Steam payment headaches grow as PayPal is no longer usable for much of the world: Valve hopes to bring it back in the future, 'but the timeline is uncertain'
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What happened to paypal?
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What happened to paypal?
It's written in the article, related to the currency used.
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What happened to paypal?
Paypal changed banks and cannot accept currencies from most countries, resulting in the failures Steam is seeing. Source:
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C'mon Valve... Make me a credit card pretty please.
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What happened to paypal?
you can no longer
♫ pay your own waaaaaaaay ♫
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If digital payments are becoming a service problem, Steam might develop their own.
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"In early July 2025, PayPal notified Valve that their acquiring bank for payment transactions in certain currencies was immediately terminating the processing of any transactions related to Steam. This affects Steam purchases using PayPal in currencies other than EUR, CAD, GBP, JPY, AUD and USD," the message states.
"We hope to offer PayPal as an option for these currencies in the future but the timeline is uncertain.
There are currency conversion services all over the world that manage to do this. How hard can it possibly be to partner with an existing service to do the conversion as part of a transaction?
EDIT: I guess it's possible to do the conversion yourself and have a bank account in one of those currencies to use to do PayPal, so the practical impact is probably limited, but still. PayPal's whole point is to facilitate moving funds from Point A to Point B. You've got one job here, guys.
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Meh. Paypal deserves everything bad that happens to it. Barely used it in the last few years. Definitely do NOT keep funds on there unless you're okay with just losing them.
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If digital payments are becoming a service problem, Steam might develop their own.
I wonder if this will just make them return bitcoin as an option to pay. It's been 8 years since they dropped it and it has fewer large fluctuations now, it seems.
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C'mon Valve... Make me a credit card pretty please.
Based on the screenshot someone else posted, they do have some kind of payment/currency system of their own, Steam Wallet.
I guess you could buy a physical Steam gift card in a store via any mechanism the store accepts, including cash, and then transfer it to that.
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Meh. Paypal deserves everything bad that happens to it. Barely used it in the last few years. Definitely do NOT keep funds on there unless you're okay with just losing them.
I mean, I don't want to keep funds in PayPal, but they make a good proxy for a credit card.
Credit card POS systems permit for me to do (reasonably, lack a trusted display or input mechanism) secure transactions. But I can't do that with my computer --- I don't have a way to use a smartcard reader and purchase things online. I have to send my actual credentials to a vendor and trust that they're treating them securely.
But if you use PayPal to pay at a vendor and then send that payment to a credit card, you avoid the security problems inherent to direct personal use of credit cards.
I'm not comfortable sending credit card data to sketchy-looking sites. With PayPal, worst case they don't send me whatever I paid for.
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From paypal to nopayforyoubuddy
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I would think Steam is big enough to make deals with local card vendors in individual countries.
I bet that would also be a lot cheaper than PayPal.No need for Steam to make their own as some suggest, it would be insane to have a system just for one business.
And it would be a serious limitation for Steam, because many won't bother signing up for it. -
I wonder if this will just make them return bitcoin as an option to pay. It's been 8 years since they dropped it and it has fewer large fluctuations now, it seems.
and it has fewer large fluctuations now, it seems.
106 to 76 to 120 in the last four months is not large fluctuation? 30 % variance is quite high to me.
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I mean, I don't want to keep funds in PayPal, but they make a good proxy for a credit card.
Credit card POS systems permit for me to do (reasonably, lack a trusted display or input mechanism) secure transactions. But I can't do that with my computer --- I don't have a way to use a smartcard reader and purchase things online. I have to send my actual credentials to a vendor and trust that they're treating them securely.
But if you use PayPal to pay at a vendor and then send that payment to a credit card, you avoid the security problems inherent to direct personal use of credit cards.
I'm not comfortable sending credit card data to sketchy-looking sites. With PayPal, worst case they don't send me whatever I paid for.
You should see if any of your credit cards allow you to make virtual credit cards. I can make an entirely new card with a unique number, expiration and code then lock/delete them or even restrict them to the first retailer they’re used at. I have like a dozen virtual cards that only work at a single retailer and lock them all until I need to use them. While locked all attempts to use them are declined.
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I mean, I don't want to keep funds in PayPal, but they make a good proxy for a credit card.
Credit card POS systems permit for me to do (reasonably, lack a trusted display or input mechanism) secure transactions. But I can't do that with my computer --- I don't have a way to use a smartcard reader and purchase things online. I have to send my actual credentials to a vendor and trust that they're treating them securely.
But if you use PayPal to pay at a vendor and then send that payment to a credit card, you avoid the security problems inherent to direct personal use of credit cards.
I'm not comfortable sending credit card data to sketchy-looking sites. With PayPal, worst case they don't send me whatever I paid for.
It's not a credit card, but I use Revolut and they have temporary virtual debit cards on their free plan even. They work a single time per generated card only. Great also if you want a 1 month subscription of something and don't trust yourself to cancel it.
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and it has fewer large fluctuations now, it seems.
106 to 76 to 120 in the last four months is not large fluctuation? 30 % variance is quite high to me.
There are better cryptocurrency options to Bitcoin now, including stabletokens that are specifically designed for this purpose. Hopefully they go to one of those instead.
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I wonder if this will just make them return bitcoin as an option to pay. It's been 8 years since they dropped it and it has fewer large fluctuations now, it seems.
It still fluctuates a lot. If they were going to accept bitcoin I as a game developer would want them to get it into something a bit harder almost instantly. I don't want it staying in bitcoin here it can lose its value, for no reason at all, at the drop of a hat. Under the current system steam tend to hold on to money until the end of the month and then pay you, that wouldn't work with bitcoin.
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If digital payments are becoming a service problem, Steam might develop their own.
I actually think ramping up their gift card distribution to more countries might be more effective imo, since people have access to cash or payment systems at physical stores.
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