Wal-Mart, the world’s largest retailer is expanding its program to take in used games. Starting Wednesday, March 26, Wal-Mart plans to let video game owner’s bring in old Playstation, Wii, and Xbox games. Instead of getting cash, customers would receive a store credit.
The value for each trade-in video game will vary by the title, console and age of the game, ranging from a few dollars for older games to $35 and more for newer ones.
The cards can be used on anything from groceries to gadgets at any Wal-Mart or Sam’s Club store. It’s part of a move by Wal-Mart to boost revenue at a time many of its customers are having trouble making ends meet because of the poor economy.
The new initiative is being watched closely by Game-Stop, which gets a lot of business from the pre-owned category. Amazon, Target, Best Buy, GameStop and others also offer video game trade-in programs. In all, it’s a two-billion dollar industry. So Wal-Mart has some serious competition.
The retailer says there are still nearly a billion pre-owned games sitting homes across the country… and jumping into video games makes sense, now that the store is doing i-phone trade-ins as well.
In the past, Wal-Mart offered trade-ins on a limited basis online. Wal-Mart will also start selling refurbished used games in its stores for the first time.