GameStop customers can pay for their PlayStation 5 or Xbox Series X in installments this season. The new payment options include a layaway option, third-party installment plans and a rent-to-own process according to internal documents obtained by VentureBeat. The expanded payment options were confirmed in GameStop’s quarterly earnings report on 9 September.
Here is a quick overview of the three most important payment options:
Layaway: You can reserve a console in the store until you pay it in full, so you can contribute with smaller payments at a time.
Installment plans: GameStop offers installment plans with third-party payment services, including Quadpay and Klarna, which allow customers to pay for their purchases in four installments over six weeks at no additional charge.
Rent for own: In an internal memo, GameStop said it is working with a “reputable third-party partner”
Shoppers can also choose Microsoft’s Xbox All Access plan via GameStop. Xbox All Access is available for both Xbox Series X and Series S and allows you to make payments over a 24-month period that costs $ 35 per month. Month for Series X and $ 25 per. Month of Series S. Xbox All Access also includes Xbox Game Pass Ultimate, and because of this benefit, it’s actually cheaper to choose the All Access plan instead of buying the console and subscription separately, saving you $ 59 on Series S and $ 19 on Series X. Xbox Series X and Series S pre-orders go live on September 22, so you can probably sign up for Xbox All Access as well.
Unfortunately, no such payment plan has yet been announced for PlayStation 5; in fact, at this point, all we know about PS5 pre-orders is that the first round will be available on an invitation-only basis exclusively from PlayStation’s own store. We do not yet have a price and do not even know when or which third-party retailers have PS5 in stock. However, we can learn more on September 16 during a new PlayStation 5 showcase. But in a year where so many people have lost their jobs or had their salaries reduced due to COVID-19, it is certainly a positive thing to have a wider number of payment options, including Xbox All Access.