GameStop’s FlexPay Payment comes with Pay Later and Rental Plans

Image Source: GameStop

GameStop is making changes to its existing purchasing plans for the forthcoming holiday season 2020. The new FlexPlay payment option by GameStop offers the potential buyers of PlayStation 5 and Xbox with some robust plans like rent-to-own. GameStop has also introduced the popular buy now, pay later mode for people who want to try out new consoles before paying the total billed amount.

GameStop, the largest gaming destination for consoles and games has already put out Pre-Order for PlayStation 5 prior to its release in the US. According to GameStop’s official website, PlayStation 5 starts at $499.99 for the standard edition. PlayStation 5 will be available in two other editions such as Digital Edition and Starter System Bundle with a price tag of $399.99 and $769.99, respectively. At the same time, the website will be selling Xbox Series X and Xbox Series S AT $499.99 and $299.99, respectively.

To entice customers, GameStop is collaborating with Progress Leasing and offers three plans, such as Quadpay, Klarna and rent-to-own. The only plan which is receiving scepticism from potential customers is the rent-to-own plan. According to Progress Leasing’s collaboration with GameStop, customers have to pay 200% more than the actual price of the console. For instance, if you purchase an Xbox Series X at $499.99 then for the next 12 months you’ll be paying a collective amount of $1,818.75. 

There might be a chance that the rental company has to cross-check on the rent-to-own plan as it will draw the customers away from GameStop. Microsoft has already revealed its Xbox All Access plan to the Xbox gamers during the Xbox Series X World Premiere. Both PS 5 and Xbox will be available in the markets from November 10, 2020.

There might be a few changes in GameStop and Progress Leasing plans as the nation-wide Holiday Season sale is a few days away!

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