Monthly payment for Steam Hardware?

[Damian]

Sadly, I have spent way too much :/
I bought a whole SimRig
Pimax Crystal VR
2 Base stations
2 Vive trackers 3.0
And all i need now are 2 controllers T_T

I ran out of cash :/ that's why doing like 3 month payment split would be nice :( or Klarna, they allow it.

Sadly there isn't even any shop selling those controllers (Valve Index Controller)

[Nx Machina]

Do you have the disposable income to purchase X? If the answer is no, wait till you do.

Alternatively use a credit card but there is a caveat. Pay the credit off in full next month and there is no interest to pay, do not and you pay interest on a per month basis so X becomes more expensive. A missed payment can affect your credit score.

Or take out a bank loan where the amount borrowed is paid off over a period of time with interest auto applied so X becomes more expensive. A bank will auto withdraw the funds and if your account goes into the negative you will pay fees.

Or PayPal Pay in 3 but the first payment is taken on purchase and the next two are taken over two months directly from your debit card or bank account so if you do not have the money available the payment may fail which in turn can affect your credit score.


Valve on the other hand wants the full payment upfront whether for their own products or for 3rd party products. How you choose pay for it (credit card, bank loan, PayPal Pay in 3) has zero relevance. They are not obligated to allow payments over time for products on their store.

[76561198407601200]

Αναρτήθηκε αρχικά από Damian:

Αναρτήθηκε αρχικά από cSg|mc-Hotsauce:

I'm only suggesting options other than the obvious ones; put money into your wallet a little bit at a time, just sock away some money in your bank/savings account for later, credit cards, hide some cash under your mattress, hide cash in your sofa...

But you know how this always goes.

:nkLove:

I can't buy time you know, I can "buy" now something for 50bucks more and pay it over 6 months... or I can wait 6 months and buy it then....

So you value 50 bucks more than playing lets say VR for 6 months...

Valve is fine waiting for you to have the full payment amount prior to purchase. Valve themselves accepting partial payments over time is risky, what isn't nearly ask risky is someone plugging in card info for what ever price the purchase is for, a processor taking funds from your bank and sending them to valve who then does their cut and what not after or taking full amount if it is their own hardware. Just about any place you go if you ask if you can make payments more often than not they won't allow you unless they have something setup specific for that, bookstore, department store (with layaway if that is still a thing). There are companies setup for such thing, credit card co are one of those, you go through them, if approved get a card that can then be used to get the game on steam. You then make payments on the credit card instead of Valve and/or developers risking that. Someone people are aware "Hey Valve lets people sell games, they are a game platform", understanding that perfectly fine yet cannot comprehend they are not a bank, not a processor, there are things in place for that yet some want a "trust me bro" option. Cannot see Valve ever accepting that.

[ChrisKyle]

That would be cool

[Start_Running]

Αναρτήθηκε αρχικά από Damian:

Αναρτήθηκε αρχικά από Start_Running:

But you won't be paying $50 You'll more be paying $60 because loans come with interest..

My friend, I know what I'm talking about because I know what I pay for.
When you buy something, it tells you the item price and how much the loan is over the period of time.

You can have 9% or 13% loan depending where you buy and what payment you use.

Which means you'll be spending more than if you just saved up and bought outright... and thats assuming you don't miss a payment.

Which is not farfetched when someone lacks the finnancial disciipline and wherewithall to either increase one's earining capacity or to simply set aside funds over time.

The fact that means you'll pay more means you will have LESS money in the long run and thusly take out more loans.

This is why Valve doesn't offer such services. I think Paypal does though so you can try using them..

[Knee]

But why do you need such things now instead of waiting until you can afford them? Think of all the money you could have saved not throwing it away on interest.

[Start_Running]

Αναρτήθηκε αρχικά από Knee:

But why do you need such things now instead of waiting until you can afford them? Think of all the money you could have saved not throwing it away on interest.

I mean it's fine for emergencies and whatnot but for things you can just as easily do without...It's like paying a supoer premium, and thats assuming you don't miss a payment.

[Ettanin]

Steam is not a bank.

Storefronts that allow payment plans do so via third-party banks or credit companies whereas those third parties will pay for you in your stead.

Valve doesn't need a middleman that takes another cut because of people that are financially irresponsible especially in an industry that thrives on FOMO (yes, look at all these "micro"transactions).

[Damian]

Αναρτήθηκε αρχικά από Start_Running:

Αναρτήθηκε αρχικά από Damian:

My friend, I know what I'm talking about because I know what I pay for.
When you buy something, it tells you the item price and how much the loan is over the period of time.

You can have 9% or 13% loan depending where you buy and what payment you use.

Which means you'll be spending more than if you just saved up and bought outright... and thats assuming you don't miss a payment.

Which is not farfetched when someone lacks the finnancial disciipline and wherewithall to either increase one's earining capacity or to simply set aside funds over time.

The fact that means you'll pay more means you will have LESS money in the long run and thusly take out more loans.

This is why Valve doesn't offer such services. I think Paypal does though so you can try using them..

I assume you only work 9-5 job and outside of that you have nothing else going on, if you felt insulted, sorry boo. By nothing else going on, i meant financially, so your income is your 9-5 job.

Lets say you have 2000 in your bank and a whole VR setup costs 1200, you look at your bank, yep I can afford it, you buy it.
Now you have 800 bucks left... next month you get cash you pay bills and this goes till the end of time.

Lets say you pay 110 bucks every month including interest, now you have 1890 on your bank account, lets say your gear box in your car blows up... or you need to replace the turbo charger where the compressor got damaged, now you need based on the car 600 for the part and 400 in labor for the mechanic. In scenario 1 you have no money, in scenario 2 you can easily pay for it.
Now you fixed your car and you still have 890 bucks, you can save it up and let the inflation do it's thing or you can turn your money into more money. You can maybe find a broken GPU for 400, fix it sell it for 800, the interest is 10bucks per month over a year, you made 400 profit, so in theory you can pay a 10bucks interest over 40 months.

Because they way you count it the end sum, You pay 1320 instead of 1200, but in fact you are paying 120 bucks over 12 months. Because this is the difference, the 1200 is not paid NOW and but over time with the interest, so either way you pay 1200 bucks but the difference is, could you do something in the 12 months to make you over 120 bucks making it a profit?

If you only consume aka I pay 1200 and do nothing, then like you said and I 10000% agree, it's a waste of money and you should just save up. But if you pay 1320 bucks (110 over 12 months) so you lose 10bucks each month over 12 months, you make a 10bucks profit every month, is like paying 1200 bucks. Because why could I afford 2k sim rig, is not because I suddenly got promoted, because I found a good deal, bought some lenses for my camera, did some product pictures (Sony Alpha 7 IV, paid with cash) and made enough profit to afford a 2k sim rig.

That macro sony lens 105mm costs 950euros... and some other filters.

You don't need to worry about my income, i drive a nice car and I need no advice.
My suggestion and idea was just to allow people monthly payments. If you have the opinion to buy things in cash now and never do loans etc... thats your fully valid opinion and i respect it.

[Damian]

Αναρτήθηκε αρχικά από Start_Running:

Αναρτήθηκε αρχικά από Knee:

But why do you need such things now instead of waiting until you can afford them? Think of all the money you could have saved not throwing it away on interest.

I mean it's fine for emergencies and whatnot but for things you can just as easily do without...It's like paying a supoer premium, and thats assuming you don't miss a payment.

The difference is, do you have 100 bucks left in your account and you try to buy a 1200euro sim rig and finance it praying that you never miss a payment.
Or if you have 3k on your bank account and just CHOSE to pay monthly and save the 3k for opportunities because gaming isn't that important that you must pay it now.

It's easier to get 5 loans for 500 bucks for computer stuff than getting a loan in 30s for 2.5k to buy lets say a car to then clean it and flip it for a little profit.

[Start_Running]

Αναρτήθηκε αρχικά από Damian:

Αναρτήθηκε αρχικά από Start_Running:

I mean it's fine for emergencies and whatnot but for things you can just as easily do without...It's like paying a supoer premium, and thats assuming you don't miss a payment.

The difference is, do you have 100 bucks left in your account and you try to buy a 1200euro sim rig and finance it praying that you never miss a payment.
Or if you have 3k on your bank account and just CHOSE to pay monthly and save the 3k for opportunities because gaming isn't that important that you must pay it now.

Except that you're not saving. You're just spending more.

Αναρτήθηκε αρχικά από Damian:

It's easier to get 5 loans for 500 bucks for computer stuff than getting a loan in 30s for 2.5k to buy lets say a car to then clean it and flip it for a little profit.

A nd just waiting and puitting a way a fixed amount every month or so accomplishes the same thing while actually allowing you to earn some interest on the money you're squirreling away.

[Damian]

Αναρτήθηκε αρχικά από Start_Running:

Αναρτήθηκε αρχικά από Damian:

The difference is, do you have 100 bucks left in your account and you try to buy a 1200euro sim rig and finance it praying that you never miss a payment.
Or if you have 3k on your bank account and just CHOSE to pay monthly and save the 3k for opportunities because gaming isn't that important that you must pay it now.

Except that you're not saving. You're just spending more.

Αναρτήθηκε αρχικά από Damian:

It's easier to get 5 loans for 500 bucks for computer stuff than getting a loan in 30s for 2.5k to buy lets say a car to then clean it and flip it for a little profit.

A nd just waiting and puitting a way a fixed amount every month or so accomplishes the same thing while actually allowing you to earn some interest on the money you're squirreling away.

Some interest, so can you speak numbers, because if your way of managing money will make me more money than I assure you I will compensate you.

But when you give your example please include examples and take into account that inflation also exists.

I have 2000 in my bank and I want to buy something for 1200... explain.

[76561198407601200]

Αναρτήθηκε αρχικά από Damian:

Αναρτήθηκε αρχικά από Start_Running:

Which means you'll be spending more than if you just saved up and bought outright... and thats assuming you don't miss a payment.

Which is not farfetched when someone lacks the finnancial disciipline and wherewithall to either increase one's earining capacity or to simply set aside funds over time.

The fact that means you'll pay more means you will have LESS money in the long run and thusly take out more loans.

This is why Valve doesn't offer such services. I think Paypal does though so you can try using them..

I assume you only work 9-5 job and outside of that you have nothing else going on, if you felt insulted, sorry boo. By nothing else going on, i meant financially, so your income is your 9-5 job.

Lets say you have 2000 in your bank and a whole VR setup costs 1200, you look at your bank, yep I can afford it, you buy it.
Now you have 800 bucks left... next month you get cash you pay bills and this goes till the end of time.

Lets say you pay 110 bucks every month including interest, now you have 1890 on your bank account, lets say your gear box in your car blows up... or you need to replace the turbo charger where the compressor got damaged, now you need based on the car 600 for the part and 400 in labor for the mechanic. In scenario 1 you have no money, in scenario 2 you can easily pay for it.
Now you fixed your car and you still have 890 bucks, you can save it up and let the inflation do it's thing or you can turn your money into more money. You can maybe find a broken GPU for 400, fix it sell it for 800, the interest is 10bucks per month over a year, you made 400 profit, so in theory you can pay a 10bucks interest over 40 months.

Because they way you count it the end sum, You pay 1320 instead of 1200, but in fact you are paying 120 bucks over 12 months. Because this is the difference, the 1200 is not paid NOW and but over time with the interest, so either way you pay 1200 bucks but the difference is, could you do something in the 12 months to make you over 120 bucks making it a profit?

If you only consume aka I pay 1200 and do nothing, then like you said and I 10000% agree, it's a waste of money and you should just save up. But if you pay 1320 bucks (110 over 12 months) so you lose 10bucks each month over 12 months, you make a 10bucks profit every month, is like paying 1200 bucks. Because why could I afford 2k sim rig, is not because I suddenly got promoted, because I found a good deal, bought some lenses for my camera, did some product pictures (Sony Alpha 7 IV, paid with cash) and made enough profit to afford a 2k sim rig.

That macro sony lens 105mm costs 950euros... and some other filters.

You don't need to worry about my income, i drive a nice car and I need no advice.
My suggestion and idea was just to allow people monthly payments. If you have the opinion to buy things in cash now and never do loans etc... thats your fully valid opinion and i respect it.

Nice and all, but that can be done by credit card, for some reason that fact is overlooked and wants Valve to instead take that risk. Thankfully they likely won't implement this, but who knows perhaps if the breath is held long enough and the skin a blue enough hue, things would change.

[Haruspex]

Affirm works for Steam, if that helps you.