Why has Steam stopped accepting Paypal payments?
I'd like someone from Steam to explain why they no longer accept Paypal payments funded from non-credit-card accounts?
I've been a Steam customer for many years now, and it took a long time to convince Steam to accept any kind of Paypal payments at all, and even longer to accept echeque payments.
However, once they finally came to their senses, I was able to buy all my games, up to and including Portal 2, using echeque payments. This made a lot of sense - they are an order of magnitude more secure than credit card payments, they don't attract foreign conversion fees from the banks, and as far as I'm aware, vendors aren't charged any more per transaction than for credit card-based Paypal transactions. The only catch - and it's only a problem if the vendor doesn't exercise due diligence - is that it can take up to 5 business days for the payment to be finalised. But that could only ever be a problem if Steam shipped products before the payment was finalised - and that's not a customer problem, it's part of the vendors' responsibilities under the Paypal agreement! (I also accept Paypal echeque payments, but I never ship before funds clear. That's saved my bacon more than once - unlike creditcard transactions, where I tend to get stung about once every few hundred transactions, no matter what precautions I take!)
Since I've now spent many hundreds of dollars this way buying Steam products (and many tens of thousands of dollars worth of other products and services) using Paypal echeque payments, without ever experiencing any problems at my end or the vendor, I'm pretty confused as to why only Steam, of the 250+ vendors I currently use who do accept Paypal echeque payments, has suddenly decided not to accept them any more!
It just doesn't make sense.
Bottom line - I'm really disappointed. So, because Steam no longer accept Paypal echeque payments, you've just lost this customer. Oh, I'll continue to download and play the games I managed to buy before you reversed your decision, but I'm not able to buy any more through Steam. It's that simple. And I don't think that's fair, to me or to Steam, or to the other customers who can no longer buy Steam games online.
Comments from Steam?