Steam Points to Steam Wallet

[likeayysir]

Probably already been suggested but i think giving you the option to turn steam points into steam wallet balance would be a tremendously beneficial idea for all parties.

Steam would have more loyalty from players by buying games to then eventually convert steam points into $5/£5. It would lessen the effect of Epic Games' monopoly by stealing Steams player base for their obtuse platform.

It would lessen the effect of buying games from key sites as people would eventually be able to reinvest their steam points into future discounts/purchases.

It could be as simple as for every 5000 steam points you can convert it into $5 or use to to customise your profile and get emotes and such.

[Dragonofdarkness13]

YES !!
Agreed completely

[Cathulhu]

So you essentially want free money and Valve pay for it ... why exactly?
The userbase of Steam grew over 20% in the last year. Epic Game store about 5%. Additionally, all accounts spend an average of just 3 US Dollars in the Epic Games store, for the whole year.

So, most accounts just collected the free games and never bought anything.
Epic Games store is bleeding money, a lot of it.

[kitt]

no Valve shouln't do it. lilke Cathulhu already said those points are a "thank you" and not some sort of bribe.

[likeayysir]

Originally posted by Cathulhu:

So you essentially want free money and Valve pay for it ... why exactly?
The userbase of Steam grew over 20% in the last year. Epic Game store about 5%. Additionally, all accounts spend an average of just 3 US Dollars in the Epic Games store, for the whole year.

So, most accounts just collected the free games and never bought anything.
Epic Games store is bleeding money, a lot of it.

Think of it as a rewards program that a LOT of other companies do. It encourages community and more purchasing through steam. Its something they have tinkered with during some sales such as "Spend X amount and recieve £5" i think it's a great idea all around. Valve could make a transaction which they otherwise might not have made due to a great offer on a third party site. Its not like Valve need money but it benefits the community and would give them an even higher market share. Its not free money, it is an option you get through spending your own money first.

[cSg|mc-Hotsauce]

Today's 3rd thread.

https://steamcommunity.com/discussions/forum/10/3118150513194573207/

https://steamcommunity.com/discussions/forum/10/3118150513195382615/

[Crazy Tiger]

Originally posted by likeayysir:

Its something they have tinkered with during some sales such as "Spend X amount and recieve £5" i think it's a great idea all around.

Correct. And the fact that they stopped offering those coupons might actually indicate it's not something worth pursuing for Valve.

They might or might not bring it back in the future. Perhaps in Valve time.

[nullable]

Originally posted by likeayysir:

Originally posted by Cathulhu:

So you essentially want free money and Valve pay for it ... why exactly?
The userbase of Steam grew over 20% in the last year. Epic Game store about 5%. Additionally, all accounts spend an average of just 3 US Dollars in the Epic Games store, for the whole year.

So, most accounts just collected the free games and never bought anything.
Epic Games store is bleeding money, a lot of it.

Think of it as a rewards program that a LOT of other companies do.

A lot of other companies don't have a rewards program. Valve is one of those companies. And arguably Valve is doing pretty well without it. They had an option to implement a points system that could be used as store credit. And they chose not to. You might ask yourself what those reasons might be.

Originally posted by likeayysir:

It encourages community and more purchasing through steam.

How does it encourage community? And if a rewards program had such strong benefits as you're peddling you have to ask yourself does Valve live in a cave? Can't they do math? Or are there other aspects you're not considering and it's not all win-win.

Originally posted by likeayysir:

Its something they have tinkered with during some sales such as "Spend X amount and recieve £5" i think it's a great idea all around.

And I'm sure they learned a lot doing it. And maybe that informed their decision about the implementation of points not having value. Or do you think Valve is just prone to turn their noses up to a great idea that,"encourages community and more purchasing through Steam?" What if the actual reality was different than what you're telling yourself?

Originally posted by likeayysir:

Valve could make a transaction which they otherwise might not have made due to a great offer on a third party site. Its not like Valve need money but it benefits the community and would give them an even higher market share. Its not free money, it is an option you get through spending your own money first.

Well you can twist it around however you want. You're asking Valve to subsidize your purchases so you'll purchase more stuff?

At 1000 points per dollar. Every $50 game would effectively be $45. And Valve would lose 33% of their split at 30%, 40% of their split at 25%, and about 50% at 20%. That's a pretty big pay cut and whatever you imagine the benefits of your idea, it's probably not going to increase revenues by an even greater amount to offset that.

So you might want to add a couple of zeros to the points per dollar conversion.

[Gwarsbane]

Originally posted by likeayysir:

It could be as simple as for every 5000 steam points you can convert it into $5 or use to to customise your profile and get emotes and such.

ya I don't think so seeing as how some of the stuff that are up for like 2000 points are like 3 cents on the market. That means a 5 dollar off coupon would need to be around 333,333 points. So 5000 points would get you about 7 and a half cents off.

[Judgmental Amaterasu]

Originally posted by likeayysir:

Originally posted by Cathulhu:

So you essentially want free money and Valve pay for it ... why exactly?
The userbase of Steam grew over 20% in the last year. Epic Game store about 5%. Additionally, all accounts spend an average of just 3 US Dollars in the Epic Games store, for the whole year.

So, most accounts just collected the free games and never bought anything.
Epic Games store is bleeding money, a lot of it.

Think of it as a rewards program that a LOT of other companies do. It encourages community and more purchasing through steam. Its something they have tinkered with during some sales such as "Spend X amount and recieve £5" i think it's a great idea all around. Valve could make a transaction which they otherwise might not have made due to a great offer on a third party site. Its not like Valve need money but it benefits the community and would give them an even higher market share. Its not free money, it is an option you get through spending your own money first.

Except points aren't gained exclusively through purchasing so no.

[Sueño]

i mean, it's not even a close thing that you can redeem w steam points and you expect that you'd trade ir for actual money? it's ONLY for cosmetics, its pretty obvious.

[PunchyTroll]

That would be bad for Valve and game developers. If that would happen it is not too useful for players, because you need to buy games to collect Steam Points and almost every game has 200 steam points. 25 games for 5 dollar? No, thank you.

[JKCrz]

If any of you guys have used Microsoft's Microsoft Rewards, you guy should know money doesn't have to come from the bank for it to be used to purchase things online, the only thing is that the companies have to be willing to give these things for free with the money earned from points, plus, the points don't have to equal 1$, why, microsoft rewards' system has 100 points be around 10 cents, but my point is, that you don't have to make it super easy to get the money, so yes, i do support the idea, but it has flaws.

[Judgmental Amaterasu]

Originally posted by JK DoesStuff:

If any of you guys have used Microsoft's Microsoft Rewards, you guy should know money doesn't have to come from the bank for it to be used to purchase things online, the only thing is that the companies have to be willing to give these things for free with the money earned from points, plus, the points don't have to equal 1$, why, microsoft rewards' system has 100 points be around 10 cents, but my point is, that you don't have to make it super easy to get the money, so yes, i do support the idea, but it has flaws.

Once again since you decided to necro this, steam points aren't exclusively acquired from spending money so "JuSt LeT mE hAvE fReE mOnEy" isn't going to fly.

[J4keTheCr3ator]

not a bad idea microsoft does it and ways to earn more with every purchase you earn microsoft points witch can later be turned into microsoft gift cards to add to your balance i have over 200000sp that are useless

[The Bunnywitch]

that would lead to point farming to become an actual disaster, to buy games and reselling the account that holds them for cheap.

look at every forum post writing inflammatory posts to bait people into awarding jesters.
that money would also have to come from somewhere. steam points are essentially worthless, if they had an actual value you would need to bank them right. that's a burden on valve.