What are the differences between all the mobile VR headsets?

I don’t understand why there are so many different mobile VR headsets, they are essentially the same. I don’t get why some cost $5 while other cost $50 if it’s only to put the phone in and view the content through magnifying lenses?

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If you are talking about the Google Cardboard compatible headsets, indeed, they are quite alike in terms of their functionality, but they certainly have quite a lot of differences if you look closer. Some have better lenses, other have better build quality and ergonomics, some have pupil and lens distance adjustments, some have a hole for the camera for AR, etc.

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If you need to decide between them, just pick up the one with lens adjustment, it’s pretty important, especially if you use them with glasses. I don’t buy one without it.