Sony prompts PlayStation 5 owners to trade in consoles for credit

Sony Interactive Entertainment sent an alert to select PlayStation 5 console owners encouraging them to trade in their hardware for up to $400, Kotaku reported. The notice went out to players on November 2, offering simple trade-ins through the refurbished marketplace Back Market. Push Square and inkl also reported that the trade-in program offers up to $400 for a used console. [1][8][9][15]

A screenshot of the notification was shared on the gaming forum ResetEra, according to Kotaku. The offer comes as console makers change standard pricing tactics, opting to encourage players to trade in their existing machines for refunds rather than issuing traditional price cuts on new manufacturing units. [1]

The PlayStation 5 launched in November 2020 as part of the ninth generation of video game consoles, competing against Microsoft's Xbox Series X and Series S hardware. Players looking to upgrade their home setup can use trade-in programs to offset the cost of newer hardware options like the PlayStation 5 Pro ahead of upcoming software releases. [3][15]