How to Get Cash for Old Video Games

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Whether you’re padding your income or cleaning up your entertainment center, there a number of places to sell your old video games. The question is, which re-sale method is best for you?

The answer may vary depending on where you live in relation to a store or a post office, and how much effort you’re willing to put into the sale.

Here are some of your options:

GameStop: Low Effort, Low Payback

GameStop (Stock Quote: GME), the world’s largest chain of video game and entertainment software stores, will buy your used video game and sell it to their shoppers. They’ll generally tack on an extra $10 when they sell the game, which conceivably is money you’re forfeiting in exchange for the convenience of knowing where to find a purchaser.

If you’re just looking to make some money while clearing the clutter around your console, bring your games to one of the more than 6,200 stores worldwide. But if you’re looking to clear the most cash possible, you might be better off selling your games elsewhere.

Amazon: A Good Deal for Online Shopppers

Especially in terms of convenience, popular online retailer Amazon.com (Stock Quote: AMZN), may pose a competitive threat to GameStop. Earlier this year, Amazon’s Video Game store beta launched its Amazon Video Games Trade-In service, which gives customers an Amazon.com gift card in exchange for certain video games in good condition. You can send your game using a postage-paid shipping label from their Web site, and you may actually get a higher dollar amount back from Amazon than you would from GameStop.

Halo 3 for Xbox 360, for example, can currently get you $16 at Amazon, but only $14 at GameStop. GameStop, on the other hand, will give you an extra 10% back if you have a discount card, and another 10% back if you trade in three games at a time, until May 11, according to a representative at the South Street Seaport GameStop location in New York City.

If you’re not much of an Amazon shopper, you may want to look elsewhere to sell your games. You can only use your Amazon gift card on Amazon.com.

For Quick Cash Consider Craigslist, eBay

If you need cash now, every dollar counts when you’re selling old games, and there are a few other options that could put more money in your wallet.

Selling your popular used games on eBay (Stock Quote: EBAY) might actually get you more money than selling them to GameStop or Amazon.

But to avoid shipping costs, Craigslist could be your best option. You may be able to price your games higher than what they go for on eBay and avoid passing on shipping costs to the buyer. If a buyer wants your game as urgently as you need the money, you can arrange a direct exchange right away. Make sure you pick a public place to do the exchange, not your home.


Related Stories:

Gift Cards: Use 'Em or Lose 'Em

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Resale Value Faceoff: Craigslist vs. EBay vs. Consignment

 

 

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