Comment on Steam payment headaches grow as PayPal is no longer usable for much of the world: Valve hopes to bring it back in the future, 'but the timeline is uncertain'

SabinStargem@lemmy.today ⁨16⁩ ⁨hours⁩ ago

• Vinstaal0@feddit.nl ⁨7⁩ ⁨hours⁩ ago

  or just use Wero which they are gonna use anyway

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• NotMyOldRedditName@lemmy.world ⁨16⁩ ⁨hours⁩ ago

  Based off what? The option is credit cards or crypto.

  They don’t need a valve pay got crypto. They could easily accept something like USDC to accept crypto and not deal with volatility.

  For credit cards all that would do is bypass the intermediaries of they directly integrated to a credit card company, and then they’d still be subject to their rules that the intermediaries claim they violate to protect MC etc from having to say it themselves. It’d solve absolutely nothing.

  Also a direct integration like that is a multi billion dollar business and all the effort and expenses that would come with that without even solving the root problem.

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  • 0x0@lemmy.zip ⁨1⁩ ⁨hour⁩ ago

    but that’s slow and realistically not an option.

    Neither are cryptocurrencies for most people.

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  • Tinidril@midwest.social ⁨12⁩ ⁨hours⁩ ago

    I think the point is that Valve has the reach to start their own credit card network. It might be far fetched, but I’m old enough to remember when Sears launched the Discover card. It’s totally doable for a company that already has the technical capabilities of Valve.

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    • NotMyOldRedditName@lemmy.world ⁨12⁩ ⁨hours⁩ ago

      That is such a monumental task and valve only has between 350-400 employees.

      Stripe has around 8500 employees, and they only integrate with credit card companies.

      When sears made the discover card, they had hundreds of thousands of employees, and they didn’t need to deal with all the digital shit we gotta deal with now.

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      • Tinidril@midwest.social ⁨11⁩ ⁨hours⁩ ago

        they had hundreds of thousands of employees, and they didn’t need to deal with all the digital shit we gotta deal with now.

        They needed hundreds of thousands of employees because they didn’t have “digital shit”. Today, the entirety of Discover Financial Services is around 21k, and probably falling.

        If Valve did it, it wouldn’t be under the Valve organization anyways. It would be a subsidiary, and Valve has plenty of cash-flow to build it out.

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    • Ilovethebomb@sh.itjust.works ⁨11⁩ ⁨hours⁩ ago

      I wonder if it would be simpler to launch a digital only credit card, IE no physical card exists? If you can load the card onto a device that supports tap to pay, that would be a very useful card.

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      • Gigasser@lemmy.world ⁨1⁩ ⁨hour⁩ ago

        I mean…I wouldn’t mind a physical card if it looked cool and shit.

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  • Vinstaal0@feddit.nl ⁨7⁩ ⁨hours⁩ ago

    Fuck credit cards they are terrible for your finances.

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    • lmmarsano@lemmynsfw.com ⁨5⁩ ⁨hours⁩ ago

      Only if you’re bad with finances & don’t understand their use cases.

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      • Vinstaal0@feddit.nl ⁨5⁩ ⁨hours⁩ ago

        Even if you are good with your finances, they are still more expensive and if you use some kind of bookkeeping or budgeting software, you will have issues connecting the export.

        Yes, I know of cashback, but those don’t exist everywhere and exist so you buy more to fund the consumerism going on. Which is actively hurting society.

        The insurance part is nice, but often it’s not better than what you get with a normal bank card.

        Creditcards in most countries will hurt your credt score because of if you are paying money to pay off a credit card you cannot use that money to pay for your mortgage.

        There is also that technical benefit of having to pay later which means you can “invest” that money, but for the average joe that is an irrelevant benefit.

        The only benefit to me of having one is that I can use them on American sites that don’t support other payment platforms which is most American sites (including Amazon.com, while the European brands do support Wero etc.)

        You might be able to handle the responsibility of the credit card, but a lot of people don’t.

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  • Ilovethebomb@sh.itjust.works ⁨13⁩ ⁨hours⁩ ago

    Are you aware you can just transfer money between bank accounts, usually for free?

    Much like with a credit card, you could just transfer money to Valve, which would be credited to your account, and you can then use it to buy stuff.

    There’s no need for crypto anything.

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    • NotMyOldRedditName@lemmy.world ⁨12⁩ ⁨hours⁩ ago

      That takes time (days) that people don’t want to wait to make a purchase, nor do people want to leave a balance with companies or have to worry about topping it up so they have enough to buy the next game they happen to want without waiting.

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      • ndixon@feddit.uk ⁨8⁩ ⁨hours⁩ ago

        For me it takes barely even a minute. What stone age banking systems are you using?

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      • Ilovethebomb@sh.itjust.works ⁨12⁩ ⁨hours⁩ ago

        Bank to bank transfers typically show up in under an hour in my country, and you would obviously be able to credit your account ahead of time.

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    • wholeofthemoon@lemmy.world ⁨12⁩ ⁨hours⁩ ago

      You have completely missed the entire point of the number one cryptocurrency in the world. You’ll wish you had done some research. If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry.

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      • Ilovethebomb@sh.itjust.works ⁨11⁩ ⁨hours⁩ ago

        👍

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