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Pricey Parents warned as scalpers charging €3,000 for PS5 console ahead of Christmas

Outrage as parents charged thousands by scalpers as Christmas must-have present snapped up in minutes


The Playstation 5

The Playstation 5

The Playstation 5

Desperate parents hoping to get their hands on the latest PS5 have been warned to be vigilant of online scams and cash-hungry scalpers.

Thousands of parents are scrambling to secure the console which sold out in minutes following its release earlier this month, with many now at a loss as to how to secure this year's most sought-after Christmas present.

Cashing in on the demand, scalpers are adding mark-ups of up to six times the retail price. The hi-tech consoles are marketed at €499 in store but they are being sold for upwards of €3,000 online, as parents race to bag one before December 25.

Taking advantage of the massive shortage, heartless scalpers have now taken the opportunity to make some quick cash, flogging the sought-after PlayStation 5 for extortionate prices.


Private sellers have taken to Facebook's online marketplace and popular sites like eBay to flog the console for upwards of €3,000. Other sellers have priced the consoles at €1,200 or €2,000.

A popular Instagram page is also exploiting people's desperation by hawking the consoles for an extortionate €1,350.

Boasting of selling 30 gaming machines last week, one sales representative told our reporter: "We've about 10 of each in the UK with our boss - we sold 30 last week."

Enquiring about a console, we were told: "We can text you on Monday when we receive them and we can drive to you, what's your location."

The wheeler dealers insisted that a €50 deposit was paid, despite no guarantee that the goods would be delivered.

"Deposit of €50 is required and non-refundable if cancelled for whatever reason."

Insisting on seeing the stock first-hand, our reporter was told: "You can have a look and pay the rest the day we receive them."

With many people turning to unofficial websites and sellers, eBay is also warning buyers to be wary after false listings were made on its website.

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Shockingly, some sellers are attempting to flog photos and empty PS5 boxes.

An eBay spokesperson said: "We condemn these opportunistic sellers who are attempting to mislead other users. We are in the process of removing all listings that are selling photos or empty boxes of PS5s from our marketplace and will be taking appropriate action against the sellers.


"For any purchase, but especially highly priced or in-demand items, buyers should exercise caution and thoroughly read the listing description. Buyers who receive an item which is not as described can check their eligibility for a refund via our eBay Money Back Guarantee, provided they completed the transaction on the eBay platform."

PlayStation confirmed earlier this week that more PS5 consoles will be released this year after "unprecedented" demand.

PlayStation Ireland wrote on Twitter: "We want to thank gamers everywhere for making the PS5 launch our biggest console launch ever.

"Demand for PS5 is unprecedented, so we wanted to confirm that more PS5 inventory will be coming to retailers before the end of the year - please stay in touch with your local retailers."

For frustrated parents currently on waiting lists, there is little reassurance they will secure the gaming console in time for Christmas.

Sarah revealed: "I'm a single mam to three kids - two of which have special needs - and I have tried everything to get a PS5 for my oldest who is 10.

"I signed up for every single alert and yet not one single website could I get on to."

Echoing these concerns, Jennifer, from Dublin said: "I was in a queue in GameStop and spent 16 hours straight online last week. I had one in my basket in Harvey Norman with my card details entered and it crashed and I lost it.

"To have people buying them and selling them for double and triple the price is absolutely shocking. Hopefully there will be more stock before Christmas."

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