How do pawn shops work?

Update:

Will the take Beanie Babies

3 Answers

Relevance
  • 1 decade ago
    Favorite Answer

    They pay pennies on the dollar for what is usually stolen goods.

  • 1 decade ago

    You can sell your old things to a pawn shop and receive money in return- or you can use your old things as credit to buy something else they have. Some pawn shops also will lend you money, and hold a possession of yours in return. If you do not repay the money by the set date, they'll sell it to settle your debt.

  • Crash
    Lv 7
    1 decade ago

    http://en.wikipedia.org/wiki/Pawnshop

    See this link for an explanation.

Still have questions? Get your answers by asking now.