Game Trading Site Saves Users $3.7 Million

April 10th, 2009 Posted in Business, Culture, News

For years retail chain Gamestop has made a fortune off trade-in games. Now other retailers are beginning to get into the action, but someone eventually decided there must be a better way for gamers to swap an old title for a new one. If you’re lucky enough to have some gaming friends it’s possible to swap titles once you’re finished, but many of us don’t have that option.

In July 2006 a site was launched called Goozex which allowed gamers to send in titles towards ‘purchasing’ other games. It’s set up on a points system based on supply and demand; the more popular your game is the more points you’ll get for it. Users pay $1 per trade and their own shipping costs, but in spite of this Goozex estimates they save their users around $20 per trade, adding up to a total of $3.7 million in savings for their clients since the site’s launch.

The service does actually seem to be offering better values than conventional trade-ins, where games trade-in values quickly decline. Unfortunately none of the GameStop locations I called were able to give me prices over the phone, but Amazon was easier to find. They value Fable II at $16.50, Resident Evil 5 at $19.50 for either console version, Resident Evil 4: Wii Edition at $6.50 and Mortal Kombat: Armageddon for the Wii at $15. The highest point value on Goozex is 1000, which can essentially be calculated at six cents per point. This means that Fable II and Resident Evil 5 are both valued at $60, Resident Evil 4: Wii Edition and MK:A are both valued at $27.

4 Responses to “Game Trading Site Saves Users $3.7 Million”

  1. Daily Battle - 4/10/09 - Games, News, Reviews and more. Says:

    [...] Trail of Dr. Chaos Game Review–Point And Click And Repeat Some Iraq War Vets Support Konami Game Game Trading Site Saves Users $3.7 Million Related PostsPhantom Hourglass to be Online Eiji Aonuma, co-creator of Zelda, has confirmed that [...]



  2. Unknown Says:

    I don’t know which GameStop you called but I always get prices on the phone. Also Resident Evil 5 gets you $30 store credit, as do a few of the other new games. The best time to trade in games at GameStop is during the sales, you make a pretty damn good buck.



  3. lina peter Says:

    i will like to



  4. RadioShack to accept trade-ins in stores - Games, News, Reviews and more. Says:

    [...] another one to the “accepts trade-ins” [...]



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