What happened Even on a sharply downbeat day for the stock market, GameStop (NYSE: GME) was a real flop. The video game retailer's shares cratered by 10.3% on Monday. Investors, it seems, aren't taking kindly to the company's newly announced financing services. So what GameStop just unveiled its FlexPay suite of hardware and game rental services. These comprise three offerings: buy now, pay later; no-fee layaway, and rent to own. GameStop is partnering with a trio of specialist companies to offer these options: up-and-coming fintechs QuadPay and Klarna for the first two, and lender Progressive Leasing for the third. Image source: Getty Images. Several commentators have been sharply critical of these offerings, describing one or more as a "scam" and "disgusting" for those with credit issues. Author Derek Strickland, on the TweakTown gaming website, writes that he did a quick calculation on a rent-to-own arrangement for a $499 gaming console. "The results were absolutely mind-blowingly bad," Strickland wrote. "Assuming you don't have any credit, buying a $499 console with Progressive Leasing with payments across 12 months would cost $1,181.75 in total." Now what GameStop had been a wobbly business even before the coronavirus pandemic swept the world and started keeping consumers away from retail stores. The company's foundational brick-and-mortar sales model isn't very effective in this Age of the Download. It's admirable that management is trying to devise new revenue streams. These sharp criticisms of the new programs aren't going to help, though. 10 stocks we like better than GameStopWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and GameStop wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool recommends GameStop. The Motley Fool has a disclosure policy.Source