The site concept is very easy – its buying somewhere for cheap and turning it into something of better value elsewhere.
Usually in the form of store credit at high street retailers such as Gamestation/Game, CEX, Argos etc.
But also, when the ‘Cash’ option is there – this will also be a recommended exit strategy!
Think of this as an Entertainment Foreign Exchange. We’re buying our “shares” (aka Games, DVDs, BluRays) at one store (online/high street) and sending/walking/deliverying them to another store that has their value at much better then we paid (we like to aim for around “Double your Money”).
The process is very time dependant, as one site offers the goods super cheap (and we decide to fill our boots) – its usually a matter of time before the other stores (where we’ve targeted as being our offload point) changes their prices. But of course there are certain ways around this sort of thing and we will outline that needs to be done in the post.
We will also advise if CashBack is available on the items, so that you’re deal to turn £10 into £20 – also produces you a little ‘CashBack’. For anyone unfamiliar with CashBack, we advise reading our dedicated section and taking advantage of our UK Exclusive £2.50 CashBack Bonus.
The LoopHoles posted will usually contain all the information you need in order to take part and score yourself some sweet profit. However, it may take a couple of loops in order to get comfortable with the terminology and process. Certain loops will require certain store policies to be used/quoted (to our advantage). These (again) are all outlined where necessary – these can be along the lines of 10 Day Return Policies, PriceMatching and so on and so forth.
Nothing we do is illegal. Fact. Straight up. I promise. Nothing is even airing on the side of legality… Its literally as simple as I’ve outlined it. We buy stuff in one place – and use a stores own policy to maximise a return on the product.
Yes – certain stores will HATE the fact that you are obviously turning a profit and have found a nice loophole to make a few quid – they will (in some instances) try their best to dissuade you or put you off, even throwing made up rules at you (it happens) – but there will always be a way to get around them!
If you still have questions, concerns or confusion – then have a quick look at our FAQ section and see if its answered there. If not, why not send the LoopHoler a question from our contact form.
Only too happy to help!