PlayStation 5 shortage forces parents onto resale sites paying up to £1000 for the new Sony console 

, PlayStation 5 shortage forces parents onto resale sites paying up to £1000 for the new Sony console , The Today News USA

A PlayStation 5 shortage is forcing parents searching to use resale sites where they are having to pay up to £1,000 for the new must-have Sony console – which normally retails for £450.

A current global shortage of microchips which has affected gaming console stocks has seen desperate Brits on the hunt for must-have Christmas presents scramble to get them where they can, often resorting to resale sites, where sellers are cashing in.

Resale sites such as eBay and Gumtree allow people who have previously purchased the consoles to cash in and sell the equipment on.

The dealers also known as scalpers purchase huge amounts of online stocks and put them on the resale sites, making a large profit.   

, PlayStation 5 shortage forces parents onto resale sites paying up to £1000 for the new Sony console , The Today News USA

, PlayStation 5 shortage forces parents onto resale sites paying up to £1000 for the new Sony console , The Today News USA

A current global shortage of microchips has seen desperate Brits scramble to get gaming equipment where they can, often resorting to resale sites (stock image)

In some cases, consoles have been selling for 50 per cent more than the RRP of £450 as desperate shoppers scramble to get a PlayStation 5 before Christmas, according to the Mirror.  

The shortage of microchips has also affected stocks of the Xbox Series X, Sony’s Microsoft rival.  

Some retailers have now limited orders to one console per user in a bid to prevent multiple buys.

, PlayStation 5 shortage forces parents onto resale sites paying up to £1000 for the new Sony console , The Today News USA

The retailers also run payment checks to try and deter scalpers and extortionate resale prices. 

, PlayStation 5 shortage forces parents onto resale sites paying up to £1000 for the new Sony console , The Today News USA

, PlayStation 5 shortage forces parents onto resale sites paying up to £1000 for the new Sony console , The Today News USA

Some retailers have now limited orders to one console per user in a bid to prevent multiple buys (stock image)

Since last November, more than a million PS5s have been sold in the UK.

PS5s were back in stock at Argos, Curry’s and Smyths Toys last week but other retailers had sold out of the consoles such as Amazon and Tesco. 

Gaming fans have been urged not to panic buy the new consoles by Andy Robertson, editor of the askaboutgames site.

Mr Robertson said:  ‘I appreciate it’s the ‘must have’ gift. But you take a risk when you buy on an auction site because it’s not an official retailer.

‘I suggest parents either go for the cheaper PS4 option or just bide your time.’