After a mesmerizing Showcase Event which offered us a glimpse at exciting new games ranging from Hogwarts Legacy to God of War: Ragnarok, the hype surrounding the Playstation 5 has reached astronomical levels.

There will be a Digital and Standard edition of the PS5, which are priced at $399 and $499 respectively.

As soon as the official price was revealed, pandemonium ensued online as players rushed to pre-order the console. This mad rush seems to have served as the perfect opportunity for unscrupulous deals as the PS5 is reportedly up for pre-order at exorbitant rates:

With prices skyrocketing, sites such as eBay seem to be making the most of the mad scramble amongst players who seem willing to go to any length, to get their hands on the coveted PS5.

The PS5 pre-order conundrum

In a video released by 8-bit Eric, he begins by lamenting the current situation surrounding PS5 pre-orders:

He then speaks about eBay capitalizing on the trend and indulging in reselling the PS5 at exorbitant rates:

Check out some of the ridiculous prices at which scalpers are reselling the PS5 online:

This PS5 scalper issue has become rampant online, as several people took to Twitter to vent their grievances and warn against buying from such dealers:

You can check out the best places from where you can pre-order your PS5 here.

The next-gen console arrives on the 12th of November, 2020.

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