It should be noted that the warranty that Microsoft currently extended to three years only covers the “Red Ring of Death” problem. No other problems are covered under the three-year warranty extension. For $99, the company will fix any problem outside of this, with work warrantied for three months. After that, customers will continue to have to pay $99 each time they have a problem, or purchase an entirely new system. Coverage is offered for those who bought and live in countries where the Xbox 360 was officially released; depending on the country, the customers will either have their consoles repaired or replaced. This policy will be transferred to a new console if one is exchanged through the Microsoft Service Center. All repairs come with a 90-day warranty starting at the date the repair is finished, or the original warranty, whichever is longer. Once past this date, the customers can pay around $140 (£80) to receive a repair or replacement. This charge covers shipping and handling, as well as a one year warranty on the repaired or refurbished console. There is also a service contract available through Microsoft (in select countries) to extend this warranty by up to 2 years at a time. The cost is $29.95 US per year and can be extended up to two additional years.The estimated time to fix the Xbox 360 is 21 days. According to a GameStop memo, GameStop will no longer be selling product replacement plans for new, used, and refurbished 360s.