Store Credit
What are your thoughts on store credit? I always say eBay has the best store credit. Sometimes it’s easier to trade in local, rather than use eBay, even if the percentage for trade isn’t that good.
anyway. Has this ever happened to you? I go to the local brick and mortar for a Pikachu n65 (yup n65) with the controller and a black jumper lid. $119.00 I’m thinking ok I got some cheap trade in, if I can get it down to $60-$80 I’ll pick it up.
I tell the the guy I’m interested in the n64 and I got some trade in. Short story he tells me that item is cash only.
i said so you’ll give me store credit on my stuff but I can’t put it towards the Pikachu n64? He tells me that’s right.
I didn’t even open the box of trade I had. Mmx with a rough box lol. Some ps1/ps2 stuff. Lion king and pilot wings. I was thinking it might pull $30 credit. Hoping for $40.
anyway. Has this ever happened to you? I go to the local brick and mortar for a Pikachu n65 (yup n65) with the controller and a black jumper lid. $119.00 I’m thinking ok I got some cheap trade in, if I can get it down to $60-$80 I’ll pick it up.
I tell the the guy I’m interested in the n64 and I got some trade in. Short story he tells me that item is cash only.
i said so you’ll give me store credit on my stuff but I can’t put it towards the Pikachu n64? He tells me that’s right.
I didn’t even open the box of trade I had. Mmx with a rough box lol. Some ps1/ps2 stuff. Lion king and pilot wings. I was thinking it might pull $30 credit. Hoping for $40.
Comments
Yup, sounds like consignment.
I thought of this later. Still it’s bogus. Probably won’t go in there anymore. Unless I need a common for the contest.
What is a fair percentage on solid games for store credit?
I've got an awesome game store in my old town that would give about 50% cash or 60-70% credit. Their prices are really fair as well and they've got tons of cool stuff on display. (Old NES/SNES/N64/Sony signs, life sized statues of Hulk, Spiderman, Power Armor from Fallout, and more). Sadly the store just doesn't get a lot of business... It is by far my favorite game store but they just don't get much in. Maybe just a bad area or people don't know they exist. I always stop by when I'm in town.
Sorry that was a little off topic lol. Most game stores around me give 30%-50% credit, which to me is definitely not worth it. There's a more authentic store a couple hours away (Thrillhouse) and they tend to have better rates. Maybe 50% credit? I've only been there once but I'd love to go back.
I love game stores. I go by my local ones at least once a week. Any time I go out of town I see what game stores I'll pass and stop by. I know they gotta make a profit to keep their doors open but these days it's really hard to justify selling stuff to stores when you can get so much more with little effort between eBay, forums, Facebook. LetGo, OfferUp, etc.
Yup, sounds like consignment.
I thought of this later. Still it’s bogus. Probably won’t go in there anymore. Unless I need a common for the contest.
I'll bet it is consignment, as I saw a sale ad for what appears to be this exact same system (especially since you mentioned the black jumper lid) in a Facebook group.
I have a Collectors Case at my store Trade-N-Games of my best and most wanted items. It has a sign above it that says "No Trades out of this case" I have tons of trades each day of the most total crap that people were not able to sell on marketplace or Ebay and it often can add up quick even giving just quarters adds up $100 then they want the 4 PS1 final fantasy 7 @25 each just to sell them on Ebay. Now if they bring in items that are going in the case they can trade towards the case. Other than the 100 or so games in the case the store has 10,000+ other games to pick from
This is exactly right. A lot of collectors will try and circumvent the system and bring it 100 scratched up games or common hot garbage and try and get all the popular stuff and yes, they constantly bring in the stuff you can't ebay. So my solution is to just offer barely anything for the stuff that comes in. If they don't like it, so be it, but it adds up, so yes, some stores only do cash on higher end stuff vs trade in because of the circumvention.
Also, the op said it, he was trying to trade in crap to get something of highest value that attracts people. Store owners don't usually like that kind of trade.
I have a Collectors Case at my store Trade-N-Games of my best and most wanted items. It has a sign above it that says "No Trades out of this case" I have tons of trades each day of the most total crap that people were not able to sell on marketplace or Ebay and it often can add up quick even giving just quarters adds up $100 then they want the 4 PS1 final fantasy 7 @25 each just to sell them on Ebay. Now if they bring in items that are going in the case they can trade towards the case. Other than the 100 or so games in the case the store has 10,000+ other games to pick from
This is exactly right. A lot of collectors will try and circumvent the system and bring it 100 scratched up games or common hot garbage and try and get all the popular stuff and yes, they constantly bring in the stuff you can't ebay. So my solution is to just offer barely anything for the stuff that comes in. If they don't like it, so be it, but it adds up, so yes, some stores only do cash on higher end stuff vs trade in because of the circumvention.
trade n games . that is a better way (with the sign) to handle this type of situation but imo and I don’t mean any disrespect but it’s still bogus. I understand you don’t want someone trading in 2600 games you can’t move and they walk out with Musha.
I think the way way to handle it is how dream says. Give me nothing for store credit if you don’t want that to happen. I’d rather you tell me to kick rocks then tell me I can’t use my store credit on certain items.
you cant have your cake and eat it too. Your not going to let me use store credit for high dollar items but at the same time your not going to give me no where near what my zombie nation is worth in store credit.
Also, the op said it, he was trying to trade in crap to get something of highest value that attracts people. Store owners don't usually like that kind of trade.
I totally understand this. I’m not denying I was trying to trade up. But like you said just give me pennies or nothing. There is another store that will just tell me straight up they don’t want it. It’s a much better option imo.
... if they could surprise me and say my already-fake money to spend only in their store is even more worthless than I thought.
It surprises me that this would even be legal, since I would have thought that "store credit" fell into the same type of rules as "gift cards".
If the store doesn't want you to trade up crappy trades to good stuff, they shouldn't offer any credit for crappy trade ins. Either a beat up traded in copy of 1Xtreme is worth $0.25 in your store, or it isn't worth anything in your store. I'd never trade something into a store if they could surprise me and say my already-fake money to spend only in their store is even more worthless than I thought.
I agree.
“Hey, here is 50% of what your crappy games are worth in store credit but you can’t use it to buy good stuff”
wtf?
If I can’t use store credit on any item in the store, store credit shouldn’t be an option.
... if they could surprise me and say my already-fake money to spend only in their store is even more worthless than I thought.
It surprises me that this would even be legal, since I would have thought that "store credit" fell into the same type of rules as "gift cards".
This particular store has been threatened (not by me) with informing the better business bureau before lol
Also, the op said it, he was trying to trade in crap to get something of highest value that attracts people. Store owners don't usually like that kind of trade.
I totally understand this. I’m not denying I was trying to trade up. But like you said just give me pennies or nothing. There is another store that will just tell me straight up they don’t want it. It’s a much better option imo.
Exactly. If people are trading in crap that you store guys are getting stuck with, then you either need to not take said crap in the first place (like scratched up discs) or offer something like a nickel in credit to where you're selling it in a quarter bin in your store (sports games, 2600 commons, etc). If somebody brings in enough of that bullshit to get them $100 in store credit, then you're still making $400 on the deal anyway.
... if they could surprise me and say my already-fake money to spend only in their store is even more worthless than I thought.
It surprises me that this would even be legal, since I would have thought that "store credit" fell into the same type of rules as "gift cards".
This particular store has been threatened (not by me) with informing the better business bureau before lol
BBB is a useless group.
FTC is the federal government entity that regulates this kind of stuff.
(they have a Bureau of Consumer Protection)
States each have their own consumer protection offices, as well.
You'd need to research whether "trade in credit" / "store credit" has the same protections as gift cards, though to see whether it's worth griping about.
We don't do consignment, but we also aren't afraid that someone's gonna trade in 200 maddens for a N64, because if they tried that, I'd turn them down because I don't want stuff that's not gonna move. We do get in some junk, but you aren't gonna get top dollar (Cash or store credit) for it either.
Also, the op said it, he was trying to trade in crap to get something of highest value that attracts people. Store owners don't usually like that kind of trade.
I totally understand this. I’m not denying I was trying to trade up. But like you said just give me pennies or nothing. There is another store that will just tell me straight up they don’t want it. It’s a much better option imo.
I have a feeling if that happened instead you would have started a different thread on how you got offered pennies and wanted to just get some money off the n64 you wanted.
Also, the op said it, he was trying to trade in crap to get something of highest value that attracts people. Store owners don't usually like that kind of trade.
I totally understand this. I’m not denying I was trying to trade up. But like you said just give me pennies or nothing. There is another store that will just tell me straight up they don’t want it. It’s a much better option imo.
I have a feeling if that happened instead you would have started a different thread on how you got offered pennies and wanted to just get some money off the n64 you wanted.
Lol. You wish! I already mentioned there is another brick and mortar that will simply say they don’t want the items and that I believe that is a better way to handle it.
I dont think ive ever been offended by any offer. I simply take my items back home.
There is a game store in Lousiville KY(forget the name) that wouldnt let store credit be used on certain items. It was pretty frustrating when I realized it.
Are you referring to the toy and game store that had a booth at the flea market south of Louisville? That Game Force chain closed all locations when I still lived there. It could have been them too.