13 Best Places To Sell Your PS5 Online For Real Cash
The video game industry is booming, and if you’re a fan of games, you understand how costly it can be to keep up with the newest releases.
A fantastic way to generate extra cash to pay for new games is by selling old ones you don’t play anymore. Your PlayStation 5 doesn’t have to go to waste if you’re done playing with it.
When you’re looking to sell your PS5, find a reputable and reliable buyer. Luckily, there are plenty of places online to sell your PS5 for real cash.
This blog post will list 13 of the best places to sell your PS5 online. If you’re looking to sell your PlayStation 5, read on for the best places to do so.
What Determines a Used PS5’s Value?
The PlayStation 5 is one of the most sought-after consoles today. With its cutting-edge graphics, immersive gameplay, and sleek design, it’s no wonder everyone is clamoring to get their hands on one.
However, due to high demand and limited supply, the PS5 has become quite a hot commodity, fetching quite a high price tag on the secondary market.
What exactly determines a used PS5’s value?
There are a few factors that come into play when determining the value of a used PS5:
Availability: The more scarce a console is, its value will be higher. The condition of the console is also considered – a PS5 in mint condition will be worth more than one that’s been damaged or well-used. Additionally, special editions or bundles that include additional accessories or games will also be valued higher than a standard model.
Price: The value of a used PS5 is determined by how much someone is willing to pay for it. With prices ranging from $1,000 to $10,000 or more on the secondary market, quite a few people are willing to shell out top dollar for the latest and greatest console.
Condition: The condition of the console is also essential when it comes to determining its value. A gently used PS5 that’s been taken care of and hasn’t been exposed to damaging elements will be worth more than one with scratches and other signs of wear and tear.
Model: Different models of the PS5 can affect its value. For example, a special edition console such as the limited-run 500 Million PlayStation 5 or the Digital Edition might be worth more than a standard model.
Accessories: An attractive bonus for many buyers is any additional extras that come with the console—things like extra controllers, games, or unused subscription cards.
Age: The older a PS5 is, the less valuable it will be. The newest models will always fetch a higher price than those that have been around for a while.
Best Places To Sell Your PS5 Online For Real Cash
Are you looking to sell your PS5 online for real cash? Here are the best places to do it! Whether you’re looking to get rid of your old PS5 for a new one or need some extra cash. Don’t forget to take a look at How To Make Money Starting With No Money, if you are looking for further ways to build your wealth.
Decluttr
With Decluttr, you can sell your unwanted items quickly and easily. All you need to do is enter the barcodes of the items you want to sell, and Decluttr will give you an instant offer. Once you accept the offer, Decluttr will send you a shipping label so you can send your items for free. Plus, payments are processed within 24 hours.
All you need is to sell $5 worth of items, and they will send your payment the next business day after they receive your items.
Pros of using Decluttr
- Instant valuation with no haggling or negotiation
- A safe and reliable way to sell
- Get the best price
- Receive your payment via PayPal or check
Cons of using Decluttr
- The prices may be lower than other sites
- No guarantee of payment if the item isn’t accepted
Gizmogo
Looking to get rid of your old tech gadgets? Gizmogo is an online platform that allows you to sell your used electronics, including PS5s. You simply need to search for your device on its website and receive an instant quote. Once you accept their offer, they’ll send you a shipping label so you can send your item.
Currently, you can sell a PS5 to Gizmogo for close to $359.30 and a PS5 Digital Edition for $313.09. Nevertheless, the best offer fluctuates regularly, so confirming the current prices is worthwhile.
A good idea when it comes to buying and selling is further outlined in 30-Day-Waiting-Rule | How To Control Impulse Buying, check this article out for more useful tips.
Pros of using Gizmogo
- Free Shipping
- 15-Day Quote Guarantee
- Instant Payment
Cons of using Gizmogo
- No trade-in option
- Lower-than-expected offers for some electronics
- Limited payment options (only PayPal)
Swappa
Swappa is a user-to-user marketplace for either new or gently used technology. Buyers and sellers connect directly, and all devices must be listed as fully functional to sell on Swappa. To guarantee this, a customer service team reviews the devices before they are put up for sale.
Pros of using Swappa
- No transaction fees
- Money is paid via PayPal
- Secure payments
- 24/7 Support
Cons of using Swappa
- No in-person sales allowed
- Only PayPal is accepted as a payment option
- No bulk selling options
OfferUp
OfferUp is a mobile app allowing sellers to list their PS5s on its platform. It also provides secure payment options. OfferUp is a mobile-first marketplace that enables customers to connect to buy and sell items. Unlike many online marketplaces, OfferUp emphasizes transactions that occur in person.
Pros
- Free to list items and sell
- Buyers and sellers can create a profile
- Option to leave a review
Cons
- Poor customer service
- No shipping options
- Limited payment options
Mercari
Mercari is an e-commerce company from Japan that was established in 2013 with offices based in the U.S. Mercari is a mobile marketplace app that makes buying and selling new and used items easy.
Pros
- Buyers can use a credit card or Apple Pay
- Sellers can choose to have their payments deposited directly into their bank account
- Free shipping on some items
- No fees on listed items
- Easy to use, with a simple interface
Cons
- Charges a 10% fee on sales
- No bulk selling options
Craigslist
Craigslist is a popular online classifieds website that allows users to buy, sell, or trade goods and services. Craigslist is particularly popular among millennials, who are more likely to use the site to buy and sell goods than older generations.
Pros
- Convenient and easy-to-use marketplace
- No fees for listing items
- Ability to find local buyers
Cons
- Prone to scams and unreliable buyers/sellers
- No guarantee of payment if the item isn’t accepted
- No customer service support
StockX
StockX is a premier reseller marketplace for buying and selling limited edition items, including the PS5. It offers buyers and sellers an easy way to connect and transact and has a team of experts authenticate every product.
Pros
- Secure payment options
- Detailed tracking information
- 24/7 Customer Support
- Transparent Pricing
Cons
- High fees for sellers (8-9%)
- No warranty on items
- No bulk selling options
eBay
eBay is a global online marketplace that provides a platform for buyers and sellers to trade various goods and services. Buyers can browse and search for items they are interested in, while sellers can list items for sale and ship them to buyers worldwide.
eBay has been in operation since 1995 and has grown to become one of the most popular online marketplaces in the world.
To help ease the transition into selling, individual sellers receive 50 free listings monthly with reasonable seller fees. Approximately 10% of the value of the final sale goes to the seller in fees, and if you offer free shipping to buyers, you will also be responsible for covering those costs.
Pros
- Wide selection of products
- Reasonable seller fees
- Easy-to-use interface
- Secure payment options
Cons
- High competition from sellers may mean low prices
- High fees
- Slow payment speeds
DKOldies
If you’re looking for some original Nintendo N64, GameCube, and Wii systems from the ’80s and ’90s, DKOldies is your go-to place. This retro video game store in Morgantown, Pennsylvania, offers a wide range of vintage gaming options.
When you exchange your games for store credit, you can earn a 20% bonus. You will also have the option to receive payment by PayPal or check.
Another great benefit to consider is that by selling your old games you won’t suffer from remorse, moreso, it’s out with the old and in with the new.
Pros
- Get paid in 1 day
- Free shipping on orders over $25
- Get a real price quote
- User-friendly website
- Detailed product information
Cons
- No bulk selling options
- A limited selection of products
- High prices compared to other retailers
PlayerUp
PlayerUp is a secure Player2Player marketplace where a 3-way escrow channel handles transactions. A middleman oversees every trade between the buyer and seller from start to finish.
The “middleman” feature imposes a 3% seller’s fee on most sales, from which the seller receives payment via digital wallets, cryptocurrency exchanges, or paper checks. There is a $1.50 fee for orders below $10 and a flat $0.99 fee on sales under $2, which the seller pays.
Pros
- Over ten payment methods, including PayPal and Skrill
- Secure marketplace
- 24/7 customer support
- No listing fees for sellers
Cons
- High fees (3% of the final sale price)
- No bulk selling options
- No warranty on the products sold
eStarland
eStarland is a leading online retailer of video games, consoles, and accessories. They have been in business since 1991 and offer customers the opportunity to trade in their old games and consoles for store credit at competitive prices.
eStarland promises buyers an easy shopping experience with no waiting time. You receive 30% less value when you sell.
Sellers receive 30% less value when they sell than trade-in credit.
Pros
- Straightforward process
- Detailed tracking information
- Wide selection of products
- Competitive prices
- Payment via PayPal or check
Cons
- High fees for sellers (10%)
- No bulk selling options
- No warranty on items sold
SellCell
SellCell is a website that helps people compare prices for their old device, whether a PlayStation or Xbox. It makes it easy for you to sell your device for the highest price by comparing offers from different buyers.
SellCell charges a seller’s fee of 8% on any device sold. However, they offer free shipping and a reliable buyer protection service to send your device. SellCell specializes in buying and reselling gadgets, not video games or accessories.
Pros
- Competitive prices
- Secure payment options
- Easy-to-use interface
Cons
- High seller fees
- No bulk selling options
- No warranty on items sold
Newegg
Newegg is an online retailer of computer hardware and software. It is headquartered in the City of Industry, California. Newegg’s website offers a variety of products, including computer components, laptops, desktops, digital cameras, gaming consoles, and home theater systems.
Pros
- Great prices
- Financing and warranty options
- 24/7 Customer support
- User-friendly to gamers
Cons
- No bulk selling options
- High shipping and handling fees
- No warranty on items sold
Frequently Asked Questions On Selling Your PS5 Online
What are some tips for selling a PS5?
The PS5 has been one of the most popular items since it was released in November 2020. If you’re lucky enough to have snagged a console, you may wonder how to sell it for the best price possible.
A few tips to keep in mind:
- Do your research: Check websites like eBay and Amazon to see what similar consoles are selling for. This will give you a good idea of what people are willing to pay and help you set a realistic asking price.
- Take good photos of your console: Ensure the photos are clear and well-lit and show relevant details such as scratches or wear and tear.
- Be prepared to haggle: Many people interested in buying a PS5 will try to lowball you, be firm with your asking price.
Do you need to pay a fee to sell on these platforms?
Yes, some of the platforms mentioned in this article charge seller fees. These fees range from 3-10% of the final sale price.
Additionally, some platforms have other fees, such as listing fees or shipping and handling fees. Check the terms and conditions of the website before you commit to selling on it.
Who pays for shipping costs?
Most websites that allow you to sell your PS5 will expect the seller to cover shipping costs. However, there may be some exceptions; check the terms and conditions of the website before you commit to selling on it.
If the seller does not cover shipping, some websites may allow you to negotiate a lower selling price with the buyer to cover shipping costs. Double-checking the shipping costs before you agree to a sale is always a good idea.
Finally, ensure your buyer has access to tracking information to monitor the progress of their package. This will help to ensure that your item arrives safely and on time.
Wrapping up
There are several different places where you can sell your used PS5 online. We’ve compiled a list of the best ones.
Exactly, how much money can you expect to get for your used PS5? The amount of money you can get for your used PS5 will vary depending on the site you use to sell it.
However, most sites offer a used console for around $100-$200. If you want to sell your old PlayStation 5, check out our list of the best places to do it online.
