Paypal terminating All Steam payments In currencies other than EUR, CAD, GBP, JPY, AUD, USD
- Thread starter adamsapple
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kazuyamishima
Member
I never suggested that PayPal is the best option, I'm actually suggesting people to never ever use PayPal as a currency converter, they possibly have the shittiest exchange conversion I've ever seen.
My issuer is almost always the national bank.
They literally have the best currency exchange rate and will net you a much much better rate than PayPal.
In fact in all the countries I've lived PayPal has never had the better exchange rate its actually usually if not always the worst because most banks/issuers will do the conversion basically for free or whatever the standard card cost would be whereas PayPal charge you a percentage of the transaction on top of having bad rates anyway............why would you advise against letting the issuer do the conversion instead of PayPal???
Rocinante618
Member
I always pay using my credit card, why would you ever use PayPal??!
Sucks though for others who were using PayPal.
Sucks though for others who were using PayPal.
Black_Stride
do not tempt fate do not contrain Wonder Woman's thighs do not do not
Your wording said otherwise.
The poster you quoted said "Never let Paypal do the conversion, let your issuer"
You quoted him saying "I advise you never ever ever do this"
You are contradicting his statement.....not agreeing with it.
The correct phrasing would have been to agree with him and say yes, dont use Paypal use your issuer.
Thats where the confusion came from.
Yes PayPal is the worst for conversions on most platforms, very few platforms are actually worse than PayPal, i think only crypto exchanges eat more of your currency for free.
Wildebeest
Member
Just tried to do some research on the sorts of risks payment processors have around steam and it is a very murky subject.
ReBurn
Gold Member
American Express is probably the least accepted credit card, especially outside of the United States. You must be frustrated fairly often if you don't also have a more widely accepted card as backup.
Bojji
Member
It's actually great to be independent from Germany.
In Poland we have our own currency and decide what to do with it and I don't think Euro will ever be adopted here.
Bojji
Member
I use it on PSN and Xbox accounts to avoid giving them my debit card info. Other than that it's useless.
What is funny is that ALL PC store apps (Ubisoft, Steam, Epic, I don't know about EA?) support MANY modern payment methods including express transfers and BLIK (it's amazing) but PSN and Xbox are years behind with only debit cards, credit cards and PP...
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adamsapple
Or is it just one of Phil's balls in my throat?
Yes. I don't want to put my card info in many websites and paypal works.
GymWolf
Member
Cdkeys is based in uk so paypal should be good to use...
Roman Empire
Member
Well, I guess I'll stop using paypal then.
Radical_3d
Member
You're about to become a major player in euro's economy. Back to the glory days of Jadwiga. Then it'll be very useful to profit from poor countries like us with the euro.
Here in Brazil PayPal is useless, first because we have national competitors that are much better like PicPay, PagSeguro and even MercadoPago (argentinian).
But much better thant these, we have a government run payment processor called Pix that is free (no fees) and universally accepted.
So fuck PayPal
But much better thant these, we have a government run payment processor called Pix that is free (no fees) and universally accepted.
So fuck PayPal
Bojji
Member
When Poland is getting better there always is some major fuck up along the way - like World War 2, Soviet Russia, incompetent politics (they are always like that), some major world financial crisis etc.
I'm not that optimistic myself, in general life gets better here (for the lest 35 years) but after 2020 many things got worse (and this is true around the world).
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Poppinfresh
Member
Paypal can go fuck themselves.
I used to do a lot of consulting and freelance work, and occasionally a client would want to pay via PayPal. Every single time, PayPal would find a way to make it as hard as possible for me to actually transfer the funds from Paypal to my bank account. They would either put a hold on the money "for my safety" or make me jump through a bunch of hoops to transfer the money.
A miserable experience every single time.
I used to do a lot of consulting and freelance work, and occasionally a client would want to pay via PayPal. Every single time, PayPal would find a way to make it as hard as possible for me to actually transfer the funds from Paypal to my bank account. They would either put a hold on the money "for my safety" or make me jump through a bunch of hoops to transfer the money.
A miserable experience every single time.
Yeah, I've heard Brazil is surprisingly advanced in this area. Good! More countries should copy that model.
In any case...this news sucks. PayPal's partners should not be messing with folks about what currencies they want to use or what goods they want to buy.
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xrnzaaas
Member
Both PS and MS Store support redeemable codes to add funds to your account's wallet. I've been using this method for over 10 years and never linked my card to any account (for security reasons, of course).
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Last Hearth
Member
This is the solution right there, being able to always in the future convert your crypto to steam credit is probably sufficient insurance for a lot of gamers to buy it. Censorship would die because nobody would need payment processors to purchase on steam. It will also make Gabe Newell billions, he might make more money from that than Valve itself.
I will not accept currency from any country that is not a vassal of the United States.
A.Romero
Member
Yeah, it used to be that way but nowadays is rare to find a place that doesn't take it. In those situations I use cash.
I'm in Mexico and I would say 9/10 times they take it.
HerjansEagleFeeder
Member
bender
What time is it?
Same here and at least in the US, it's easy to find frequent deals with 10%+ off their prepaid wallet cards.
Reizo Ryuu
Member
imagine giving random shops your banking information; of course people use paypal.
Mithos
Member
I've never seen any deals for PS cards anywhere, that specifically say "Sweden" on them, I see for UK, EU a lot but never "Sweden", and never from places I'd trust to buy from.
Sorcerer
Member
I believe the only thing you may not receive is Steam Points for the Point Shop. Not that big of a deal I suppose.
Although if a game is given away free on Steam itself then cards will not drop for that game.
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bender
What time is it?
Yeah, I can't speak for the ROTW, but following Wario64 on Twitter, we see deals almost weekly on PS, Xbox, and eShop cards (usually from NewEgg). Deals on Steam cards are much rarer though.
notseqi
Gold Member
Can you fix it by changing the main currency paypal charges you in?
Feels like they are not wanting to deal with volatility between currencies, which is probably the anchor of their business - holding currency until it's more worth to another one than when you turned yours in.
Feels like they are not wanting to deal with volatility between currencies, which is probably the anchor of their business - holding currency until it's more worth to another one than when you turned yours in.
Bojji
Member
Dr. Samuel Hayden
Member
Because the payment systems are going to war against steam for the high crime of not kowtowing to them and censoring all "problematic" content.
BeardSpike
Member
Yeah, I always use BLIK.
Or go with gg.deals and choose nonkeyhsop keys, then pay with Revolut.
Paasei
Member
I tried to cash in at the Steam Bank, but the Valve of the vault was stuck... Guess they were holding my money under pressure.
ChuckeRearmed
Member
Interersting that the censorship in the western countries (like UK), Mastercard/Visa censorship and now Paypal restricting all the currencies (aside western affiliated ones) started to happen at the same time.
i use my debit card through paypal for so many things. It's just more convenient. On steam i use it because if i use the card directly i need to go and approve it manually on my phone after a certain amount, through paypal for some reason it no longer asks.
The other and most important thing is subscription services. You know how when you want to unsub you need to fight through like 4 different screens to confirm, they'll offer you a discount if you stay, they show you what's coming next, are you sure you want to unsub? And i dont wanna deal with that, so i just go to paypal and click stop payments and the subscription service will unsub for me without bothering me as soon as they dont get their money. You would think you could do this with your card right? Well maybe but not me, my card apps dont allow me to block payments myself, i contacted visa to block one specific payment and they said they cant i would have to contact my bank. I contacted my bank and they said they couldn't, to contact visa and when i told them i had already done that and they said to talk to them they said oh well then i guess you have to block your card and order a new one. Not only is that ridiculous that they cant do something that paypal has done for years, but also it's just bad advise, why would i order a new card over that? The easier solution is to just block online payments before that payment and then they'll cancel it themselves and i'll just unlock it again.
yurinka
Member
Somebody should create a censorship free bank and payment method with total worldwide coverage (including countries banned by US government) out of the control of VISA, Mastercard, Stripe, Paypal, IMF, FED, ECB and equivalents, US/EU/UK/Israel governments and their economical elites.
One of the reasons may be that the people behind the payment processors want to destroy these business to buy them (no need to go public to agree a sale) cheap if they reach a point they get desperate.
This one regarding limiting currencies could be to hurt the banned countries/currencies and support the allowed ones, because if people now will want to pay there using Paypal (I think this may end being extended to other payment methods) they'll have to buy USD, Euro, etc.
So pretty likely all these things are part of the same strategy / agenda.
The American payment processors are fucking many online business, not only Steam. First with their pressure to censor NSFW content and now seems that banning payment from certain countries.
One of the reasons may be that the people behind the payment processors want to destroy these business to buy them (no need to go public to agree a sale) cheap if they reach a point they get desperate.
This one regarding limiting currencies could be to hurt the banned countries/currencies and support the allowed ones, because if people now will want to pay there using Paypal (I think this may end being extended to other payment methods) they'll have to buy USD, Euro, etc.
The NSFW censorship wasn't only from Visa and Mastercard: Paypal, Stripe or several banks were also doing the same.
The ones behind these payment methods, the western banking system and the US / UK / EU goverments (lobbying them, choosing who's going to be president, mainstream media propaganda, now also social media) making western censorship or country banning laws are basically the same.
So pretty likely all these things are part of the same strategy / agenda.
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falling into hell
Member
That was clear they will do everything they can to shove down their leftwing fake values down our throat.
Companies like visa are going full retard I bought some magazines and a game from amazon and couldn't pay with my visa card payment was denied.
Companies like visa are going full retard I bought some magazines and a game from amazon and couldn't pay with my visa card payment was denied.
Hari Seldon
Member
It is surprising to me that content is the issue since they are leaving the western currencies. Maybe there is shit going down in China or elsewhere that is not being reported on.
yurinka
Member
I assume that they ban these currencies because who is behind this payment method wants to fuck these banned currencies and the countries using them, and to strengthen the ones still supported.
I'd say it has nothing to do with the content but instead of destroying the economy of certain countries on purpose even if they are western/supposed allies, and use the content as excuse.
Trump is meeting with Putin this week, and I assume isn't to talk only about Ukraine.
I think there could be different topics, all related to the USA(specifically, who is their main lobby and manages their currency/banks/hedge funds/top companies) vs China/BRICS economic war:
- After being rearmed and rebuilt, Israel could resume their attacks to Iran soon
- Recap of how USA is destroying and vampirizing the (non-Russia) European economy via the Ukraine war, the sanctions to Russia, tariffs and now mandating stuff like rearming EU, making them pay the NATO, forcing them to 'invest' (not getting profit back), to buy energy way more expensive to USA, and so on
- As I remember the BRICS were considering to make a shared currency to make business between them without replacing the existing ones they have. That currency would be partly backed by gold, partly by their currencies. Meaning, if the BRICS change to use this new currency between them would need to buy way less dollars and Euro, meaning US and Euro would tank
- This currency ban extending to everything beyond PayPal and Steam could be a preemtitive action to the creation of that new coin
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yurinka
Member
The original source:
https://www.rockpapershotgun.com/va...ently-an-option-in-a-whole-bunch-of-countries
Yes, Valve says it's a continuation of Paypal and specifically one of their related banks supposedly because of the content.
Apparently in general -not only games- NSFW content related transactions have a way bigger percentage of ending in a chargebacks / refunds (stolen cards, family noticing stuff etc).
Chargebacks have a cost for the different parts involved in the process, so it would be understandable that some of them would want to reduce them.
I remember when I did work making mobile games that in the Apple App Store chargebacks/refunds the dev had to return the 100% of the transaction instead of just their 70%. Meaning, chargebacks resulted in a 30% loss of the transaction for the dev and a 30% profit for Apple.
But doesn't seem to be the case, because these payment processors aren't attacking certain type of content.
They are attacking stores/websites and certain countries/currencies while doing nothing for others that share the same content. Meaning, it has nothing to do with chargebacks.
Reizo Ryuu
Member
Well can you then post the statement instead of linking to a known grifter?
Dr.Morris79
Gold Member
Yep, it all still works good..As long as they still take Starmers mighty coins then im all good.
Right, time for some inces...
chromatic9
Member
Why is paypal leaving out EUR, CAD, GBP, JPY, AUD, USD?
mayham2199
Member
I like Paypal but it's not that serious to me. I'll be getting rid of it.
DownLikeBCPowder
Member
Really close to effectively being the "Five Eyes". Can't help but see that.
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