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        <title><![CDATA[New Xbox, PlayStation 5 going for more than $1,000 on eBay amid shortages]]></title>
        <atom:link href="https://usagag.com/2020/11/16/new-xbox-playstation-5-going-for-more-than-1-000-on-ebay-amid-shortages/" rel="self" type="application/rss+xml" />
        <link>https://usagag.com/2020/11/16/new-xbox-playstation-5-going-for-more-than-1-000-on-ebay-amid-shortages/</link>
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            <media:title type="html">New Xbox, PlayStation 5 going for more than $1,000 on eBay amid shortages</media:title>
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						<p>There&#8217;s one group that&#8217;s even happier about the release of the new Xbox and PlayStation consoles than gamers: scalpers.</p>
<p>The $500 consoles are routinely pulling in double their MSRP on eBay, as sky-high demand has led customers to open their wallets for the hard-to-find gaming systems.</p>
<p>PlayStation 5 <strong>listings</strong> on the auction website ending Monday morning all surpassed $950, with one closing at $1,275 — plus $10 shipping. The Xbox Series X, meanwhile, is more commonly found in the $800 range, but on occasion has eager bidders topping $1,000.</p>
<p>A number of Xbox listings show sellers trying to squeeze $8,000 or more from bidders, with <strong>one $10,000 listing</strong> saying that 90 percent of the proceeds &#8220;will fund 3 children&#8217;s higher education,&#8221; while the other 10 percent will go to The Church of Jesus Christ of Latter-day Saints.</p>
<p>One particularly ambitious scalper listed his PlayStation 5 for a staggering $28,000 — albeit with free shipping. <strong>The listing</strong>, which asks for &#8220;SERIOUS BUYERS ONLY&#8221; and says that the item &#8220;will not ship until payment clears,&#8221; also specifies that the seller does not offer refunds or returns.</p>
<p>While buyers appear happy to pay up for the systems — which promise lightning-fast loading speeds and cutting edge graphics — some are trying to combat the scalpers in the site&#8217;s comments section.</p>
<p>&#8220;I wouldn&#8217;t pay any more than $25 above retail,&#8221; one user posted in the <strong>reviews section</strong> for the console. &#8220;Hold until you can buy at retail price if you can. Be patient and don&#8217;t let these guys run the world.&#8221;</p>
<p>The PlayStation 5 and Xbox Series X arrive as video games are more popular than ever thanks to Covid-19 lockdowns, and after months of buyers being unable to get their hands on a preorder due to a <strong>glitch-ridden rollout</strong> from both Sony and Microsoft.</p>
			
					
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                <dc:creator><![CDATA[GAGmen]]></dc:creator>
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