Microsoft has said that the availability of preowned games on the Xbox One will be decided by individual publishers but that eligible Xbox One games will be able to be traded and resold without paying a fee.
Provided individual publishers--such as EA and Activision--allow it, titles purchased physically will be able to be traded in at participating retailers for either cash or in-store credit.
"In our role as a game publisher," reads a statement from Microsoft, "Microsoft Studios will enable you to give your games to friends or trade in your Xbox One games at participating retailers. Third party publishers may opt in or out of supporting game resale and may set up business terms or transfer fees with retailers."
"Microsoft does not charge a platform fee to retailers, publishers, or consumers for enabling transfer of these games," adds the platform holder.
Provided the individual publisher approves, disc-based Xbox One games are also able to be traded between friends, but only once per game. There are no fees for trading titles between friends, Microsoft says, but users are required to have been friends on Xbox Live for at least 30 days before making a trade.
Microsoft says that there will be no option to loan or rent software at the launch of the Xbox One, but that it is "exploring the possibilities with our partners."
All Xbox One games will be available digitally and in stores on the day of release, Microsoft adds.
The Xbox One was officially unveiled last month in an event held at Microsoft's campus in Redmond, Washington. At the time, a report suggested there would be a fee attached to preowned sales.
Microsoft will be showing off its catalog of Xbox One titles next week at E3 2013 in Los Angeles. GameSpot will be in attendance.