Buy things on market from your PayPal/Card

[ᴡᴇɪss]

I am not rich I will make that clear. £4 isn't little for me. I am sure there are many people on Steam who would agree and aren't exactly "rich".

I can't sit down and pay £4 right now to get cards, I can pay 4p, 20p etc..
I really believe Valve is losing money with the minimum amount of money you can pay in being £4 when it comes to the market.
I mean if I can press buy on the market on a card for 20p..and be charged from my PayPal or card I would do it but when I see that I need £4 I simply back down for a long time and just spend £4 on something I feel is way more useful.
What I am trying to say is in long term I believe people will buy more if they can buy from their PayPal and credit card on the Steam market because people will see "7p" "50p" and feel "that isnt much whatever" while when it comes to £4 you can say "if I add only £5 I can buy a game off Amazon instead of wasting it on cards"

[Satoru]

Because of the way the market works they ensure that the funds in the market have already cleared before they acn be used. Otherwise thieves can use stolen cards or other illegal funds to buy and sell things on the market. Once the fraud is detected it then becomes impossible to disentangle.

This is why you cannot buy things directly from the market using cc/paypal

[ᴡᴇɪss]

Messaggio originale di Satoru:

Because of the way the market works they ensure that the funds in the market have already cleared before they acn be used. Otherwise thieves can use stolen cards or other illegal funds to buy and sell things on the market. Once the fraud is detected it then becomes impossible to disentangle.

This is why you cannot buy things directly from the market using cc/paypal

Kinda confused ? I mean if I pay in £4 now I can right away start buying things from the market.

Well if they can't do that I feel that at least we should have a option to put £1 on our wallet.. I mean seriously.
£4 each time is a bit extreme when you wanna buy a card.

[Brujeira]

There's the small matter of payment fees. Paypal typically charge the person/company receiving the money a fee of 2.9% + 20p for each transaction. If you pay £4 in one go then Valve gets around £3.68 of your money after fees. So you can see why you can't buy cheap cards using a direct payment from PayPal, right?

[ᴡᴇɪss]

Messaggio originale di Brujeira:

There's the small matter of payment fees. Paypal typically charge the person/company receiving the money a fee of 2.9% + 20p for each transaction. If you pay £4 in one go then Valve gets around £3.68 of your money after fees. So you can see why you can't buy cheap cards using a direct payment from PayPal, right?

I did say "PayPal/Credit Card"
If I pay £1 Valve will get 68p. They will still get a lot of money.

[Brujeira]

Messaggio originale di nvll:

Messaggio originale di Brujeira:

There's the small matter of payment fees. Paypal typically charge the person/company receiving the money a fee of 2.9% + 20p for each transaction. If you pay £4 in one go then Valve gets around £3.68 of your money after fees. So you can see why you can't buy cheap cards using a direct payment from PayPal, right?

I did say "PayPal/Credit Card"
If I pay £1 Valve will get 68p. They will still get a lot of money.

Your maths is a bit out. Using PayPal's fees, pay £4 in one go and Valve get £3.68. Pay £1 and they get 77p, so pay £1 4 times and they get £3.08 instead of £3.68 - and if 100,000 people do that then that's £60,000 less to Valve. It doesn't make financial sense for them to offer this facility hence why they insist on a minimum payment.

[ᴡᴇɪss]

Messaggio originale di Brujeira:

Messaggio originale di nvll:

I did say "PayPal/Credit Card"
If I pay £1 Valve will get 68p. They will still get a lot of money.

Your maths is a bit out. Using PayPal's fees, pay £4 in one go and Valve get £3.68. Pay £1 and they get 77p, so pay £1 4 times and they get £3.08 instead of £3.68 - and if 100,000 people do that then that's £60,000 less to Valve. It doesn't make financial sense for them to offer this facility hence why they insist on a minimum payment.

But you do realise they lose people that would potentially pay because £4 is too much for them?
Eg. I wanted to buy cards today I would have gladly spent £1-2
The £4 put me off therefore I spent my money on Nintendo EShop.
I am sure I am not the only one that actually doesn't want to pay.
"Your maths is a bit out" eh yeah it is since you never specified what is the fee in percentage so I done the most logical thing lol

[Gwarsbane]

They have 150 million active accounts, even if only 2/3 of those accounts are buying stuff, thats a crap load of money. So even if 1 million people say "no I'm not buying on steam cause they won't let me just spend a buck at a time from my card" Valve doesn't care cause 1 million people is not a whole lot over all. And I really doubt more then a million people are not buying on steam because they won't put in 5 bucks. Heck look at all the people who don't want to put 5 bucks in just to get a full account.

Just put 5 or 10 bucks on at a time and the issue solves itself, you can still buy stuff at a buck at a time, and Valve doesn't have to deal with taking a loss due to banking fees every time you want to buy a 1 dollar item. Remember of that 1 dollar item you are buying from the market place, only 10 cents goes to Valve. If the banking fees are 20 cents or more, it will be costing them that money to sell you that 1 dollar item.

[ᴡᴇɪss]

Messaggio originale di Gwarsbane:

They have 150 million active accounts, even if only 2/3 of those accounts are buying stuff, thats a crap load of money. So even if 1 million people say "no I'm not buying on steam cause they won't let me just spend a buck at a time from my card" Valve doesn't care cause 1 million people is not a whole lot over all. And I really doubt more then a million people are not buying on steam because they won't put in 5 bucks. Heck look at all the people who don't want to put 5 bucks in just to get a full account.

Just put 5 or 10 bucks on at a time and the issue solves itself, you can still buy stuff at a buck at a time, and Valve doesn't have to deal with taking a loss due to banking fees every time you want to buy a 1 dollar item. Remember of that 1 dollar item you are buying from the market place, only 10 cents goes to Valve. If the banking fees are 20 cents or more, it will be costing them that money to sell you that 1 dollar item.

Any source for "2/3"?
Also I didn't say not buying on Steam at all.. I was talking about something completely different.
I can buy a game for 7p without actually charging my wallet with £4. I am talking about the market.
Also you missed the point "Just put 5 or 10 bucks" this isn't about me wanting to spend one buck at a time. It is about the fact I physically do not own £4 and £10 to even put on Steam.

[Gwarsbane]

Well its not steams fault that you don't have £4 or more to put on steam. They are not going to lose money just because you only have £1 or what ever on the card.

And if you look again, I was also talking about the market, and I quote myself...
"Remember of that 1 dollar item you are buying from the market place, only 10 cents goes to Valve"

Notice I say market place?

As I said, if you only have £1 to spend, and the item you are buying is £1, then 85% of that goes to the person selling. 10% goes to the company whos product its from, and 5% goes to Valve. I made a mistake in the last one, I flipped it around, I said 10% goes to Valve, which is wrong. Only 5% of anything sold on the market that is not a valve product goes to Valve. So out of that £1, Valve gets 5p. The fees associated with getting that £1 from that card of yours is more then 5p. (I'm used to cents so Valve gets 5 cents from every 1 dollar, I'm not trying to be technically accurate just trying to inform you of who gets what money, you can do the conversions yourself if you feel the need)


As to my mention of the 2/3, I said "even if" as in its a guess that 2/3 of all active accounts (which is around 150 million accounts) buys things on steam, though I'm pretty sure its actually much higher then 2/3, but its an educated guess going by the number of people I see crying that they shouldn't be forced to spend 5 bucks on steam to have a full account, vs the number of people who reply saying it 5 bucks if you can't come up with it, well too bad (paraphrasing here) and those people have lots of stuff bought on steam. Its actually far more people responding just spend the 5 bucks then it is people whining that they should be able to have full accounts without spending money, so I brought it down some to give wiggle room.

As to the card, can't you put more money on it? If not and its because its not refillable then talk to who ever puts the cards out so that you can top them up. If its just because you don't have the money, well save up and put it on the card when you get a chance. You're not going to explode or give up the game or what ever because you can't buy the item right now this second.