Sony has announced that they will soon be allowing users to change their PlayStation Network ID, a feature that many fans have been asking for. Sony is rolling out name change functionality first as a beta that will only be available through the PlayStation Preview Program. Any changes after that will cost $9.99 USD/CAD, or $4.99 USD/CAD for PlayStation Plus members. It does warn that not all games and applications for PS4, PS3, and PS Vita will support the change and you may encounter some issues using them with a new ID. Some PlayStation 4 games released before April 1, 2018 and all published after that date will support the feature.
This is very similar to Microsoft's Xbox Live name change policy: The first time is free, but after that you'll have to pony up some cash. This feature has been requested endlessly since the PlayStation Network was launched back in 2006, and now, almost 12 years later, Sony is finally ready to flip the switch on this functionality.
The PSN name change feature will be available for everyone in early 2019.
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After changing your name, you have the option to also display your old name in order to let people recognize it.
The preview program is set to go until the end of November 2018, and PlayStation has plans to roll it out for all PS4 players in early 2019.