Business · Companies · 11 hrs ago
Sony Offers PS5 Owners Up to $400 for Consoles and Two Controllers
Sony is offering PS5 owners up to $400 to trade in a console in good condition with two controllers.
The offer is being sent to some people through the PlayStation app and is handled through Back Market, a marketplace for refurbished electronics.
The money is sent directly to the owner's bank account.
The offer comes as PS5 prices have risen, with standard models listed at $600 to $650 and the PS5 Pro at $900.
Sony may be looking to get used consoles it can resell at lower prices, or preparing for limited hardware supply, but its reason is not confirmed.
The timing comes before the holiday season and the expected release of Grand Theft Auto 6, when interest in consoles may grow.
Sony has not said what happens next with the trade-in program.
Sony is offering PlayStation 5 owners up to $400 for a console in good condition and two controllers through a partnership with Back Market.
The offer is being sent to some customers through notifications in the PlayStation app.
Sony says the money can be sent directly to users’ bank accounts.
The offer comes as PS5 prices have risen and demand for some models has been high.
Sony has not stated why it is making the offer, though one report says it could be seeking pre-owned consoles to resell.
- Who
- Sony is offering the trade-in deal to some PlayStation 5 owners.
- What
- Owners can receive up to $400 for a PS5 and two controllers.
- When
- The offer was reported on November 2 and 3, 2026.
- Where
- The offer was sent through the PlayStation app; traded consoles go through Back Market.
- Why
- Sony has not stated its reason. IGN says the offer may help it acquire pre-owned consoles for resale or reflect concerns about hardware supply.
This story does not have two clearly opposing sides.
IGN reported that Sony was sending trade-in notifications to some PlayStation app users.
Polygon reported that Sony’s offer was being made through a partnership with Back Market.
- Trade-in value
- Up to $400
- Required items
- PS5 in good condition and two controllers
- Partner
- Back Market
- Notification channel
- PlayStation app
- Reported dates
- November 2 and 3, 2026