An Online Scam Is Tricking Buyers With Overpriced PS5 Preorders

Following last week’s showcase for upcoming titles for the PlayStation 5, fans are more excited than ever for the launch of the game system. However, several suspicious vendors have popped up online promising secure preorders for inflated prices. To make things shadier, some orders cannot be canceled by the buyers.

Preorder sales for the PS5 began from the 18th of this month, with some vendors charging as high as 10 times the announced price of ￥50,000 ($499). In the item description of these listings, “no cancellations or returns are allowed for this product” is written, making it impossible to cancel even the preorder, which is in itself simply a reservation of a product. Others allow canceling the order but require a 50,000 yen cancellation fee, which is equivalent to the official retail price of the PlayStation 5.

There was some hope for the buyers who failed to realize the exorbitant price until it was too late. While “no cancellations” were written in the item description, those who directly contacted Amazon customer support we’re able to cancel their orders. Several vendors were contacted to ask about these preorder conditions. However, none responded. Many did not list any contact information. The current release date for the PlayStation 5 is slated for November 12th.