GameStop's simplified game trade-in pricing starts in August

After confirming to GamesBeat that it is planning to streamline its used-games process, GameStop is finally providing details on when it will roll out.

The game retailer’s new simplified trade-in pricing model starts Aug. 18 nationwide in the U.S. Under this new plan, every game will only have four possible trade-in prices. That value will vary depending on if the customer is a member of GameStop’s Power-Up Rewards loyalty program or not and whether they want cash or store credit. In 2013, GameStop exchanged $1.2 billion in store credit for used games, and it claims that 70 percent of that went toward new purchases.