Why does GameStop give you so little for games?

Why are GameStop trade-in values so low? GameStop buys your games for cheap and resells them for much more. This means you only get a fraction of what your used games are actually worth.
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Will GameStop give you money for games?

Trade-in Your Stuff For Cash or Credit.

Now accepting trades on games, consoles, controllers, headsets, phones, tablets, smart watches, keyboards, microphones, external hard drives, memory cards, and more.
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Why is GameStop on the decline?

The company has been losing money for several years due to its reliance on brick-and-mortar stores at a time when customers buy video games and collectibles through ecommerce firms, and its latest quarter was no different. Net sales fell to $881.8 million compared with $1.24 billion a year ago.
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How long will GameStop hold a game for you?

How long can gamestop hold a pre ordered game? Holds are only guaranteed for 48 hours. After that, it becomes available to any customer that requests it.
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Does GameStop make more money on used games?

Just how lucrative is GameStop's used games business? The company gets 48 cents gross profit for every pre-owned dollar of revenue, Gamasutra has calculated, with profit on used games at nearly $1 billion annually.
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GameStop made a HUGE mistake...

Why does GameStop give you so little money?

Why are GameStop trade-in values so low? GameStop buys your games for cheap and resells them for much more. This means you only get a fraction of what your used games are actually worth.
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What is the highest price GameStop has ever been?

The highest closing price for GameStop (GME) all-time was $86.88, on January 27, 2021. The latest price is $29.07.
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How much are 1000 GameStop points worth?

You can also talk to a store associate about redeeming points at checkout when at a GameStop store. You can redeem points for many things, including redeeming as little as 1,000 points for a $1 Reward Certificate. You can even redeem your points in-store towards another year of Pro membership!
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Can I return a game to GameStop if I opened it?

We do not accept returns of:

Any product(s) returned more than 15 days from the date delivery of the shipment. Any product(s) that has been opened (taken out of its plastic wrap). Any product(s) not in its original condition. Any product(s) that is damaged, played, or is missing parts.
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Do GameStop prices match?

Each GameStop location has the right to offer or refuse a price match. The decision is up to the store's manager. You can't price match items that are on sale, discounted, or available through special offers like rebates, coupons, or bundle deals.
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What went wrong with GameStop?

How did short-selling affect what happened with GameStop? As a brick-and-mortar retailer of physical copies of video games, GameStop has struggled to compete with online retailers that sell digital copies of the same games. In March of 2020, their stocks hit an all-time low, hovering around $4 per share.
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Why is GameStop crashing?

GameStop's 2024 annual shareholder meeting experienced server issues Thursday, crashing under overwhelming interest. A customer service rep for Computer Share, the company hosting the meeting, told CNBC its servers had apparently crashed because they weren't accustomed to the amount of traffic the event had attracted.
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Is GameStop losing money?

GameStop remains a hot property among retail investors eager to snap up the "meme stock," but its financial results continue to cool. The video game seller on Friday reported a loss of $32.3 million on revenue of $882 million in its fiscal first quarter, with declining sales of hardware, software and collectibles.
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Does GameStop pay for 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.
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How much does GameStop pay per game?

How much does GameStop buy games for? Not a whole lot. Generally they will only give you about 10 to 25 % of how much they're really worth. They might on occasions give you a bit more but generally that's just a token increase to mask the fact that they don't really give you THAT much of an offer.
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Does GameStop buy broken controllers?

Went to trade in some things for a new One S, and grabbed the broken controller by mistake. Still gave me $22 for it even though it wouldn't even turn on.
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Why doesn't GameStop do returns?

GameStop may, in its sole discretion, refuse return of an item it deems to present a potential health or safety risk to any individual.
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Do GameStop points expire?

Points are valid for one (1) year from date of accumulation (that is, the date of when the points are posted to, or recorded on, the Member's Account). If a qualifying purchase is not made within 12 months, all accumulated points shall be forfeited and the Membership is subject to closure at GameStop's discretion.
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Will GameStop give me a full refund?

To process your return, please provide your in-store receipt or GameStop.com order number. We will refund the purchase price and applicable taxes and fees to the original form of payment or provide a replacement.
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What is the highest price GameStop stock has ever been?

GameStop - 22 Year Stock Price History | GME
  • The all-time high GameStop stock closing price was 86.88 on January 27, 2021.
  • The GameStop 52-week high stock price is 64.83, which is 154.6% above the current share price.
  • The GameStop 52-week low stock price is 9.95, which is 60.9% below the current share price.
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Is GameStop Pro free?

Members are automatically renewed annually for their GameStop Pro Membership using payment information GameStop has on file (“Auto-renew Program”). Membership in the GameStop Pro Program is $25 per year. All prices are plus applicable taxes.
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Did people make money from GameStop?

Some big names lost money on GameStop, but others made a bundle. The same goes for everyday investors — some won, some lost, and plenty were just in it for the casino-like ride.
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When was GameStop at its peak?

The stock price of GameStop (NYSE: GME) trades at $30 per share, about 65% below its peak level of over $80 seen in January 2021.
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Who made millions from GameStop?

Keith Gill, a.k.a. “Roaring Kitty,” came tantalizingly close to becoming a paper billionaire during a Friday livestream until his GameStop shares tumbled following news of a surprise stock sale.
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How much was GameStop at its lowest?

The lowest closing price for GameStop (GME) all-time was $0.64, on February 11, 2003. The latest price is $25.45.
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