Wal-Mart’s got game

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.

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