Does GameStop pay cash for used video games? This article explains what’s available at this retailer, what kind of game consoles it accepts, and whether or not you should expect to get any cash in return. Besides the usual cash payment for game consoles, GameStop also offers trade-in deals that sometimes drop the value of the cash you’d receive. However, if you’re looking to replace a controller or buy a new iPhone, store credit is definitely worth considering, but if you’re in need of cash, you’ll probably want to consider another option.

Game Xchange pays cash for broken smart watch

If you’re looking to sell your broken smart watch for cash, you’ve come to the right place. Game Xchange will buy your broken smart watch and give you cash in return for it. They have an extensive list of devices to buy, including smart watches, fitness trackers, headphones, speakers, virtual reality headsets, and more. The best part is that they pay fast: in as little as a week, you can get your cash. And if your smart watch is broken, you can get as much as $10 for it.

GameStop doesn’t buy used DVDs

While GameStop doesn’t buy used DVD’s, they do buy a variety of other items, including mobile phones, video games, and game consoles. Many stores have their own trade-in value programs, which means that selling your used electronics can be beneficial for you. One online marketplace that offers you a chance to sell your DVD’s is Decluttr. This website will allow you to enter the barcode of your used DVDs and Blu-Ray movies and get paid within a couple of days.

SecondSpin, the world’s largest reseller of used DVDs, offers a similar program. It pays you via PayPal, direct deposit, or paper check within 10 days. SecondSpin is not affiliated with GameStop, but it does accept more titles than competitors. If you’re not comfortable selling video games online, SecondSpin may be a better option. You’ll get paid instantly, and you don’t have to worry about shipping costs or dealing with a messy buyer.

GameStop has no long-term debt

The recent share offering by GameStop raised $551 million, before fees and commissions, nearly double the amount it owed on its senior notes. While the company will use the proceeds to pay off its debt, the remaining portion will go toward replenishing its coffers. The company’s recent announcement of the redemption of its senior notes secured a healthy infusion of capital. However, GameStop still has $146 million in short-term debt and a revolving line of credit, which likely have lower interest rates than its long-term bonds.

In addition to the reorganization, the company has hired new executives. The company recruited Mike Recupero to become CFO, a role he held for 17 years, most recently as CFO of Amazon Prime. Meanwhile, Jenna Owens was named CEO, while Matt Francis will become CFO and CTO. Despite the financial challenges that the company faces, its leadership has already announced several new executive appointments.

GameStop offers store credit instead of cash for trade-ins

You might have noticed that GameStop offers store credit instead of cash when you trade in your video game systems or other electronic devices. While this is a good deal, you’ll be getting 20 percent less value for your items. If you’d like to get the most out of your trade-in, you might want to sell your system on eBay or Amazon instead. But before you start listing your items, make sure to make sure that they work properly.

GameStop recently launched a revamped trade-in program for used video games. It will give customers four different prices for their trade-ins based on their preferences and loyalty to the company. Whether you choose to sell your used games for store credit or cash will depend on your game’s condition, as well as your membership in its PowerUp Rewards program. With this change, GameStop is hoping to simplify its process and make it easier for customers to sell their games. It is estimated that up to 60 percent of GameStop customers don’t know they can trade-in video games.

It is closing 12% of its brick-and-mortar stores to reduce costs

After experiencing a significant drop in sales during the fourth quarter, GameStop is taking measures to cut costs and streamline its operations. Among the measures are plans to close 150 of its stores. The company has a lot of work to do in order to remain profitable. While the game industry is becoming increasingly digital, traditional brick-and-mortar stores still have a role to play. Gamestop is an important part of the process connecting developers and game hardware and software developers, as well as console sales. In order to be profitable, the company needs to refocus its efforts on this role.

The retailer has been in a state of financial trouble for the past several years, and this hasn’t helped the situation. Last quarter, the company reported a $19 million loss, and forecasted closing 400-450 stores this year. Despite this, sales have been down by 30 percent or more every quarter. The game retailer has also lost a significant number of employees, including seven employees at the game publication Game Informer.