Do you want to sell your PS4 for the best price, but don’t know where to look? Do you want an online marketplace with the lowest selling fees?
You’re not the only one stuck in this endless loop. Many people want to make the most money out of their game consoles.
Luckily, trying to resell PS4 consoles is similar to selling board games; it’s that easy (if you know what to do).
- Is it Possible to Resell PS4?
- What Is the Value of a PS4?
- Where to Resell a PS4
- What You’ll Need to Resell a PS4
- How To Resell a PS4: Step-By-Step Instructions
- Things to Consider When Reselling a PS4
- Can You Make Money Flipping PS4s?
- Frequently Asked Questions
- Similar Tutorials to Check Out
- Wrapping Up
Is it Possible to Resell PS4?
It is indeed possible to resell a PS4, especially if it’s in great condition. You can do so in online marketplaces, trade-in stores, and even your local game stores.
You can resell your own PS4, or go into the business of buying and reselling PS4 consoles. Either way, you’ll have to ensure the good condition of the console before you resell it. That involves cleaning it and fixing any hardware or software issues it might have.
What Kinds of PS4 Sell Well?
Sony produced three different versions of the PS4; the original one, the slim one, and the PS4 Pro.
The original PS4 and the slim version share the same specs, while the Pro is Sony’s most powerful console of that generation.
The original PS4 won’t sell well in 2023 because of today’s games’ requirements.
Some games require so much processing power that you’ll notice a considerable difference in the gameplay experience between the original PS4 and the PS4 Pro.
As such, we recommend reselling the Slim and the Pro versions of the PS4. The slim version costs less and it has the same specs as the original version, while the Pro is stronger.
What Is the Value of a PS4?
The value of a PS4 is determined by four factors; the version, the condition, the accessories, and the storage capacity. According to Bankmycell, the PS4 is priced as follows:
- $2.56 – $105 for the Original PS4
- $2.56 – $81 for the Slim PS4
- $5.11 – $150 for the PS4 Pro
Keep in mind that those extremely low price tags are unrealistic, as these prices appear when the PlayStation is essentially spare parts. Working PlayStations will never sell that low.
Also, the more storage your PS4 has, the more value it’ll have. The PS4 Slim is available in 500GB and 1TB, while the Original and the Pro are available in 500GB, 1TB, and 2TB.
If you include the accessories, like the power cord, HDMI cable, and at least one controller, then your PS4 will have better value.
Do PS4 Lose Value Over Time?
It depends when you’re asking. Gaming consoles will immediately lose value when the next generation is out. Back in November 2013, the Original PS4 was priced at $399.99. Now, after the release of the PS5, mint condition PS4s sell for around $300.
The PS5 will have the same fate after the PS6 is released, and the cycle goes on. So, if you are interested in the business of reselling, it’s better to keep tabs on where to sell a PS5.
That said, when a gaming console has been discontinued for years, it has a chance of becoming a vintage or retro console.
For example, retro gaming consoles like Game Cubes and NES consoles sell for surprisingly high price tags. There are even dedicated stores like DKOldies that gather, refurbish, and resell such consoles.
People are actually willing to pay more so they can play lower-quality games on retro consoles, just for the nostalgia of it. The Game Cube, for example, sells for around $230 on DkOldies. That’s the current average price of PS4 on the market.
Where to Resell a PS4
Here are three of the best places where you could resell your PS4:
eBay is one of the largest online platforms for reselling items, and it’s available in over 190 countries. You can either sell your PS4 on it for a set price or put it up for auction to go to the highest bidder.
What Makes This Opinion Great
What makes eBay unique is its exposure. According to BussinesofApps, eBay had a whopping 129 million active users in 2023 alone.
The listing process is simple, and you get to set the prices as you see fit without any limitations from the platform.
- $0.35 for a basic listing, $0.55 for a Good ‘Til Canceled listing, and $1.20 for a featured listing
- 13.25% final value fee
- 2.9% + $0.30 payment processing fee
- Prepaid shipping label fee (varies depending on the shipping distance)
- Credit/debit card
- Apple Pay
- Google Pay
- Wire transfer
- Spendable funds (eBay store credit)
- Cash payment upon pickup
Launched in 2011, OfferUp may be a new player in the online selling zone compared to other marketplace websites. However, its popularity is growing fast.
What Makes This Opinion Great
OfferUp is on this list because of the markedly reduced fees (in most cases). That’s because OfferUp focuses primarily on local transactions, where you get to meet your buyer in person and perform the transaction.
This eliminates the need for processing, final value, and shipping fees, which in turn increases how much you make from selling your PS4.
- 12.9% service fee if the item is shipped
- $1.99 transaction fee (fixed price for credit/debit card transactions)
- Credit/debit card
- Apple Pay
- Google Pay
With over 250 million visits every month, Craigslist is one of the oldest and most well-known online marketplaces for reselling items.
What Makes This Opinion Great
The popularity isn’t what made us choose Craiglist among our best options, it’s the minimum fees. Because of Craigslist’s popularity, it generates most of its revenue from fees on larger transactions, like Apartment rentals, vehicles, and job classifieds.
Minor transactions, which include small electronics like PlayStations, typically have no transaction or listing fees.
- No listing or processing fees when listing and selling a game console
- Credit/debit card
- Wire transfer
- Money order
What You’ll Need to Resell a PS4
You have your PS4 on hand and you’re ready to sell it. Here’s what you’ll need to improve your chances of selling it:
- The original packaging: While this isn’t always available, having the original packaging will improve your chances of reselling your PS4 for a higher value.
- The accessories and at least one controller: It is possible to sell only the gaming console, but you’ll lose a good chunk of its value if you do so without the accessories. Some people even sell their PS4s with two controllers.
- An account on whatever platform you choose: While listing on some platforms will cost you, creating an account on most online marketplaces is entirely free. So, don’t be afraid to create multiple accounts on various platforms to improve your chances of landing a sale.
- A good description and a fair price: It’s always better to be thorough with the description of your PS4. Do mention its version, condition, and any hardware or software issues if present.
How To Resell a PS4: Step-By-Step Instructions
Reselling your PS4 isn’t as much of a hassle as you’d think. Here are the steps you should follow:
Step 1: Research and Select a Platform
The three platforms we mentioned above aren’t the only available options. There are many other options like Facebook Marketplace, Mercari, and Etsy. You can even try reselling on Amazon.
Each platform has a set of pros and cons. You should take your time identifying which platform(s) suit you best.
Step 2: Create an Account on the Platform(s)
Creating an account is always self-explanatory. Sign up, provide an email, verify your email, and you’re ready to sell.
Step 3: Take Photos of Your PS4
Ads with photos give a better sense of credibility and improve your chances of selling, so don’t skip this step. Take good photos of your PS4 from all angles. If there are scratches or any damage, you shouldn’t attempt to hide that.
Instead, be honest and provide pictures of all the damage. This won’t only give you good credibility, but your buyers will be more likely to leave positive reviews because of your honesty.
Step 4: Gather All the Possible Accessories
You’ll need to gather all the accessories you can to get potential buyers faster and to get more value from your PS4. Here’s what you should gather (if possible):
- The original packaging box
- One controller
- The TV cables
- An HDMI cable
Step 5: Write a Clear Description
Inform your buyers what they should expect when they buy your PS4. Your description should include:
- Your PlayStation’s version (Original, Slim, or Pro)
- The PlayStation’s color
- The Playstation’s condition (Damaged, cleaned, refurbished, or mint condition)
- Hard drive size (500, 1TB, or 2TB)
Step 6: List Your PS4 and Be Responsive
Your ad will get you queries from buyers, but it’s your prompt (and polite) response that will help you keep those buyers.
You will get some unrealistic offers and scammers, but you should smartly handle those to avoid being bombarded with negative reviews for things you didn’t do.
Once you agree with a buyer on a price, finalize your transaction in the way you see fit, and you’re good to go.
Things to Consider When Reselling a PS4
Here’s what to consider before reselling a PS4:
- Data clearance: If the PS4 you’re selling was yours, you’ll have to deactivate your Playstation account on it and wipe out the hard drive. You don’t want someone taking over or deleting your progress. You should also back up your data, which is useful for games that allow you to transfer the data from PS4 to PS5.
- Overall appearance: The first thing your customers will look at is the appearance of your PS4. Because of that, you need to make sure that the PS4 is neat-looking and clean. It’s best to remove any old stickers that have been sitting there for years gathering dust.
- Your PS4’s model: The model of your PS4 will control its price. Typically, the PS4 Pro sells the best, so if you are starting a business out of selling PS4s, always stock the Pro version.
- The PS4’s condition: If you’ve browsed PS4s for sale before, you might have seen the term “refurbished” in the description. This often means that the PS4 was cleaned from the outside, opened, and cleaned from the inside as well. You need to be honest about whether you’ve refurbished your PS4 or just cleaned it from the outside before selling it, and adjust the price accordingly.
- Limited Editions cost more: Some of the PS4s are labeled as Limited Editions. They don’t have any extra processing power, but the paint job is different, and they often have art covers of different games. A Limited Edition Original PS4 may cost more than a standard PS4 Pro, so keep that in mind.
- Accessories increase or drop the price: Most sellers sell the required cables and at least one controller along with their PS4s. If you sell the console only without any accessories, the price has to drop a little.
Can You Make Money Flipping PS4s?
Yes. The short answer is that you can make money flipping PS4s. However, how much money you’ll make will depend on two primary factors; how good you can be, and the market demand.
What Is a PS4 Resale Business?
A PS4 resale business involves buying PS4s at low prices and selling them for higher prices to capitalize on the difference.
It’s worth noting that the PS4 is currently in the phase of losing value after the PS5’s release, and it will continue to lose value for some time.
So, to get that higher sale price, you’ll need to improve the condition of the PS4s you buy without spending too much while doing so.
Last but not least, new games are still being released for the PS4, so you’ll find so many people willing to buy PS4s because their budget can’t afford the PS5.
Is Reselling PS4s a Good Way to Make Money?
Reselling PS4s is a decent way to make money and it comes after becoming a video game tester in terms of profit. However, unless you’re able to consistently secure the PS4s at an exceptionally low price, your profit will range within the realm of a few tens per sale.
You have to factor in the cost of repairs along with any shipping fees if applicable. You’ll also end up with some PS4s without any accessories. To improve their value, you’ll have to provide the accessories yourself, which costs money.
In summary, here are the pros and cons:
PS4s are still in high demand, so you’ll often land sales
Acquiring a PS4 for a low price isn’t too hard
There are so many marketplaces and local stores for you to search through
Low-priced PS4s often need restoration
PS4s are losing value over time
The profit margin isn’t too profitable
Frequently Asked Questions
Is a PS4 Still a Good Gaming Console in 2023?
The Original PS4 isn’t as reliable in 2023. The lower specs compared to the PS4 Pro were quite prominent. Newer games with better graphics have started to prove that the PS4 Pro is a better gaming console than the Original.
Should I Sell My Old PS4?
If you’re planning to upgrade to a PS5 and you need to get money by selling your old PS4, then selling it is a good idea.
If you’re selling your PS4 just for a one-time profit, you might be better off keeping it instead.
Similar Tutorials to Check Out
If you’re into reselling things other than gaming consoles, check out the following tutorials:
- Resell Electronics: If you have a bunch of electronics lying around your house, or trying to get into the electronic reselling business, check out this guide.
- Resell Computers: Do you know your way around computer parts? Consider making a small business out of reselling computers. Find out how here.
- Resell Cameras: Do you have an eye for age-less cameras? If you can identify valuable cameras that you could resell for good value, why not make a business out of it?
Reselling PS4s is a feat that most people can do. The console may be getting older and slowly losing value, but gamers around the world are still buying it, and Sony is still releasing games for it.
If this article manages to kickstart your PS4 reselling business, let us know about your progress in the comments. Go ahead and show the article to a friend or a family member whom you think could enjoy it.