PS5 and Xbox Series X scalper believes he’s creating ‘young entrepreneurs’
Jack Bayliss, a 24-year-old PS5 and Xbox Series X scalper, has an interesting view on the unsavory practice of hoarding stock and selling it for inflated prices.
Bayliss, the owner of a scalping service called Aftermarket Arbitrage, where members can pay £30 (about $40) a month to get stock updates on desirable items such as PlayStation 5 and Xbox Series X consoles, believes he’s creating “young entrepreneurs” thanks to his business.
Speaking to the UK's Sky News (as originally spotted by VGC), Bayliss said that he was «very in tune with my moral compass, as a person», and that the thought of families missing out or overpaying for consoles didn’t really bother him.
«To me, owning the PS5 or an Xbox isn't a necessity, it's a luxury, okay?” said Bayliss. “If you can afford to spend £450, spending the extra £100 should be pretty marginal, if you've got cash ready to splash on that.
»Yes, some families are gonna have to pay another £100, but what you don't think about is our members: they've got 30 consoles, they're making £100 on each one. And then they're making a good month's salary in a couple of days."
Bayliss claims he’s earning £45,000 a month (around $60,000) by helping other individuals buy stock in bulk, and reselling it for a higher price before users can buy them for their list price. This, according to Bayliss, allows others to create a healthy side income – he says some members have been able to quit their regular jobs.
«What they're doing is they're being entrepreneurs, they're going out, creating a side income, and they're doing something that 90% of the population can't be bothered to do,» said Bayliss. “They spend more time with the family, with their kids. We've had people who've been able to renovate their
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