One can sell an old PlayStation 3 game in many ways. One could either trade in the game for store credit or cash back. One could also sell the games online at Amazon or eBay.
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Yes
Used games for the PlayStation 3 game console can be purchased from a number of places. Offline retailers such as Game Stop sell used PlayStation 3 games. Online marketplaces such as Amazon and eBay also have used PlayStation 3 games listed as being for sale.
No
The game discs for the PS3 are not CDs or DVDs and are BluRay Discs. The Playstation Store will sell downloads for full games that can then be played on the PS3. The Playstation Store has exclusive rights to downloaded games and the PS3 has been designed to prevent games from being added through the USB port and also made part of the user agreement for updates and Playstation Network Master accounts. The Playstation Store also has free demos that can be downloaded and played and Playstation Plus members can have a free one hour trial of any game. Playstation also licensed some game developers allowing demos for other games to be downloaded when there game disc is being installed. You can then play that demo without the game disc.
It depends on which PlayStation it is (1, 2, 3 or the portable one) plus the cost of each game.