7 Years Ago  

Crazydom

Posted 05 August 2014 - 12:48 AM

They're not getting rid of bonuses

 

edit- maybe they're, looked at the chart

The Kotaku article explicitly states they are outside of the Powerup card bonus. 



#23 Confucius   Corporate Shill CAGiversary!   15987 Posts   Joined 7.3 Years Ago  

Posted 05 August 2014 - 12:49 AM

Also, they announced that 20% more games will be gutted and sold as new.


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#24 EvilChamp   Super Nintendo CAGiversary!   730 Posts   Joined 4.3 Years Ago  

EvilChamp

Posted 05 August 2014 - 12:51 AM

This seems like a great topic for Shopping Discussions. Specific video game deal, not so much.

I thought about that here is my response: 

 

If GS is increasing trade-in values by 20% come Aug. 18, then I think this is crucial information for the community. 


What is a man? A miserable little pile of secrets. But enough talk… Have at you!

#25 phoenixlau   backlogged CAGiversary!   250 Posts   Joined 3.4 Years Ago  

Posted 05 August 2014 - 12:51 AM

Terrible news for us CAGs who follow the promos closely to maximize trade ins, great news for random soccer moms.


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#26 mask-air-raid   Mr. Encyclopedia of Soda Banned   5809 Posts   Joined 2.3 Years Ago  

mask-air-raid

Posted 05 August 2014 - 12:53 AM

I thought about that here is my response: 

 

SIT YOUR ASS BACK DOWN!

Fixed.


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#27 cancerman1120   CAGiversary! CAGiversary!   8277 Posts   Joined 5.4 Years Ago  

cancerman1120

Posted 05 August 2014 - 12:55 AM

Terrible news for us CAGs who follow the promos closely to maximize trade ins, great news for random soccer moms.

mmm...Soccer moms....


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#28 aircobra   The Wind CAGiversary!   1595 Posts   Joined 7.2 Years Ago  

Posted 05 August 2014 - 12:56 AM

Feels like you'll end up with worse values in the long run. And now employees will be even more annoying by shoving this down your throats.

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#29 JaylisJayP   CAGiversary! CAGiversary!   4469 Posts   Joined 7.2 Years Ago  

Posted 05 August 2014 - 12:57 AM

I don't see them raising the prices of used games because they may dominate that market but they don't set it. If ebay, Best Buy and Amazon are less consistently then people will just go elsewhere and at the same time trade their games in to those places instead.

#30 justins76   CAGiversary! CAGiversary!   247 Posts   Joined 6.4 Years Ago  

Posted 05 August 2014 - 12:58 AM

Gamestop has a lot of issues, but their TIVs aren't one.