The Goozex Exchange was a feature of Goozex that many members loved. The Exchange allowed members who had built up a small fortune of points to spend those points on brand new games. This was a very popular feature of Goozex that happened only sporadically. Now, the Goozex Exchange is making a mighty comeback in a new form. The new Goozex Exchange now has an auction format, which allows members to bid on items.
The Goozex Exchange auction is another way for members to spend their points and get something they want. This is fantastic news for members who are finding it difficult to get matched with a trade. You now not only have a way to spend your points, but you have an excellent reason to start selling your items again. No longer is it considered bad form to build up a large point balance, cause chances are, you’re going to be spending those points.
In the future, there will be even more new ways to spend your points as Goozex management is working hard on making Goozex your one and only trading site for games and movies. For now though, the Goozex Exchange auction is the excitement.
Goozex Exchange First Auction Items
- Metal Gear Rising Revengeance (PlayStation 3 and Xbox 360)
- Tomb Raider (PlayStation 3 and Xbox 360)
- BioShock Infinite (PlayStation 3, Xbox 360 and PC)
- Tomb Raider Survival Collector’s Edition (Xbox 360)
- Gears of War Judgement (Xbox 360)
- Crysis 3 (PlayStation 3 and Xbox 360)
- God of War Ascension Collector’s Edition (PlayStation 3)
- Halo 4 (Xbox 360)
- The Amazing Spider-Man (WiiU)
- Ninja Gaiden Sigma 2 Plus (PSVita)
- Atelier Ayesha: The Alchemist of Dusk (PlayStation 3)
- Castlevania: Lords of Shadow – Mirror of Fate (Nintendo 3DS)
- Wreck-It Ralph (Bluray)
How the Goozex Exchange Works
- Goozex lists games and movies in the Goozex Exchange and provides a
- Starting point price
- Start and end date for the item
- Traders can place bids in 50 point minimum increments.
- Entering an auction costs 1 token (non-refundable), which should eliminate any phony bids to jack up the cost of the item from people who have no intention of wanting to win.
- The member with the highest bid wins the auction.
- If a bid is placed within the last 15 minutes before the end time, then the end time is extended for an additional 15 minutes.
- If you place a bid and are then outbid, you will get an email alert. You will not have to spend a second token to rebid.The winner of the auction pays Goozex for the points they bid plus the token value of the item. For example, a 1200 point win results in a charge of 2 tokens (based on the new token pricing system). Here’s more information on how tokens work.
- When a member wins, the points and tokens are automatically removed from their account. Once a bid is placed a member cannot change their mind.
- Bidders must have the required amount of points and tokens in their account to place their desired bid.
The Company says that at first they expect a few items to be posted at the same time but that over time, and as the program becomes more popular, that this will increase substantially. New items will be added based on the popularity of the new Goozex Exchange. If only a couple of people bid then fewer items will be listed, if however, hundreds or thousands of people bid then they will add items daily. And if you’re wondering if you can put your own items up for bid, that might become a possibility for the future.
The goal of the Exchange is to expand the use of points on Goozex and they are thinking about future programs. Will this be an incentive for members to collect points by trading items into the system so as to be able to participate in these new programs? Only time will tell with what the new Goozex has in store.
The new Goozex Exchange starts in March. Tell us which games and movies you’d like to bid on? Was your game on the list? If not, drop a comment stating which games and movies you want to see in the auction.