GameStop considers installment plans for the PS5 and Xbox Series X.

Game Stop Even if you do not have cash in your pocket, this is to make it easier for you to buy a new console on holiday. The company is considering launching a number of alternative payment models this month, according to internal documents provided to GamesBit. These payment options include live, installment plans and rent-to-ownership. Game Stop Confirmed plans during its quarterly earnings report today.

These options can be crucial for this holiday gamestop. This PlayStation 5 And Xbox Series X. Both are launching this quarter, but gamers are expecting them to come up with higher prices. Microsoft has confirmed that the Xbox Series X is $ 500 earlier today. This COVID-19 epidemic could prove costly for millions of people on dysfunctional or low pay. And while many will probably choose not to buy a system if they can’t afford it, GameStop thinks it can help people who want to scrimp and save.

This differs from the Xbox All Access Access, which is MicroSt’s own program that enables players to get the Xbox Series S or Xbox Series X for મહિના 25 or $ 35 per month for 24 months. In addition to other third-party payment options, Xbox is offering all Access Access.

Here’s how these payment programs work.

Game Stop layaway

Layave enables customers to keep the product on reserve at the store until full payment is completed. This enables customers to send money towards purchases in small portions.

Once you pay the full price, then you can take your PS5 or Xbox Series X.

Installment plans with third-party processors

GameStop is also adding support for third-party payment services like QuadPay and Clarna. These companies enable you to split purchases into 4 payments over a 6-week period.

This payment is interest free. Instead, QuadPay or Clarna take commissions from retailers.

Above: Internal memo to gamestop store administrators.

Image Credits: Sportsbat

Rent own

The retailer is also planning to work with a separate company to provide a rent-to-own option. Here’s how Gameplay describes it to managers in its memo:

The Chamber is working with a reputable third-party partner who offers rental-to-own options for most items in your stores. The plan allows the customer to go out the door with a minimum of up-front money and pay for their purchase between 30 days and 12 months.

Game Stop says customers can use this to pay with the game. And it also offers the option to return the product at any time during the 12-month pay-period f period.

Gamestop Penny You need to buy a console

This upcoming holiday season is important for the world’s largest sports-exclusive retailer. Gamest Top Pay has seen its revenue and stock prices decline in recent years as more game revenue goes digital. But you can’t download new hardware. And during the PlayStation 4 and Xbox One debuts in 2013, GameStop played a significant role in console sales. The company hopes to repeat this holiday and in 2021.

This is part of ensuring that payment plans can work. Of course, it’s still an open question what the console launch will look like.

Microsoft, along with Xbox Access partners, has released pricing and some predecessor information on the Xbox Series X today. Sony has not announced prices, let alone retail partners. But Sony announced a pre-order-signup program for its own online store. It is possible that Sony and Microsoft could reduce the involvement of brick-and-mortar retailers for a while.

Whenever it is able to get Xbox Series X and PS5 stock, GameStop’s new payment options should still help it.