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They dont have to and they wont. This is entirely on you for trusting unknown dev and buying MTX. You do not own any digital goods on steam and everything vanishes with the game. Hope you learned something.
this seems to be more common theme with free to play games . which you cant refund money
however paradox does same with war of roses and that wiking game from fatshark . that was more strange departure due to scam publishers that keeps publishing games , wonder how many peaople were able to refund t in that case
The day before was massive false advertisement (basically fraud) and there was a massive backlash thats the reason steam intervened. They refunded everyone even if you did not refund yourself. This wont happen everytime. You wont get refunded just because a f2p is discontinued. If you think a Dev has to keep an online game in a working state forever because you paid for it, then you are in for a surprise and reality check.
"If you believe you have a reason for a refund related to a now-offline free-to-play game, please contact Steam support and explain the issue."
Steam is not going to take "the servers went down 8 months after i bought a microtransaction" as a valid reason for refund. Steam doesn't expect online games to host servers forever