Steam market tax fees

[Hash Smoking Slasher]

How does selling a 3 cent item for example only give you 1 cent when the taxes are 15% not 66%? Any for anyone wondering my currency it is the Canadian dollar

[sfnhltb]

It is 10% to the publishers/developers of the game with a minimum of 1 cent, and 5% to valve/steam with a minimum of 1 cent. A minimum of 1 cent goes to the seller, so hence the minimum price is 3 cents. The 10% and 5% fee rates only become relevant on more expensive marketplace items once the minimums no longer apply.

[PandaLicious]

It is actually a pretty unfair system from country to country.

Russians can bid in 0.01 rubles, giving them much finer granularity of buy offers and sell listings as well as as being able to list items well below the $0.03 minimum in the us or Canada.

That is pretty unfair for people living in countries with higher value currencies.

I feel steam should do like Riot with league of legends and create their own currency, maybe even use gems you buy with real money. It would allow people from all countries to have the same granularity for selling and buying items on the market.

[aiusepsi]

Originally posted by Trogdor the Keeper:

I feel steam should do like Riot with league of legends and create their own currency, maybe even use gems you buy with real money. It would allow people from all countries to have the same granularity for selling and buying items on the market.

I don't think they want to have a Steam-specific currency because of how that can be perceived as anti-consumer, making it difficult for users to intuitively grasp how much they're spending.

Other solutions would be to allow fractional cent (although removing the effective price floor on some items would probably make them go waaaaay down and that would make some people unhappy) or to allow selling of (fungible) items in stacks.