Withdrawal of Steam Walley Money

[big black nibba balls PhD.]

I have accumulated up to 1k in my Steam wallet with more on the way and was wondering what the best way to take my money out is. Or if Valve is working on a withdrawal system since I know people have had this issue of mine for many years now.

[Ettanin]

Steam is not a bank nor do they possess an internationally recognized banking license, therefore a cashout is legally not possible.

Wallet balance is store credit, not recognized legal tender.

[J4MESOX4D]

Originally posted by Self-Made Sex Slave:

Or if Valve is working on a withdrawal system since I know people have had this issue of mine for many years now.

It's not an issue because store credit is not supposed to be withdrawn and converted into money. This platform is not a bank.

[no154370]

Steam gaming platform is not ''cryptocurrency'' platform

[no154370]

C. Steam Wallet

Steam may make available an account balance associated with your Account (the "Steam Wallet"). The Steam Wallet is neither a bank account nor any kind of payment instrument.

From https://store.steampowered.com/subscriber_agreement/

[Anonymous Helper]

Originally posted by Self-Made Sex Slave:

I have accumulated up to 1k in my Steam wallet with more on the way and was wondering what the best way to take my money out is.

The funds on your Steam Wallet isn't money, it's store credit only usable on the store itself.

Originally posted by Self-Made Sex Slave:

Or if Valve is working on a withdrawal system since I know people have had this issue of mine for many years now.

No, Valve has no plans to apply for banking permit required to allow money withdrawal as it would mean Steam would be regulated as a bank which would heavily restrict and put heavy scrutiny on it's game sales business.

[Dan5000]

You're not supposed to take money out of Steam and never will be, as others have said.
If you want to take money out, you gotta risk losing your money by trading from steam for money on paypal or something like that. My advice would be to only do that kind of thing with friends you know. So you buy them games, they give you cash. Otherwise its pretty easily scammed away.

[Ettanin]

Originally posted by Dan5000:

You're not supposed to take money out of Steam and never will be, as others have said.
If you want to take money out, you gotta risk losing your money by trading from steam for money on paypal or something like that. My advice would be to only do that kind of thing with friends you know. So you buy them games, they give you cash. Otherwise its pretty easily scammed away.

this is being curbed. After a certain amount, Steam will block buying gifts with wallet balance.

[ReBoot]

Originally posted by Ettanin:

Originally posted by Dan5000:

You're not supposed to take money out of Steam and never will be, as others have said.
If you want to take money out, you gotta risk losing your money by trading from steam for money on paypal or something like that. My advice would be to only do that kind of thing with friends you know. So you buy them games, they give you cash. Otherwise its pretty easily scammed away.

this is being curbed. After a certain amount, Steam will block buying gifts with wallet balance.

That depends on your overall purchase behavior though. I trust people reporting that their first or second wallet gift purchase got flagged, whereas I have sent dozens of gifts with wallet funds & no restrictions whatsoever.

[Anonymous Helper]

Originally posted by Dan5000:

My advice would be to only do that kind of thing with friends you know. So you buy them games, they give you cash. Otherwise its pretty easily scammed away.

Just be aware this may result in wallet gifting ban at the lowest and getting account restricted at the worst if detected and identified as commercial activity (aka trying to cash out wallet funds). If the 1k is $ or € I'd wager for the worst if not caught immediately and being prevented from further attempts.

Do also note that if your account get restricted due to this, your account will be limited to only playing games on it. You won't be able to do much of anything else with it including use the wallet funds that are left.

[Anonymous Helper]

Originally posted by ReBoot:

That depends on your overall purchase behavior though. I trust people reporting that their first or second wallet gift purchase got flagged, whereas I have sent dozens of gifts with wallet funds & no restrictions whatsoever.

It depends purchase behavior on Steam. If OP (with 27 games owned) have not purchased any games on Steam or very few, they'll get flagged pretty much immediately. Doesn't matter if they've spent hundreds, thousands or even millions on game purchases outside of Steam. Only Steam store purchases matter.

[Dan5000]

Originally posted by Anonymous Helper:

Originally posted by Dan5000:

My advice would be to only do that kind of thing with friends you know. So you buy them games, they give you cash. Otherwise its pretty easily scammed away.

Just be aware this may result in wallet gifting ban at the lowest and getting account restricted at the worst if detected and identified as commercial activity (aka trying to cash out wallet funds). If the 1k is $ or € I'd wager for the worst if not caught immediately and being prevented from further attempts.

Do also note that if your account get restricted due to this, your account will be limited to only playing games on it. You won't be able to do much of anything else with it including use the wallet funds that are left.

Oh yea sorry, I didn't think about that. I also didn't check that guys account, I just assumed that everyone buys themselves games more than for other people. He did say its 1k and more coming... thats definitely a bit much if he's not gonna spend anything...

[no154370]

one thing

1) Within any twenty-four (24) hour period, the total amount stored in your Steam Wallet plus the total amount spent out of your Steam Wallet, in the aggregate, may not exceed US$2,000 or its equivalent in your applicable local currency -- attempted deposits into your Steam Wallet that exceed this threshold may not be credited to your Steam Wallet until your activity falls below this threshold. Valve may change or impose different Steam Wallet balance and usage limits from time to time.

This is written in SSA

Can tell OP don't know that at all

[ReBoot]

Originally posted by Dan5000:

Originally posted by Anonymous Helper:

Just be aware this may result in wallet gifting ban at the lowest and getting account restricted at the worst if detected and identified as commercial activity (aka trying to cash out wallet funds). If the 1k is $ or € I'd wager for the worst if not caught immediately and being prevented from further attempts.

Do also note that if your account get restricted due to this, your account will be limited to only playing games on it. You won't be able to do much of anything else with it including use the wallet funds that are left.

Oh yea sorry, I didn't think about that. I also didn't check that guys account, I just assumed that everyone buys themselves games more than for other people. He did say its 1k and more coming... thats definitely a bit much if he's not gonna spend anything...

Most people on Steam are here to buy & play games. Some, however, are here to run an own business atop of Steam. Said business may even include scams; apparently, there's a scam involving Steam gift cards.