CEX Credit to GS @387% + Final Destination Update
Call me crazy – call me a renegade – call me a loopholer who don’t play by the rules… Who makes up his own rules… Then plays by them.
*That* would be an accurate portrayal of todays post. CEX Credit into GS Credit… In order to continue fire fighting this giant fire sale… In order to get even more CEX credit.
It struck me the other day… I’m buying all these bits and pieces from GameStation (in my attempt to keep them afloat) and most of the time – I’m paying cash. Which, is good for the company – but I’m the mother-frigging-LoopHoler – I shouldn’t be paying cash.
Although the 10-day-return is being scrapped over the course of the administration – and (so I’m now told) it’s a 80% chance the PriceMatch is going too (certain stores – including my own – have already ‘held’ this – so its straight trades only)… There still must be room to make a few quid!?
In summarisation – Yes. Yes there is.
I was still sitting on my last horde of pre-website-shut-down (if you hadn’t noticed – the websites of Game Group have all been closed) goods as well as a boot full of other fire sale bits (every time I have a business meeting in a random part of England, ill venture to their GameStation to have a quick look round for titbits.
ALL cost me £1.98/£1.99 each
But before I decided to cash them in – I thought I would give the “losers” a quick re-scan at GameStation.
I’m talking the games that id stocked up on and the price had fallen at CEX.
Most surprising of them all was Strangehold. This is probably one of the oldest games I can remember playing on the Xbox – and if you look at my Gamerscore (which is automatically listed in “Date Played” order, Strangehold is right near the bottom – with Perfect Dark Zero, Kameo and the such).
*BUT* considering these are/were on the shelves of every Game/GameStation – as well as packed-to-the-rafters on their website for a mere 98p delivered (yes – delivered), and with a lowly trade of (something like) £1.10 at CEX – I was thinking that this gem of a classic couldn’t possibly hold much value.
I stand corrected (said the man in the orthopaedic shoes).
Stranglehold trades for £3.80 at GameStation? [jaw drop]
This game is freely available at CEX (and their website) for £2.00 – that’s nearly double your money from CEX to GS credit.
Seeing as all my CEX credit recently has been doubles (Arcania, EA Actives etc etc) then really, that £1.98 spend, that trades for £5.00 that could be turned into 2x copies of Strangehold (and have £1 change) could be traded for £7.60.
£1.98 to £7.60 + £1 CEX Credit change? 334% Profit?
This puts a new dimension on the Fire Sale. Unfortunately, my last bundle of credit notes are currently in the post to CEX Towers as we speak (eh, type) as its counteracting the £100+ order of BluRays I made the other day. But I am expecting a nice £40+ voucher in return (my change as I only £30~50 vouchers kicking around).
So I will be testing the water with other games too – see what they are looking like.
I appreciate the pessimists amongst the readers here will say that they are either A) Jumping up the prices, because they want as much tied up in Credit as possible for when they go pop – or B) They are simply trying to win people back and the rates will not last… But *IF* I’m spanking the credit instantly (which I am) then surely it’s a win/win?
Worth a look people!
How have people got on with the last loop? I myself have now managed to unload 4 lots of 5 Final Destination online – (5x BluRays posted 1st Recorded was costing me £3-something) and I’ve just managed to squeeze out my 6th (yes – count that up in your head) bundle of NINE into my local – and STILL the price is holding!?
More Arcania copies arrived – and found a Templar kicking around from a previous Loop.
Cash, Cash, Cash – its been crazy brilliant.
But here’s my update – as always, I strip the BluRays of anything that isn’t required. In this case, you don’t need the digital code – and they don’t specify that they need to have the Lenticular Outer Case (Slipcase).
So I’ve stuck those on eBay too – and at £1 a time, it just adds that little extra bonus on top.
Again, the pessimists and the abusers (when are you people going to realise that 1) I don’t respond to your harassment/abusive emails and 2) If you then write it as a comment on the bottom of a post – I just click delete as soon as I’ve read the first 4 or 5 abusive words. I’m not kidding – some of you seem to be spending *SO* much time writing these things that just get deleted?!) will say that there’s no point putting this sort of stuff on eBay because:
Selling at £1.99 (codes) means I will take a 10% ebay hit (20p) plus the standard 25p+3.5% PayPal Hit (32p) and the cost of postage (you can opt to email codes – but I find these are getting more and more easy to get your money back on as a large majority of people just say they didn’t receive it and without physical proof – you’re screwed – so add 43p postage on top.
This means for every code sold – I’m ‘netting’ about £1.04 (lol).
But – this is my defence:
They have cost me nothing. They are easy to send (slip in an envelope). If I don’t have time to go to the post office (which is unlikely as I always have bits and pieces to send) they can be sent in a post box – but you lose the proof of postage. Most importantly, they build up my eBay profile. Its all about percentages – so 1 cheap negative against (for example) 10 positives for £1,000+ sales – is still shown as 91% positive on your profile. If I can have 100 cheap and cheery 5-star positives on my profile – then this will keep my star count high – and maintain a good level of selling.
If you don’t really care about your eBay account – then you don’t really need to do any of this. If I realise that codes aren’t selling – I give them away to BookFace friends instead.
However, the lenticular cases do marginally better – as these are considered collectors items (to certain people).
I was banging these out at £1 + £1-something postage. Again, these passed as letters, so I think the postage was only 43p standard. So I was probably making £1 on them.
Which considering I’ve done so many – I must have 30 or 40 of these sitting on my shelf at home (I admit, I forget to take the cases on the first few bundles I done – and worse still – I forget to take out the codes of the last 18 I did in store!)
But its all just little brucey bonuses. I keep all the money in my PayPal and then when I see something I want – I buy it – and when it comes to the “breakdown” it says something like £3.43 from Debit Card and £16.57 from Balance. Which always makes me smile that it stacks up like that (and you forget about it!)
Not sure how long the price is going to hold at CEX though. Its been on the website for a while now – and not moved, so people who think that they hawk this site are wrong (although id be foolish to think they didn’t scan it once in a while haha).
But with HMV express postage being so expensive – it makes me think twice.
Their returns policy is pretty sweet though (they have stopped doing exchanges and will *only* refund you cost), so without having done the returns policy myself for a while – I don’t know if its free post returns – but the thought of such “win” (£45 cash profit per 9) is still very tempting.
Ill have a think.
Loop signing out.