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'
-
This post did not contain any content.
Why don't they implement crypto already? Nano would be perfect
-
Asking as an ignorant person, what's wrong with PayPal?
It's got all the worst parts of extreme anti-fraud measures, like freezing your account and holding onto your money just because you did something suspicious like receive money, but without actually protecting anyone from fraud.
-
Their policies, verification systems, KYC/AML processes, risk aversion, and customer support leave many PayPal users with unmet expectations, especially when there is an issue with the transaction and PayPal is asked to assist.
The company has found ways to avoid some of the regulations that banks are held to which is partly the reason for the issues.
If you search the web for PayPal experiences, you'll find concerns such as their 1.3 star rating with almost 35,000 reviews on Trustpilot.
The company has found ways to avoid some of the regulations that banks are held to
If you look at all the unicorns of the past few decades, a surprisingly large number of them did it with software that wasn't in any way technologically advanced, but exploited technology to find loopholes in the kind of industry regulations that were there to stop companies from screwing people over.
PayPal was a way to do banking without registering as a bank. Uber, Doordash and other gig economy apps are exercises in sidestepping employment law. Airbnb, despite its origins as a couchsurfing app, didn't get huge until professional "hosts" started using it as a way to run apartment hotels without having to meet the expectations or obligations of one.
If you want to build a tech unicorn, all you need to ask yourself is, "how can I make something 5% more convenient and 200% more shit?".
-
Uh...just use your credit/debit card directly within steam?
Why rely on the scummiest third party payment app that's ever existed in the world?
Unless you have a debit card from a third world country bank and half of the time for online payment the authorization fail.
I've been in this situation several times and then though I don't like it Paypal has often been the only payment option available to me.
-
In a lot of countries you cannot just use your debit card directly on Steam like you would a credit card which includes just entering the numbers and you are good to go. Or in some cases it directs you to the credit card provider where you have to authenticate the payment.
Here in NL we have to use iDeal if we want to pay online with most banks, this requires us to 2FA the payment by scanning a code using their app. iDeal will become Wero and will become an international system since a lot of countries had something similar to the Dutch iDeal.
Why is it set up that way
-
Why is it set up that way
Being able to pay without 2FA is just risky business which is why the Dutch banks worked together (and so did the Belgium banks etc) to create a tool to make digital payments more secure. idk why it took so long to get one system for the entirety of the SEPA banking area though
-
Why don't they implement crypto already? Nano would be perfect
because me and many others hear "<coin you never heard about> would be perfect" and cant help but to immediately think scam
Don't get me wrong, i like the idea, crypto just generally has a super bad track record
-
In a lot of countries you cannot just use your debit card directly on Steam like you would a credit card which includes just entering the numbers and you are good to go. Or in some cases it directs you to the credit card provider where you have to authenticate the payment.
Here in NL we have to use iDeal if we want to pay online with most banks, this requires us to 2FA the payment by scanning a code using their app. iDeal will become Wero and will become an international system since a lot of countries had something similar to the Dutch iDeal.
This is finally changing. Dutch banks are - after years of dilly dallying - finally replacing legacy Maestro cards with Mastercard that you can use online. Yes, you still have to go via 2fa, but at least, I don't have to deal with iDeal anymore with risky merchants.
-
Fuck credit cards they are terrible for your finances.
Only if you're bad with finances & don't understand their use cases.
-
Tbh I could not be arsed to go somewhere to buy a gift card to then use it. I'm more likely to use another platform to buy a game.
It’s not that I don’t have values. I just don’t feel strongly enough about using Steam to make that trip just for a gift card.
Digital gift cards would be okay though.
Digital gift cards would be okay though.
They already exist
-
Uh...just use your credit/debit card directly within steam?
Why rely on the scummiest third party payment app that's ever existed in the world?
Because its not really secure
-
It's pretty easy for a scammer to get your money from you via paypal with no recourse. Person claiming to be selling an item for x dollars. You purchase item. They get money. They disappear. No item. Paypal: "oh well!"
Wouldn't you use PayPal as a digital wallet for you credit cards & reverse fraudulent charges through your credit card company?
Now if you link an actual bank account to PayPal, pay with that bank account, and get scammed, then that's your actual money spent, and no shit that's harder to reverse.
You'd probably have to refer to your bank, and they may not do it. -
Only if you're bad with finances & don't understand their use cases.
Even if you are good with your finances, they are still more expensive and if you use some kind of bookkeeping or budgeting software, you will have issues connecting the export.
Yes, I know of cashback, but those don't exist everywhere and exist so you buy more to fund the consumerism going on. Which is actively hurting society.
The insurance part is nice, but often it's not better than what you get with a normal bank card.
Creditcards in most countries will hurt your credt score because of if you are paying money to pay off a credit card you cannot use that money to pay for your mortgage.
There is also that technical benefit of having to pay later which means you can "invest" that money, but for the average joe that is an irrelevant benefit.
The only benefit to me of having one is that I can use them on American sites that don't support other payment platforms which is most American sites (including Amazon.com, while the European brands do support Wero etc.)
You might be able to handle the responsibility of the credit card, but a lot of people don't.
-
This is finally changing. Dutch banks are - after years of dilly dallying - finally replacing legacy Maestro cards with Mastercard that you can use online. Yes, you still have to go via 2fa, but at least, I don't have to deal with iDeal anymore with risky merchants.
You still won't be able to pay on the majority of American sites, since they lack a proper payment platform.
-
because me and many others hear "<coin you never heard about> would be perfect" and cant help but to immediately think scam
Don't get me wrong, i like the idea, crypto just generally has a super bad track record
fair point
-
This post did not contain any content.
Why isnt PayPal usable?
-
The hard part isn't processing payment... They already basically do that for themselves with the steam wallet.
The problem is getting the ability to withdraw funds from your customers' bank accounts. That requires a commercial relationship with your customer's bank and going through an insane amount of red tape. And there is no standard worldwide protocol for this, you'll be starting from zero in every market by cold-calling major banks.
The only viable approach is to have an army of salespeople, accountants, and project managers to do all those individual negotiations.
The EU has been trying for years to have an indigenous continent-wide payment processor. The first attempt failed, now Wero is poised to succeed in the next few years but that's building off negotiations that started a few years ago with pressure from the EU and buy-in from the financial sector, and still only a handful of European markets have been integrated at this point.
Now imagine all this difficulty but you have to also get active buy-in from every market worldwide. There's a reason Visa/MC have a near monopoly on international payments in the western world, and it's not that no-one else thought to get a piece of that very juicy pie that's making them literally billions in profit every year.
Hmm. You are right, but they might not need it for every region. Steam is probably big enough that existing regional companies would come to it and be eager to form partnerships. They could become more of a payment processor aggregator, focused on a low risk market segment. And of course they can do CCs directly too - that's the easy part.
The challenge will be to get consumers on board. I know that I groan every time I need to enter my CC details online these days.
They would face anti-competitive behaviour from Peepal though. So it's a risk.
Internally, they are probably already working on ways to appropriately segment their catalog based on payment provider. "Sorry User, you cannot purchase title X using Paypal. We recommend $Competitor instead."
-
because me and many others hear "<coin you never heard about> would be perfect" and cant help but to immediately think scam
Don't get me wrong, i like the idea, crypto just generally has a super bad track record
Finally somebody with a Good reply instead of a "downvote and fuck off..."
-
One thing that goes into mind is ease of usage. Crypto is difficult for newcomers and it is easy to do something that you didn't want to.
Another problem is with standardization, there are too many tokens available. Monero seems like the way but people still view bitcoin as THE coin - despite its many issues.
Yeeeeah geht the point about that. The thought about crypto for me was Mord like a "when i would somebody trust to help normies To get info crypto then i would trust valve
And yeah... Fu*k bitcoin...
-
Meet Mark Chen and Jakub Pachocki. The two people shaping the future of OpenAI’s research
Technology1
-
-
Big tech has spent $155 billion on AI this year. It’s about to spend hundreds of billions more
Technology1
-
-
-
Experts warn mobile sports betting could be gateway to gambling crisis for young men in New York
Technology1
-
-