Specific retailers offer a number of trade-in options when it comes to used tech. However, GameStop, a store that usually specializes in taking in used video games, has a fairly good program when it comes to accepting mobile phones, tablets, and game consoles.
But are they the best option? As convenient as it may seem to look up trade-in values and then head to your local store to cash in, there may be some factors to consider. Let’s take a closer look into how the GameStop trade-in program works overall, and how it compares to us here at GadgetGone!
How Does GameStop Trade-in Work?
Can You Trade in Broken Consoles at GameStop?
Start Your Trade-in Online, Finish In-store
How Does GameStop Pay?
GameStop Trade-In Values
GameStop Trade-In Deals and Bonuses
Pros and Cons: GameStop Trade-In vs. GadgetGone
How Does GameStop Trade-in Work?
Trading in at GameStop may seem like a paradise for gamers that know everything PlayStation, Nintendo and Xbox. The company accepts an impressively wide variety of gaming items, including:
- Current generation and retro games
- New and retro gaming consoles (varying on condition)
- Controllers and other accessories
- Tablets and cell phones, and select MP3 players (for a slightly lower amount)
Can You Trade in Broken Consoles at GameStop?
During our research, we noticed that GameStop does offer a bit of money for consoles, tablets and mobile phones. However, as you might expect, the value is quite lower from what you would get for fully functional devices. For that matter, the company also takes used games that are damaged, though does so with a similar 20 percent off to cover refurbishing costs.
Each trade-in is subject to a manager’s approval. So, GameStop could opt to not purchase your items if they aren’t in great condition, or if they already have enough of whatever it is you’re trading in-stock and have no need for further inventory. There’s only so many copies of Madden NFL 17 they can take these days.
Also, the company no longer takes Xbox 360 or PlayStation 3 systems, nor Nintendo’s Wii U or 3DS/2DS handhelds. These could likely revolve back into play with its “retro” program, but it could take a bit of time.
Start Your Trade-in Online, Finish In-Store
Once you’ve decided which items you’d like to get rid of, the simplest way to get started with your trade-in is by checking your device’s trade-in value with the GameStop trade-in calculator either on the company’s website or the GameStop app.
As with other trade-in programs, you’ll need to locate what you wish to bring in. If trading in a phone, tablet, smartwatch, or other accepted non-gaming device, you will also need to indicate your item’s condition category (either working, damaged, or dead).
Unfortunately, in our own experiences with GameStop’s trade-in calculator, we sometimes struggled to locate the device we wished to trade in on their list of accepted items. Some of the items, like the line of iPhone 13 devices, aren’t even showing up on the website. This could be updated in the future, but it’s a question of when.
We also noticed that while retro game consoles and accessories are apparently accepted, some aren’t listed. This is due to certain limitations as to what’s taken, mainly due to overstock or lack of interest. For instance, while the company doesn’t take Xbox 360 or PlayStation 3 hardware anymore, it does accept certain titles, depending on their popularity.
Let the Trader Beware
Taking these items to a GameStop location for trade should be a breeze. However, you also have no way of knowing how much you might be offered beforehand, which is a lot of uncertainty that we’d rather not deal with. GadgetGone, in contrast, also accepts retro game consoles and provides a quick and easy online quote.
Keep in mind that, as with other estimated trade-in prices, the quote provided online is subject to change once your device is evaluated by the store associate. It’s also important to note that unlike some other trade-in options, your quoted trade-in value is only valid until the close of business that same day, so be sure to plan accordingly.
In contrast, GadgetGone will price-lock your offer for 14 days, giving you two whole weeks to comparison shop and prepare your device.
If you like GameStop’s initial trade-in offer for your iPhone, Xbox One, PS4, or whatever else you’re trading in, you’ll next need to make your way to your closest GameStop location (and be sure to bring the saved Trade Summary with you, either in print-out or text form).
Unlike most other trade-in programs, all trades must occur in person at a GameStop location. (There’s no mail-in option.) Once there, your item will be assessed by a store associate to confirm its functionality and cosmetic condition before giving you your final trade-in value offer.
To ensure a seamless trade-in, be sure to prepare your device accordingly before taking it into GameStop. Make sure the battery is charged, delete any sensitive information, back up your stored data, remove any SIM or memory cards, and gather up any necessary cords, chargers, or necessary accessories. This includes controllers for game systems.
And for phones, smartwatches, and tablets, double-check that the item is unpaired from your other active devices and any accounts before restoring it to factory settings. If this isn’t done, the on-duty manager could deny your trade-in, citing that it can’t be considered unless this is all finished up.
How Does GameStop Pay?
No one wants to trade in their old items for pennies or, worse yet, recycling. More than likely, you’re looking for the perfect blend of high trade-in prices and payouts that you can actually use. We’re talking cash or, at the very least, store credit to put towards the latest tech that GameStop offers.
The retail chain offers both store credit and cash for certain items, depending what you’re trading in. Store credit offers the most value, with cash clocking in at about 20 percent less. So say you’re trading in an iPhone 11 for around $150. Cash-wise, that’s $120 – a huge discount.
And keep in mind the Power Up Rewards program can go a long way towards buying that new game system you want. In fact, sometimes they can tie in with promotions to give you even more value, particularly over the holiday season.
GameStop Trade-In Values
As with other device buyback programs, GameStop trade-in prices vary based on the item you’re trading in and the condition it’s in. For our comparison, we specifically decided to look at some of the most popular devices to trade in right now: the Xbox One, PS4, and iPhone 12.
Although cash trade-in prices are provided on GameStop’s trade-in calculator, we opted to only show the values for store credit since cash payouts are only provided in certain instances.
Remember that the following prices are only an estimate. Your device’s trade-in value will vary based on its specifications, cosmetic condition, and overall functionality.
As you can see, although GameStop has some decent trade-in values (in store credit) for game consoles, they can’t really compete with what is offered by GadgetGone when it comes to consumer electronics. Plus, while store credit is great if you’re planning on buying more games, a new console, or a replacement controller, it definitely won’t help you if you need to buy a new iPhone or just need the cash.
|Xbox One – 500GB, with controller, good condition|
|GameStop: $121 (credit)|
|GadgetGone: $60 (cash)|
|PlayStation 4 Slim – 1TB, with controller, good condition|
|GameStop: $198 (credit)|
|GadgetGone: $135 (cash)|
|iPhone 12 – 256GB, Verizon, good condition|
|GameStop: $730 (credit)|
|GadgetGone: $515 (cash)|
As you can see, although GameStop has great trade-in deals (in store credit) for game consoles, they can drop quite a bit when it comes to cash value. Plus, while store credit is great if you’re planning on buying more games, a new console, or a replacement controller, it definitely won’t help you if you need to buy a new iPhone or just need the cash.
One other thing to keep in mind is that GameStop can’t always pay out cash. If over the course of the day they take a lot of trade-ins, for example, they won’t be able to “pay out” after a certain extent. If you send in your item to GadgetGone, however, we offer payouts no matter what, provided your item is just as described when you send it in to us. No limits here!
GameStop Trade-In Deals and Bonuses
As we’ve already established, good payouts are often the deciding factor when choosing which trade-in program to use. Promos can go a long way in maximizing those trade-in earnings, turning formerly middling buyback values into a pretty good deal.
GameStop helps customers maximize their payouts in a couple of ways. Frequent trade-in customers, or those trading in an especially expensive item, might consider signing up for the Power Up Rewards Pro membership. For only $14.99 for the year, Pro members receive a ton of great benefits including 10% more trade-in credit and monthly $5 certificates.
Others might rather keep an eye out for occasional trade-in promotions on GameStop’s social media channels. However, these deals generally only apply when the payment method is store credit and often require a specific item to be traded-in.
Pros and Cons: GameStop Trade-In vs. GadgetGone
As far as trade-ins go for various devices, the many different programs out there vary widely in terms of value and ease. A trade-in program might be the top choice for some but not even make the list of options for others.
For some – gamers, in particular – GameStop’s trade-in program is a terrific option, especially for frequent store customers. For others? Probably not so much. So, let’s take a look at how GameStop stacks up to what we have to offer at GadgetGone, one of the most popular online trade-in companies.
|GameStop Pros:||GameStop Cons:|
|•||A decent variety of current and retro game consoles, games, accessories, and other consumer electronics are accepted||•||Trade-in calculator can be frustrating to use due to many missing items and pricing that is unclear at times|
|•||In-store trade-in process means same-day payouts||•||Must trade in the same day you get your quote online|
|•||Great trade-in values for gaming items||•||Middling trade-in values for some consumer electronics, if they’re even taken|
|•||Rewards program members receive 10% more trade-in value||•||Trade-ins are only accepted in-store, adding on extra time and hassle|
|•||In-store credit great for gamers and frequent GameStop shoppers||•||Store credit not desireable for non-gamers or infrequent customers|
|•||Cash payouts aren’t always guaranteed, depending on how the business day goes|
|•||Trades aren’t guaranteed and require manager approval, meaning time can easily be wasted if you go into a store and your trade-in isn’t accepted|
|•||Trade-in values aren’t given for damaged or broken game consoles or accessories online and may not be accepted in-store for trade-in|
In contrast, from the time you get your quote online to the time you get paid, GadgetGone’s process is much more streamlined and customer friendly.
|GadgetGone Pros:||GadgetGone Cons:|
|•||Fully online trade-in process saves time and effort||•||Can’t trade-in or get paid that same day|
|•||Shipping your device is free||•||Doesn’t accept games for trade-in (yet, coming soon!)|
|•||Accepts damaged and broken items across the board||•||No rewards program or trade-in promos|
|•||Wide array of smartphones, iPads, MacBooks, smartwatches, and both current and retro game consoles and handhelds are accepted||•||Game console payouts aren’t quite as high as GameStop’s (but they are in cash, and guaranteed)|
|•||PayPal, Amazon e-gift card, or mailed check payouts means actual money, not store credit|
|•||Payouts are some of the best in the business for consumer electronics and are competitive for game consoles|
|•||Trade-in estimates are price-locked for 14 days|
|•||Will price match offers from competitors|
|•||Trade-ins are guaranteed (pending customer acceptance of final offer)|
In the end, GameStop has an impressive trade-in program, with high values for game consoles and some newer end tech. But it has its limits, like only so many payouts over the course of the day, as well as manager decisions, not being able to accept newer mobile items, and perhaps even having your trade rejected.
GadgetGone offers a fairly good program in contrast, along with guaranteed cash payout, along with hassle-free shipping to get the item to us, on the house! Then you can turn your cash into something you need, and not just video games.
The choice is yours, and they’re pretty solid; but check out GadgetGone’s competitive price offerings and you’ll see you can get a great amount with just a little bit of patience.
Follow us on Instagram, Facebook, TikTok and Twitter for more helpful tech tips, future special offers and behind-the-scenes GadgetGone goodness! (Plus, we have a dog!)
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How do I get the best trade in value at GameStop? ›
- Enroll in the PowerUp Rewards Program. The PowerUp Rewards program at GameStop offers members-only benefits. ...
- Keep Your Games in Good Shape. Keeping your electronics in good condition will go a long way when you're trying to trade them in. ...
- Trade In at the Right Time.
Join the PowerUp Rewards Pro program for extra trade in credit. Gamestop's rewards program is called PowerUp Rewards and is free. However, they also offer a Pro plan that earns you an extra 10% credit on trade-ins. It costs $14.99 a year, but is well worth the cost if you trade in lots of games.Does GameStop give cash anymore? ›
You can choose to receive in-store-credit for max-value on your items, or get paid in cash.How much does GameStop pay for iphone 13? ›
The simplest way to maximise your car's resale value is to take good care of it.
- Get it serviced regularly. Book your car in for regular servicing at the manufacturer's recommended service intervals. ...
- Stay on top of repair and maintenance issues. ...
- Drive it like you own it.
Trading in your car can hurt your credit score. Trading in your vehicle can cost you if you're not careful. Sometimes the dealership tells you they'll pay off the financing on your trade-in vehicle when you finance a new vehicle through them.Do you have to pay back trade credit? ›
Unlike a loan from a bank, trade credit is usually interest free – which means a business only needs to pay back the amount equal to the value of the goods they purchased without any additional fees.What is trade credit limit? ›
A trade credit. limit is a policy instrument that applies either a maximum. dollar receivables balance or a maximum order amount to a. specific buyer.Can you return old games to GameStop for money? ›
We will refund the purchase price and applicable taxes and fees to the original form of payment or provide a replacement. GameStop reserves the right to limit, or decline returns or exchanges regardless of whether the customer has a receipt. All returns require a receipt or a GameStop.com order number.Why does GameStop give you so little money? ›
It comes down to profit margin. GameStop makes 10% off the sale of a new game, so a $60 game would be a profit of $6. A pre-owned game, however, has a profit margin of 50% for GameStop. Let's say you trade in a game for $5 ($5.50 for Pro members) and GameStop slaps a sticker on there for $20($18 for Pro members).
Does GameStop do price matching? ›
GameStop will only price match four competitors.
When I checked at my local GameStop store, they said they'll price match only four competitors: Amazon, Target, Walmart, and Best Buy. The product will only be price matched if it's sold and shipped by the competitor, not a third-party seller.
|Your device||Estimated trade-in value¹|
|iPhone 13 Pro Max||Up to $600|
|iPhone 13 Pro||Up to $500|
|iPhone 13||Up to $400|
|iPhone 13 mini||Up to $350|
The average resale market or trade-in value of a used iPhone 13 is $424.30, with prices ranging between $339.00 up to $540.00 from the best buyback stores.Does cleaning your car increase trade-in value? ›
Fix points out that a clean and well-maintained car is most likely to get the highest trade-in value. “Clean the vehicle inside and out,” she says. “Detailing the car is like staging a home for resale.”Why do dealers lowball trades? ›
Another reason that trade-in values are lower than retail prices is that most trade-ins need reconditioning. A dealer typically won't sell a car immediately after receiving it in a trade from a customer. Instead, they devote time and money to get the vehicle ready for its next owner.Should you clean your car before trading it in? ›
It is always a good idea to get a car wash and clean your car out before bringing it in. You don't need a professional detailing but a little car wash goes a long way because it shows the dealer you take good care of your car and they can better trust the condition of it at first glance.What is the 5 3 1 rule in trading? ›
The numbers five, three and one stand for: Five currency pairs to learn and trade. Three strategies to become an expert on and use with your trades. One time to trade, the same time every day.How do I find the perfect trade? ›
- Consider your interests. ...
- Determine your talents. ...
- Talk to a career counselor. ...
- Search for pre-apprenticeship programs. ...
- Take a career quiz. ...
- Interview tradespeople. ...
- Research job growth. ...
- Explore work environments.
Profitable trading is difficult and successful traders share specific rare characteristics. It is estimated that more than 80% of traders fail and quit. One key to success is to identify strategies that win more money than they lose.When should you not trade? ›
If the profit potential is similar to or lower than the risk, avoid the trade. That may mean doing all this work only to realize you shouldn't take the trade. Avoiding bad trades is just as important to success as participating in favorable ones.
Should you put money down with a trade in? ›
When considering whether to make a down payment or trade-in a vehicle it's usually best to make a down payment from a financial perspective. You'll get more bang-for-your-buck when offering a down payment. This could mean selling your vehicle privately before going in for a purchase.Do you owe anything on your trade in? ›
When you trade in a vehicle you still owe money on, the dealer takes over the loan and pays it off on your behalf. They also typically handle the process of transferring the title.Why can't you trade credits for 3 days? ›
A Trade Hold is a security feature used to deter fraud in Rocket League. After purchase, a 72-hour (3 days) Trade Hold will be placed on all Credits in your account. During the Trade Hold you will not be able to trade the following: All Credits in your account.What is the disadvantage of trade discount? ›
One disadvantage of granting a trade discount is the money lost. Small discounts add to up to significant sums over time. A simple 2 percent monthly discount amounts to 24% percent interest lost over a year, not counting compounding.Do you need to have 500 credits to trade? ›
To reduce fraud, players involved in any trade must have purchased at least 500 Credits (or Esports Tokens, Starter Pack, etc). This does not apply to players who played before the Free to Play update.What are examples of trade credits? ›
For example, if Company A orders 1 million chocolate bars from Company B, then the payment terms could be such that Company A has to pay within 30 days of receiving the order. This arrangement between the two companies is generally known as trade credit.What is a free trade credit? ›
Throughout this article, “free” trade credit will refer to firms that make payment within the discount period. “Costly” trade credit refers to firms that pay after the end of the discount period thereby foregoing discounts and incurring substantial financing costs.What can trade credit be used for? ›
Trade credit allows businesses to receive goods or services in exchange for a promise to pay the supplier within a set amount of time. New businesses often have trouble securing financing from traditional lenders; buying inventory, for example, on trade credit helps increase their purchasing power.What does GameStop do with old games? ›
GameStop offers the opportunity to trade in your used games, accessories, and consoles for in-store credit. Customers can also trade towards pre-paid Visa or Mastercard gift cards that can be used elsewhere.Can I exchange an unopened game at GameStop? ›
Returned product(s) must be in the original packaging and include any manuals, cabling and accessories in saleable condition. We reserve the right to limit returns to unopened or defective products. Defective product(s) will be replaced with a like item, upon return.
Can you return a game to GameStop if you opened it? ›
If you bought the game or gaming console new, it absolutely cannot be opened if you want to return it for a refund. What is this? Be aware that GameStop considers games “opened” once the shrink wrap is removed. If it's opened, your only option is an identical exchange within 30 days of your purchase.What was the highest price GameStop went to? ›
- The all-time high GameStop stock closing price was 86.88 on January 27, 2021.
- The GameStop 52-week high stock price is 49.85, which is 161% above the current share price.
- The GameStop 52-week low stock price is 15.41, which is 19.3% below the current share price.
The New GameStop Millionaires: Meet The Amateur Traders Who Won Investing's Craziest Sweepstakes Ever. I cover the world's richest people for Forbes. rzel Rodriguez awoke in a panic. Throughout mid-January, he'd risen early in his Hollywood Hills home to monitor the skyrocketing price of GameStop.How much are short sellers losing on GameStop? ›
GameStop short-sellers were dealt mark-to-market losses of nearly $383 million on Wednesday, Ihor Dusaniwsky, S3 Partners' managing director of predictive analytics, said by email, pushing year-to-date losses to $6.7 billion.What is the number 1 selling game? ›
In 2022, Call of Duty: Modern Warfare II published by Activision Blizzard was the top-selling video game in the United States based on dollar sales. Elden Ring was in second place, followed by the sports game Madden NFL 23.What video game sells the most? ›
|Grand Theft Auto V||175,000,000||Grand Theft Auto|
- 2022 update: Overwatch in, Mario Kart Wii out. By Jordan Sirani. ...
- Pokemon Gen 1 – 47 million. ...
- Super Mario Bros. – 48 million. ...
- Overwatch – 50 million. ...
- Red Dead Redemption 2 – 50 million+ ...
- Mario Kart 8 + Deluxe – 60.46 million. ...
- PUBG – 75 million. ...
- Wii Sports – 82.9 million.
A: No. Matching competitors' pricing may be good business, and occurs often in highly competitive markets. Each company is free to set its own prices, and it may charge the same price as its competitors as long as the decision was not based on any agreement or coordination with a competitor.Can you price match a sold out item? ›
If the item is out of stock or the competitor has advertised as limited quantities of an item, it is not eligible for price matching. Likewise, if we have a product that is advertised as being limited in quantity it will not be eligible for price matching.Does Walmart do price matching for video games? ›
Yes, Walmart will match prices from Walmart.com in store — as long as they're not from third-party Marketplace sellers.
How much will the iPhone 14 cost? ›
How much the iPhone 14 costs. There are three options when it comes to picking up the base iPhone 14, depending on how much internal storage space you want. The iPhone 14 is offered with 128GB, 256GB, and 512GB for $799, $899, and $1,099, respectively.Which is the cheapest iPhone? ›
- NEW. iPhone 14 Pro & iPhone 14 Pro Max. Take a closer look. or ₹129900.00Footnote‡ ...
- NEW. iPhone 14 & iPhone 14 Plus. Take a closer look. ...
- iPhone 13 mini & iPhone 13. Take a closer look. or ₹64900.00Footnote‡ ...
- iPhone SE. Take a closer look. or ₹49900.00Footnote‡ Buy.
- iPhone 12. Take a closer look. or ₹59900.00Footnote‡ Buy.
The bottom line: If you have an iPhone XS, XS Max or XR, it's definitely worth upgrading. You get a noticeable boost in camera quality, battery life and performance among other areas.How much is an iPhone 1 worth? ›
The iPhone cost $599 when it first came out more than a decade ago. Prices have since gone up—to nearly $40,000, as it turns out.What is the price of iPhone 6S in dollar? ›
iPhone 6S prices start at $50 and cost $76 on average as of February 2023. iPhone 6S prices will continue to get cheaper over time. Apple phones hold their value well, but prices will continue to drop as time passes and new models are announced. Buy used and get the best price today on Swappa.Can I sell my old iPhone for cash? ›
There are quite a few services that will give you cash or store credit for a used iPhone. We've compared some popular services for trading in an old device. Most of these services accept Samsung and Google devices, too, and all of them take iPhones. Updated September 2022: We've updated phones and pricing.How do you haggle with GameStop? ›
You cant haggle with Gamestop. their prices are set based off of the company.Where can I get the best trade in value for video games? ›
- Decluttr. Decluttr is a site that sells used electronics, including used video games. ...
- Amazon's Trade-in Option. Amazon's trade in program accepts video games. ...
- Swappa. ...
- eBay. ...
- OfferUp. ...
- Trade4Cash. ...
- Gameflip. ...
- The Old School Game Vault.
20 points will be accumulated for every dollar spent, excluding the cost of renewal and purchase of GameStop gift cards. Extra trade-in credit on games, accessories, and more.What percentage should I haggle? ›
While (almost) everything is negotiable, and you are allowed a lot more “give” in expensive items, overzealous haggling will turn off the seller. A good rule of thumb is any offer below 25 percent of the ticket price is a slap in the face.
How do you win a haggle? ›
- Always tell the truth. Keep your character intact, people. ...
- Time it right. The end of the day is a great time to get your haggle on. ...
- Ask for a discount. ...
- Use the power of cash. ...
- Use your walk-away power. ...
- Know when to be quiet. ...
- Say, “That's not good enough.” ...
- Let them know your budget.
GameStop employees get a 10% employee discount which while not great, is a decent “percent discount” compared to other similar stores. Also, it's important to note that YOU CANNOT combine your employee discount with any other special offers.Are gamers good at trading? ›
Gamers can make good traders because their experience gives them skills that help when trading stocks.Is it worth it to sell old video games? ›
Well, unless your device is a rare collector's item, especially one that has never been used, it won't be worth selling it for the money; resale prices are so bad for old consoles that it will be an absolute waste of time.What does 10000 points get you at GameStop? ›
That's 10k points that can be used as $10 off the next time you shop. Plus, get 5K points when you renew.How much money is 5000 GameStop points? ›
Points are the currency of the PowerUp Rewards program. Pros can earn 20 points per dollar on almost everything they buy. Pros can redeem points for coupons. For example, Pros can redeem 5,000 points for a $5 off one single item coupon.How can I win any trade? ›
- Rule 1: Always Use a Trading Plan.
- Rule 2: Treat Trading Like a Business.
- Rule 3: Use Technology to Your Advantage.
- Rule 4: Protect Your Trading Capital.
- Rule 5: Become a Student of the Markets.
- Rule 6: Risk Only What You Can Afford to Lose.
- Rule 7: Develop a Methodology Based on Facts.
- Rule 8: Always Use a Stop Loss.
While this is quite difficult to achieve, it is definitely not impossible. There have been many cases in the modern world where investors have become rich through their investments in stock markets.