With Microsoft and Sony unveiling pricing and release dates (Nov. 10 and 12, respectively) for next-generation video game consoles and software, GameStop has partnered with QuadPay to offer consumers an in-house “buy now, pay later” financing option that incorporates their existing credit or debit cards.
GameStop is seeking to build out the capabilities and services of its digital and in-store ecosystem by offering gamers a variety of payment options to more-affordably purchase video games and other merchandise this holiday season.
QuadPay lets consumers split any purchase into four interest-free installments paid over six weeks using their existing credit card or debit card when they shop online or in-store. It is available at GameStop’s retail stores and at GameStop.com.
“As we continue to find new ways to expand the purchasing choices for our customers, we are pleased to partner with QuadPay to offer a new flexible payment option that will enable customers to affordably purchase the products they want from us this holiday season,” Chris Homeister, chief merchandising officer for GameStop, said in a statement.
The financing option comes as Microsoft reintroduced its Xbox All Access, enabling consumers to split the cost of a console purchase for $24.99 monthly over 24 months.
GameStop joins QuadPay’s network of more than 4,700 integrated merchants and global retailers. Within days of implementing their system, QuadPay claims merchants typically see an increased conversion rate up to 20%, and average order values increase up to 60%.