Let’s say you’ve reached a point where video games don’t excite you as much, or perhaps you’re upgrading your gaming console.
In these situations, your PlayStation 5 might just be sitting there, gathering dust. But there’s no need for it to be idle. Why not transform this gaming console into some extra cash?
For those of you curious about selling your used PlayStation 5 and aiming to get a good deal out of it, this guide is tailored for you.
Let’s dive in and explore some of the best options available.
How to Sell Your PlayStation 5
When it comes to selling your PS5, Decluttr stands out as a top choice. It’s a popular platform for selling electronics, known for its straightforward process. Selling your PS5 here is pretty straightforward.
First, you’ll need to specify the model of your PS5 – the standard or the digital edition. Then, assess its condition: is it in poor, good, or faulty shape? Based on these details, Decluttr will offer you a quote.
If the quote sounds good to you, accept it and send your PS5 over to them. The best part is they cover the shipping cost with a prepaid label, so it’s hassle-free. Once they receive your console, you’ll get paid either via PayPal or a check.
At the moment, Decluttr seems to offer around $230~ for a PS5 in good condition. This seems like a fair price for your console. So, if you’re looking to make some money from your unused PS5, Decluttr could be a smart choice if you want no hassles.
- Website: Decluttr
If you’re looking to sell your PS5 and prefer a straightforward, community-based approach, Facebook Marketplace is a solid choice. It’s a hot spot for electronics and gaming consoles, including PS5s.
The process is quite simple, too. Create a listing for free using your Facebook account, and you’re ready to reach potential buyers. It’s very easy to understand.
In many areas, you will find a lively market for PS5s and gaming accessories, with prices typically ranging from $300 to $400. To make your offer stand out, include several photos of your PS5, and consider bundling in additional items like controllers and games to attract more interest.
One thing to keep in mind with Facebook Marketplace is the need to haggle over prices. You might encounter lower offers than expected. The upside, however, is that these transactions are generally in cash, saving you the hassle of shipping or dealing with online payments. Just remember, for your safety, it’s wise to meet buyers in public spaces.
- Website: Facebook Marketplace
For those who prefer the flexibility of selling either online or in person, OfferUp presents itself as a great option for selling your PS5. It’s similar to Facebook Marketplace in terms of setting up free listings and reaching out to local buyers. Electronics are hot items on OfferUp, too.
If you choose to sell in person, you can enjoy the benefit of receiving cash without any selling fees. OfferUp also supports online sales, where a 12.9% seller fee is applicable for the convenience it provides if you choose this option. It is optional, however.
Negotiating with buyers might require some patience, similar to Facebook Marketplace, but the reward is a significant cash return for your used PS5.
- Website: OfferUp
eBay stands as one of the largest online marketplaces globally, making it a prime spot to sell your PS5. This platform is known for its wide variety of items, from collectible cards to sports memorabilia, and electronics like the latest gaming consoles are particularly popular. It’s almost everything, as long as it’s legal, of course.
Setting up a listing on eBay is generally free, unless you’re dealing with a large volume of items. The main draw of using eBay is the exposure to millions of potential buyers worldwide, significantly increasing your chances of making a sale.
You have the flexibility to opt for an auction-style sale, where buyers bid on your PS5, or you can set a fixed price. However, do keep in mind that eBay charges a seller fee of 12.9% in most categories, including electronics. While this fee is on the higher side, the platform’s vast reach and the ease of online selling make eBay a strong contender if you’re looking to sell your PS5 promptly.
This option will often yield you the highest price because you’re reaching an audience nationwide.
- Website: eBay
Have a GameStop near you?
If so, you can bring your PlayStation 5 in and receive either a store credit or a cash offer. You can receive even more if you’re a “Pro” member.
As you can see from the screenshot, I would say the offer is aggressive in comparison to other sites. Of course, you can do better on your own, but if you need your money now, it’s a great option to consider, seeing there are GameStop locations throughout the United States.
To start the process, simply visit a nearby GameStop and bring all of the items to the store. From there, a clerk will be able to help you with your process.
- Website: GameStop
Swappa offers a platform similar to Decluttr for selling your used PlayStation 5 but with a twist.
Here, you’re engaging directly with individual buyers, not a company. This approach means your PS5 needs to be in working order and in good shape, but it also opens the door to potentially higher resale prices, as there’s no middleman involved.
The power to set your own price is in your hands on Swappa, and they even provide pricing guidelines to help you stay competitive with other sellers.
Right now, PS5s on Swappa are fetching prices around $400, one of the highest resale values I’ve seen. However, do remember that Swappa charges a 3% seller fee on successful sales, so factor this into your pricing.
- Website: Swappa
Alternatively, Gizmogo offers an online platform for selling your PS5. This site caters to a wide range of tech products, from gaming consoles to phones and tablets.
To use this website, search for your device on their website, get a quote, ship your item, and then receive payment.
Gizmogo stands out for offering free shipping to sellers through a prepaid label. Plus, the payment is quick – you get cash within one business day after they receive your PS5 and approve it.
As for pricing, Gizmogo’s offers vary.
Currently, you might get around $290 for a PS5 or $257 for a PS5 Digital Edition. However, these quotes change, so it’s a good idea to check for the latest offers. With Gizmogo, you can conveniently sell your PS5 without leaving your home.
- Website: Gizmogo
If you’re considering selling your PS5, StockX is another platform you can use.
The process here is quite streamlined and bears some resemblance to how Decluttr operates. Start by creating a free account on StockX, then list your PS5, making use of their pricing recommendations to stay competitive.
Once your listing is approved and your PS5 is sold, you will need to ship it to StockX. After they confirm everything is in order, you’ll receive your payment.
For your first sale on StockX, a 10% transaction fee is applicable.
A neat aspect of StockX is that the more you sell, the lower your transaction fees become over time. However, do remember that there’s also a 3% payment processing fee, making StockX slightly pricier compared to platforms like Decluttr and Swappa.
- Website: StockX
BuyBackWorld offers a streamlined and efficient method for selling your PlayStation 5. The process begins with obtaining an instant quote for your PS5, followed by free shipping to send your console to them. It’s just like Decluttr in a way and is one to consider if you want more than one quote.
Once your PS5 is received and approved, you’re paid in cash, typically within two business days, without any additional fees. Additionally, they provide a 30-day guarantee for the transaction.
BuyBackWorld has established a strong reputation in the market, supported by over 3,000 five-star ratings and having paid out more than $40 million to over 400,000 satisfied customers.
- Website: BuyBackWorld
Craigslist, a long-standing giant in the classifieds world, is another avenue you can explore to sell your PS5. The process is straightforward, too. List your item for free, connect with local buyers, and finalize cash transactions.
However, just like with Facebook Marketplace and OfferUp, it’s important to trust your instincts. If a situation feels off, it’s better to avoid meeting with that buyer. Also, you might encounter quite a few lowball offers. In such cases, it may save you time and energy to skip negotiating with those not willing to pay a reasonable price. Honestly, don’t even respond.
- Website: Craigslist
Mercari has become a go-to app for selling items, and it’s perfect for your PS5. Setting up a listing is a breeze with their mobile app. Just snap a few pictures, pen a description, and decide on your selling price.
It’s common to see electronics like PlayStation 5s and Xbox consoles being traded on Mercari, increasing the likelihood of quickly finding a buyer. A common strategy sellers use on Mercari, for example, is to cover the shipping costs themselves, making the deal more attractive to buyers. Keep in mind, though, that Mercari takes a 10% cut from your final sale, which is something to consider when pricing your PS5.
- Website: Mercari
In situations where you need money urgently, local pawn shops can be a viable choice for selling your PS5. Pawn shops are known for buying a wide array of items, including high-value electronics like game consoles and TVs. If your PS5 is in good shape, you might get a decent offer from a pawn shop, either to sell it outright or pawn it for a loan.
It’s important to keep in mind that pawn shops often provide lower offers, but the advantage is the immediacy of the transaction. You can typically walk out with cash in hand the same day. Alternatively, hosting a garage sale could also be an option, though it might take longer to find interested buyers in your neighborhood.
Only use this as a last resort because they need to resell to recoup their money.
Selling your used PS5 can quickly turn into a substantial cash gain if you approach it the right way. To make your sales journey smoother, make sure you list your PS5 on multiple sites as well as communicate clearly with what you’re offering. It’s always best to be honest. As long as your pricing is aggressive and you meet with the right buyer, you shouldn’t have a problem selling it.
All of the methods mentioned above are 100% legit. Whether you want to sell your PlayStation 5 now or in a few weeks, there’s something for all.
That’s going to do it for now.
As always, if you want to add a method to the list, you’re more than welcome to do so in the comments below.
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