GameStop Introduces A Gift Card Exchange Service
GameStop has introduced a new “gift card exchange” program for its customers. By going to this website, you can enter in gift cards from other stores and retailers, get a quote on them, and then convert them into GameStop gift cards. The service won’t provide a physical card in return but instead sends a digital one to your email. Because of this it seems unlikely that the service will be offered in stores.
This service is provided through the website, Cardpool. Cardpool buys old gift cards at a percentage of their worth and sells them at a discounted cost.
Whether this service will exchange gift cards at a one-to-one rate or offer a reduced amount for them is not yet known. GameStop has become a bit of a running joke on the Internet for their low payout on used game trade-ins. You can find the tweet below.
Introducing the gift card exchange: a service that turns gift cards from other stores into GameStop gift cards. http://t.co/1GGpKOvBtD
— GameStop (@GameStop) July 16, 2014
We’ll update this story when we hear more.
Update 16th July:
In response to how the exchange rate worked GameStop said, “The rates offered for gift card exchanges vary depending on the merchant.”
They also added, “We are always looking into new ways to reach consumers with our service and hope to announce some exciting news soon!”