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They changed to this policy because in the past a few bad players would buy something via their steam wallet, instantly get the item in a game and then go back to steam and cancel the purchase thus ripping off the game company.
So once again a few bad eggs messed it up for everyone.
I think the wait time under this policy is generally only a couple of days til steam transfers the funds, but could be up to a week.
So either Immortalis situation, or the wait situation is the reason.