10 Best Places to Sell Your PS5 (Cash or Credit)

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By Ash Turner
As CEO of CompareMyMobile.com and BankMyCell.com since 2009, Ash has been a pivotal figure in the mobile tech industry. With a background in managing Brightstar’s PhoneRecycleBank, he boasts extensive experience with global carriers and MVNOs like T-Mobile and O2, and leading manufacturers such as Apple and Samsung.

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| Updated on May 23, 2024
Fact Checked By
Marlene Centeno
Marlene specializes in creating comprehensive guides for smartphones, tablets, and smartwatches from leading brands like Apple, Samsung, and Google, demonstrating a deep understanding of these technologies.

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Edited By
Kim Juanillo
Kim, an editor with a rich background in digital content management and developmental psychology, brings a unique blend of analytical and creative skills to BankMyCell. With her background in Psychology, Kim is adept at understanding complex concepts and transforming them into engaging, accessible content.

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  • Online buyback stores offer a high price for your used PS5. Compare prices and reviews to get the best deal for your console.
  • You can sell your console on marketplaces, but you need to put up a listing and respond to queries which may require a lot of work.
  • In-store and carriers offer the least when trading in a PS5 unit. However, you can score occasional upgrade deals.

Sell at Your Convenience with the Best Price for Your PS5

BankMyCell compares over 100,000+ quotes and customer reviews from 20+ trusted buyback stores every 15 minutes via our data feeds, making us America’s #1 time-saving trade-in supermarket.

*Percentages were calculated through the average price of five different Samsung Galaxy phones from each store.

Best Places to Sell Your Old PS5
Compare popular online, carrier & in-store trade-in offers
Buyback CompanyPrice Difference vs. Best PriceTrustpilot RatingPayout Type
BankMyCell
Compare 20+ quotes
BEST OFFER4.4 out of 5Cash
ItsWorthMore-11.54%4.8 out of 5Cash
Gadget Traders -39.83%4.7 out of 5Cash
Marketplace Trade-inPrice DifferenceTrustpilot RatingPayout Type
BankMyCell
Compare 20+ quotes
BEST OFFER4.4 out of 5Cash
eBayAuction*1.2 out of 5Cash
RedditMarketplace*4.9 out of 5Cash
In-Store Trade-inPrice DifferenceTrustpilot RatingPayout Type
BankMyCell
Compare 20+ quotes
BEST OFFER4.4 out of 5Cash
GameStop-3.05%2.4 out of 5Store Credit
Best Buy-30.77% 1.3 out of 5Store Credit

BEST Payouts (41%-123% More)

It's Simple - Register your sale, drop your phone off at a local postal service and earn more

Compare PS5 Buyback/Trade-in Deals

Best Online Buyback Stores (Cash)

PS5 Online Buyback Store Options

bankmycell logo

Average Customer Rating:

icon review 4.5

4.4 out of 5 on Trustpilot

Avg. Trade-in Quote:

TOP PAYOUT

*Compare everyone’s deals here, Guaranteed Top Payouts!

Compare popular online buyback offers

Description

Use BankMyCell when trading in a used PS5 because it compares trade-in values for PlayStation 5 and PS5 Digital Edition models. BankMyCell is the best place to sell used PS5s.

The site provides quotes with options based on the current condition of the PlayStation, payment methods, and shipping methods

Payment & Shipping Options

  • Conditions Accepted: Good, Mint, Cracked, Faulty
  • Payment Methods: Direct Deposit, PayPal, Check, Cash App, Zelle, Amazon Gift Card
  • Things to Expect: Free shipping label, free returns after a failed final inspection, shipping pack, collection service
itsworthmore logo

Average Customer Rating:

icon review 4.5

4.8 out of 5 on Trustpilot

Avg. Trade-in Quote:

-11.54% Less

Description

This website offers various payment methods, including paper checks and PayPal, convenient for those who prefer not to be paid in cash.

Compared to other trade-in programs and online marketplaces, it still has a high trade-in value to get more money for your device.

It provides quotes with options based on the condition of your PlayStation and other factors.

Payment & Shipping Options

  • Conditions Accepted: Good, Mint, Cracked, Faulty, Broken
  • Payment Methods: Direct Deposit, PayPal, Check, Zelle, Vemm
  • Things to Expect: Free shipping label, Free returns
gadget traders

Average Customer Rating:

icon review 5

4.7 out of 5 on Trustpilot

Avg. Trade-in Quote:

-39.83% Less

Description

Its Trustpilot score indicates that it is one of the best buyback stores for selling your used game console. It offers the best PS5 trade-in value but only provides two payment methods.

It provides quotes with options based on the condition of your PlayStation and other factors.

Payment & Shipping Options

  • Conditions Accepted: Good, Mint, Cracked, Faulty, Broken
  • Payment Methods: PayPal, Check
  • Things to Expect: Free shipping label, Free returns

*Price check quotes based on the latest Playstation (Jun 2024)

Best PS5 Seller Marketplaces (Cash)

PS5 Seller Marketplace Options

bankmycell logo

Average Customer Rating:

icon review 4.5

4.4 out of 5 on Trustpilot

Avg. Trade-in Quote:

TOP PAYOUT

*Compare everyone’s deals here, Guaranteed Top Payouts!

Compare popular online buyback offers

Description

Use BankMyCell when trading in a used PS5 because it compares trade-in values for PlayStation 5 and PS5 Digital Edition models. BankMyCell is the best place to sell used PS5s.

The site provides quotes with options based on the current condition of the PlayStation, payment methods, and shipping methods

Payment & Shipping Options

  • Conditions Accepted: Good, Mint, Cracked, Faulty
  • Payment Methods: Direct Deposit, PayPal, Check, Cash App, Zelle, Amazon Gift Card
  • Things to Expect: Free shipping label, free returns after a failed final inspection, shipping pack, collection service
ebay logo

Average Customer Rating:

icon review 1

1.2 out of 5 on Trustpilot

Avg. Trade-in Quote:

Auction*

*eBay is an auction website, prices vary

Description

Selling your used PlayStation on eBay is a good option. The only disadvantage is that you are in charge of your console’s listing, including taking photos and communicating with buyers.

There are also additional charges for every sale.

You create a listing on the site and set a price based on the condition of your PlayStation and other factors.

Payment & Shipping Options

  • Conditions Accepted: Good, Like New, Broken, Faulty
  • Payment Methods: PayPal
  • Things to Expect: NO free Shipping or shipping pack
Reddit logo

Average Customer Rating:

icon review 5

4.9 out of 5 on Trustpilot

Avg. Trade-in Quote:

Marketplace*

*Reddit is a marketplace, prices vary

Description

r/GameSale Reddit thread

You’re instantly reaching out to your target market because the thread’s members are used PS5 buyers or Xbox series users.

You need to advertise the PlayStation you’re selling on the thread.

Payment & Shipping Options

  • Conditions Accepted: Like New, Good
  • Payment Methods: It is determined by your agreement with the buyer.
  • Things to Expect: NO free shipping label or shipping pack

*Price check quotes based on the latest Playstation (Jun 2024)

Best In-Store PS5 Trade-in (Store Credit Only)

In-Store PS5 Trade-in Options

bankmycell logo

Average Customer Rating:

icon review 4.5

4.4 out of 5 on Trustpilot

Avg. Trade-in Quote:

TOP PAYOUT

*Compare everyone’s deals here, Guaranteed Top Payouts!

Compare popular online buyback offers

Description

Use BankMyCell when trading in a used PS5 because it compares trade-in values for PlayStation 5 and PS5 Digital Edition models. BankMyCell is the best place to sell used PS5s.

The site provides quotes with options based on the current condition of the PlayStation, payment methods, and shipping methods

Payment & Shipping Options

  • Conditions Accepted: Good, Mint, Cracked, Faulty
  • Payment Methods: Direct Deposit, PayPal, Check, Cash App, Zelle, Amazon Gift Card
  • Things to Expect: Free shipping label, free returns after a failed final inspection, shipping pack, collection service
GameStop logo

Average Customer Rating:

icon review 2.5

2.4 out of 5 on Trustpilot

Avg. Trade-in Quote:

-3.05% Less

Description

Its Trustpilot rating shows that it’s one of the top buyback stores available for your PS5. However, it only provides two payment methods. It also doesn’t offer free shipping.

The store evaluates your device and gives a price based on the condition of your PlayStation and other factors.

Payment & Shipping Options

  • Conditions Accepted: Good, Mint
  • Payment Methods: Cash, Gamestop Gift Card
  • Things to Expect: NO free shipping label or shipping pack
bestbuy logo

Average Customer Rating:

icon review 1

1.3 out of 5 on Trustpilot

Avg. Trade-in Quote:

-30.77% Less

Description

While it may not offer the best price since other stores provide better deals, it remains one of your options for selling your used PS5.

If you’re a frequent Best Buy shopper, this is an excellent option because it pays with a gift card or store credit.

The store provides a quote based on the condition of your PlayStation and other factors.

Payment & Shipping Options

  • Conditions Accepted: Good, Cracked, Faulty
  • Payment Methods: Best Buy Gift Card
  • Things to Expect: Shipping Pack

*Price check quotes based on the latest Playstation (Jun 2024)

Best Classified Ad Websites

OfferUp

It’s an excellent place to sell PS5 models, particularly used ones. You need to post a classified ad as the seller to let people know about your console.

This site has buyer ratings, and if your profile doesn’t have a score, people may be hesitant to buy from you.

You create a listing and set a competitive price for your PlayStation.

Payment Methods: It is determined by your agreement with the buyer.
Things to Expect: You may have to meet up with the buyer to give them the device.

Craigslist

You must post a listing, which includes taking photos of the console and responding to buyers. You will also post a quoted price on your own, but it is not guaranteed that consumers will accept it because they can request a discount via message.

You set a price based on the condition of your used Playstation and post an ad.

Payment Methods: It is determined by your agreement with the buyer.
Things to Expect: NO free shipping, need to meet up with buyer

Where Can I Sell My PS5?

Before trading in your PS5, check quotes and comparisons online. You can lose hundreds of dollars when you choose the wrong quote.

To help you decide, we’ve compiled the best PS5 buyers into categories:

Online Buyback Stores: High payout and free shipping. They require you to register sales online.
Digital Marketplaces and Classified Ads: Provide a high payout, but you need to create a listing.
In-Store & Carrier Trade-ins: They provide low to medium payouts, but their processes are more straightforward. They pay with credit or gift cards instead of cash.

How to Get Paid The Most Money for Used PS5s

Here are tips on how you can sell your PlayStation 5 for a high price:

Keep Your Device in Good Condition

Expect a high return if your console is still in good condition, such as having no damages or software issues.

Compare Resale Prices

Of course, when trading in a PS5, you want to get the best price possible. You can compare prices at BankMyCell.com, where we will provide an overview of the most recent used device prices.

Best for Broken PS5

Do you have a broken PlayStation? You should sell it as soon as possible. If you leave it collecting dust, its price will depreciate, and you will miss out on a good deal.

Keep in mind that as newer devices are available, your broken PS5 depreciates further.

Frequently Asked Questions

Where are the best places to sell my PS5?

You might want to look at sites popular with gamers and known for good deals. Facebook Marketplace is great for reaching a wide audience locally and beyond. eBay offers the choice of auction or set-price sales to a global audience. BankMyCell is also a good option, allowing users to compare high cash offers from highly trusted online buyback stores.

How much can a used PS5 be sold for?

The price for a used PS5 can range between $350 and $600, depending on its condition, the accessories that come with it, and the demand at the time of sale. The better the condition and the more accessories or games included, the higher the price you can expect. Seasonal demand and new game releases can also influence how much you can get for your console.

How are PS5 sales doing?

The PS5 is doing exceptionally well in the market, far outpacing its competitor, the Xbox Series X/S, in sales. Last year, the PS5 sold around 22.5 million units, significantly more than the 7.6 million Xbox units. Its success is partly due to its strong lineup of exclusive games like Spider-Man 2, Final Fantasy 16, and Baldur’s Gate 3.