Retail

New Steam wallet brings pre-pay to service

Tue 14 Sep 2010 7:23am GMT / 3:23am EDT / 12:23am PDT
RetailOnline

Funds can be logged by credit card, prepaid card and promotional codes

A new section has appeared on the Steam website today, allowing customers to pre-load funds to a Steam Wallet via credit card, prepaid card or promotional code.

The Wallet has yet to appear on the service's download client and hasn't been formally announced by Valve but appears to be fully functional.

The amounts are set brackets of £4, £8, £18, £35 and £70, although they are not translated into a points system in the way which Microsoft and Nintendo's pre-pay systems are.

The terms of service clearly state that: "You may place funds in your Steam Wallet up to a maximum amount determined by Valve, by credit card, prepaid card, promotional code, or any other payment method accepted by Steam."

The pre-paid card and code system also suggests that part of the motivation behind the move might be to allow non-credit card holders to purchase games by buying a physical card or code, or to allow parents to gift or pre-load an account for a child.

6 Comments

Is this really the only reason for pre payment, or are they going to introduce a minimum transaction like Sony have, where you have to spend at least £5 when you do a card transaction so any remainder obviously sits in your virtual wallet.

Posted:2 years ago

#1

Pedro Engana
Studying Information Systems and Computer Engineering

I sure hope not O.O
But why ditch the old system when the two don't directly clash?
I think valve is doing this purely for gift card sales, like Sony did with the cash card for PSstore.

Edited 1 times. Last edit by Pedro Engana on 14th September 2010 11:30am

Posted:2 years ago

#2

Mark Raymond
Gamer; Consumer; Blogger

Sounds like a complimentary payment system, to me. I think this is key:

"The pre-paid card and code system also suggests that part of the motivation behind the move might be to allow non-credit card holders to purchase games by buying a physical card or code, or to allow parents to gift or pre-load an account for a child."

Posted:2 years ago

#3

Stephen Woollard
Online Infrastructure Specialist

Great. Now I'm going to end up spending even more money on Steam.

Curse you Valve and your accessible, user friendly systems!

Posted:2 years ago

#4

@Pedro:

Even *if* this ends up replacing the current payment option, how exactly is this a bad thing? If this option does allow them to create gift cards then it just gives them another revenue stream...which isn't something most people would get upset about.

Posted:2 years ago

#5

I am surprised they haven't done this sooner,Kids who dont have a visa card can now buy on steam, also parents will not likely let their kid use the card details to buy a game but they wont be worried about giving them $10 bucks to go buy a prepaid card from a retail store which they could then use on steam.

Good move if you ask me.

Posted:2 years ago

#6

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