Goozex

I'm still not sure this will break the logjam. They had a good thing about 12 months ago and then screwed it up somehow.

Are there any comparable services out there?

The idea still interests me, but man Goozex has/had/still has some internal issues they really want to iron out. I'm glad they are thinking about the economy, and it is important to incentive sellers, but raising the cost of games is not going to interest me to try the service out again as a buyer.

demonbox wrote:

The idea still interests me, but man Goozex has/had/still has some internal issues they really want to iron out. I'm glad they are thinking about the economy, and it is important to incentive sellers, but raising the cost of games is not going to interest me to try the service out again as a buyer.

They need to raise the cap to address the inflation problem. They need more people offering games.

Yeah, inflation is the only way to deal with the excess of currency in the system. As someone sitting on a few thousand points I'm not happy about it, but I'd rather get a little something than nothing at all.

The one alternative I can think of is if they were to buy a bunch of games and pump them into the system and eat the points, but I'm not so foolish as to expect that; no investor would ever buy in.

I notice they've also offered some contest-style incentives for people who trade their games, and I hope they do some more of that to get things moving again.

Fair. Just because it doesn't benefit me personally (short-term) doesn't change the fact that there is too much $ and not enough product.

Well, I finally got matched up (and confirmed shipped) on an old N64 game that's been sitting requested for well over a year and even got matched and the seller cancelled saying he didn't have it anymore.

Sounds about right.

There are still only 781 trades going at this moment. I'm on the fence about offering a few games I have absolutely no intention of playing anymore (Dark Void, Resistance, and BlOps1) but I'm still not sure the points are worth it. I guess I'm a perfect example of the problem they're having.

With 781 at present- I wonder what the churn is. Curious what that means stretched out to a year.

Well, when I joined back in around 2009 there were anywhere from 3-5000 going on at any one time, for context.

I dropped Dead Rising 2 back onto my offers list and got a match...I was about to reject the trade, thinking I should wait awhile before trusting Goozex.

Then I realized my trading partner was our own Johnvanjim! Now I'm going to go ahead and go through with the trade.

*laughing* I was wondering why Goozex sprang back to life! I haven't had a trade go off for over a year now. I'll keep my eyes peeled and drop confirmation as soon as it hits my mailbox.

I guess the new owners are doing what they can to try and resuscitate the brand, hopefully those excess points and tokens aren't going to go the way of hyper inflation.

Just got matched for my 2nd game in 2013. I'm now down to 1000 points, assuming the trade goes well. If I get any more movement, or I see any uptick in trading, I'll likely throw out one of the games on my queue I've had on hold.

Whoa. Someone just shipped me Dishonored.

EDIT: and Blur. WTF is going on?

firesloth wrote:

Whoa. Someone just shipped me Dishonored.

EDIT: and Blur. WTF is going on?

Dishonored is under special promotion (they sent an email about it). Ship it to someone and if you don't get matched for something else in some time period I can't remember, they'll send you back a new copy of Dishonored and let you keep your points. There are 29 trades of it going on right now. I don't know about Blur.

I've sent out a few more games recently, but only been matched to get one in since the start of the year. Trades have been above 700 and usually in the mid 800's for most of the time under the new management.

Well if you have a bunch of points hanging around on Goozex and you feel like burning them all to get out you can now bid on stuff like Amazon gift cards

Goozex Traders!

The New Goozex Exchange now offers the ability to use your Points to purchase all kinds of items including cash! This week we are offering items like Amazon gift cards, controllers, cash and much more, many of these are free to bid on!

Well, folks. Goozex might be dead. The website went offline the beginning of January and hasn't come back up since. Radio silence from the site owners on their Facebook page since a post on January 1 stating:

Goozex wrote:

We apologize for the downtime. We are working hard to get the site back up.

Two months later, nada. Just lots of unanswered questions on the Facebook page. A little digging found this:

Bay Acquisition Corp. Files Lawsuit Against Meyers Associates, L.P. for Breach of Contract

Which seems to indicate the new ownership group of Goozex is suing a brokerage firm for funds being withheld pertaining to the operation of Goozex. I can't see why this would lead them to completely shutting down the site but I can't see much hope for it coming back after this.

That's too bad. I got some good use out of them at one point, but they definitely went downhill. I feel bad for the people who had a lot of points banked that they couldn't redeem.

Wow. Glad I pretty much cashed out in November!

That sucks. It seems that the system was never fully polished (a lot of waiting was involved) but it was a great idea, and often a pretty cool place to pick up an older game on the cheap.

Evo wrote:

A little digging found this:

Bay Acquisition Corp. Files Lawsuit Against Meyers Associates, L.P. for Breach of Contract

Which seems to indicate the new ownership group of Goozex is suing a brokerage firm for funds being withheld pertaining to the operation of Goozex. I can't see why this would lead them to completely shutting down the site but I can't see much hope for it coming back after this.

Finance is funny. I'm no expert but presumably without the funds being freed up, they can't pay to keep the website up: they'd be paying someone to run the servers, an ISP for bandwith, and whatever staff they still have/had.

Even if they came back up, psychologically, this is going to scare off even more people.

I'm no help. I wanted to believe in Goozex, but I switched to trading in at a local shop to start building up credit towards a new console.

I figured they might be able to borrow to keep the site going. The amount cited as being withheld seem like a trivial amount to shut off the site, since shutting it down will surely damage the brand beyond recovery. It makes the most sense to presume that the owners are cutting their losses on what appeared to be a losing venture. Assuming the worst, they intended to hang users out to dry all along and are using the lawsuit as cover for their actions.

Based on the broken economy and loss of users I doubt anything could have brought it back even if it was managed properly. I think the brand was tarnished already for the many people who tried to stick with it and just could not get any of the games they wanted.

When trading was very active and you used the queuing properly, it was a great system. There was almost always a game available that I wanted to play and I never had trouble trading away titles to earn credits. I'm glad I never carried a credit balance like some folks I'm reading about on the Facebook page saying they had 10,000+ points and 10+ tokens left. I usually traded away a game or two to earn credits when I wanted a new one. PS+ has filled the gap for me but I might try Leaptrade.

If Leaptrade turns out decent let us know- always curious to know whats out there.

demonbox wrote:

If Leaptrade turns out decent let us know- always curious to know whats out there.

I'm trying to send in some of my games to earn credit. Not much demand for the games I'm offering, which is a little surprising since I'm offering games like Portal 2 and RDR. Might take me a while to build up enough credit to start requesting titles, which was the opposite problem I had on Goozex.

The economy on Leaptrade seems OK and responsive, but it simply suffers from low volume right now. I'm investing, though. Traded away one title today and I'll be listing several more today to see if there's any interest.

Sorry for the thread bump, but I know a few were interested in Leaptrade. I've had a chance to trade away four games on Leaptrade and I'm in the process of requesting a couple. Users have been very responsive to give feedback on games I've shipped, which is good. Demand seems low but I was able to offload Dark Void, Resistance 1, Borderlands 2 and Rock Band 2 over the last few weeks. There seems to be a major surplus on newer/more popular titles, like GTA V, Battlefield 4, Call of Duty Ghosts, etc... but selection outside of that is fairly abysmal.

There are a few things majorly lacking from the system Goozex had in place. First, it seems to be impossible to see other users trading history. Only that they've completed trades - not what kind of feedback they've given or received. Also, you can't queue for games unless you actually have the credit in your account to purchase it, which could be seen as either a good thing or a bad thing depending on how you viewed the queuing system on Goozex.

In terms of the economy, 360 games seem to be in higher demand and are priced accordingly - about 15-20% higher than PS3 titles in many cases. Other than that sort of wide difference in pricing, games seem to be priced fairly sensibly. On the worrisome side, I did notice that it's possible to purchase credit, which is the main contributing factor that led to Goozex's failure.

It seems very basic but it seems to work OK. I'd say if you're like me, and have some relatively older games that you're looking to salvage for some credit toward newer ones, it might be worth a try. I can't say that I have a whole ton of trust that I'll be taken care of if one of the trades I'm receiving doesn't show up but I don't feel like I'd be out a whole lot for giving it a try. I'm matched to receive Far Cry 3 and Dirt 3 on PS3 (wow, that's a lot of 3's), and if I get those for what I traded in, I'll feel like I've gotten a good value out of it.

Thanks for the impressions.

Also, you can't queue for games unless you actually have the credit in your account to purchase it, which could be seen as either a good thing or a bad thing depending on how you viewed the queuing system on Goozex.

That's a good thing in my eyes. I got very frustrated by how often I'd move backwards in a Goozex queue because someone had managed to queue up a game at launch and hold it for ages.

The decision to not let you purchase credit is absolutely the right way to go.

Goozex started going downhill when you could start buying credit to get games, removed every little bit of incentive to actually trade games which is the only reason it worked at all in the first place.

Kamakazi010654 wrote:

The decision to not let you purchase credit is absolutely the right way to go.

Goozex started going downhill when you could start buying credit to get games, removed every little bit of incentive to actually trade games which is the only reason it worked at all in the first place.

Unfortunately, it is currently possible to purchase credit on Leaptrade. This is worrisome considering how tough it is to actually trade games out and earn credit. If you're patient and can cope with the way the system works, it's not hard to earn credit - it just takes a while. But people are mostly impatient and require instant gratification, so I'm sure they're selling some credit.

One thing I forgot to mention that is a perk to this site is that there is friend-to-friend trading. You can see users game libraries and request specific games from them. If anyone wants to add me, I'm Evo_47 on the site.

Interesting...Goozex.com isn't available right now. Is it just down or gone?