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To made your Profile looks better
tbh i think they should at least be an alternative to gems for trading card booster packs, not like valve will lose anything from that tbf, trading cards are only sold and bought by the community and they still got their 20% share on them or whatever it was
Steam points are generated out of thin air whereas wallet funds always stem from a real cash injection so either Valve has to pay the conversion or items value will slide by monopoly money used to obtain real money items into the trading domain.
Sadly they are tied to your account and can only be used to customise the profile or to award community aspects.
Nothing we can do about that
Tbf tho technically speaking wallet money isn’t ’real Money‘ either
As once the money is in the steam wallet it can not be taken out of steam at all
Wallet is real money because it has a currency symbol such as £ and in turn is stored as credit hence why it is not transferable.
And finally "community items" have a "monetary value", Steam points do not because you are not buying them.
As a slight technicality, the IRS absolutely considers steam wallet to be 'real' money earned regardless if it has limited use cases. Which is why steam has to report earnings over a certain amount to the IRS
Wallet money is indeed real money as are gift cards. Its a form of debt companies report as part of their accounting
People have been asking to directly transfer Steam points into vouchers for instance but this isn't possible because let's say you buy a load of AAA games and store points to earn £10 off your next purchase and then buy a £10 indie game. Who pays the tenner and where does it come from if Steam points have zero value? Valve would have to subsidise it out of their pocket and if every active user managed to earn one voucher, it would cost them £1bn.
So this is why Steam points are consigned within the points shop which offers no real money purchases.
I am European I don’t use IRS
Also if it counts for your taxes then it is outright criminal to bind that money to steam with no official way of getting it out imho
Valve (Steam) is not a bank.
As for taxes (vat) the EU gets lt's slice when you confirm at checkout.
You're presuming said user is in the States. He may be outside the IRS's jurisdiction lol
But, no, you can't buy stuff with Steam points. And if you go to a third-party site that tells you differently, you're probably just going to get scammed. At least read a "how to avoid common Steam scams" guide if you intend on going that route.