Steam can't escape the fallout from its censorship controversy
Steam can't escape the fallout from its censorship controversy
31 comments
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I see it didn't take long for polygon to turn into a clickbait factory post-layoffs
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I really doubt they care.
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How hard would it be to do direct bank withdrawal? Like governments and taxation firms often do?
There has to be something else relatively easy to use that customers can use to electronically pay stream without these knuckleheads in the middle.
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Welcome to the bank owned oligopoly lol.
Debit cards use the same PCI DSS backend, which is owned by Visa and Mastercard, both of which were created by banks (I think BofA made Visa)
"ePayment" systems like PayPal, Cashapp, Zelle, etc rely on the same backend, or also publicly owned by several major banks.
Direct bank wire transfers still have a useless transfer fee for literally no reason. I think maybe echecks don't, but they expose your full bank account numbers (for no good reason), and they're still controlled by the bank, and they don't offer it as a solution for rapid payments.
Bitcoin technically solved this problem except the supply system wasn't designed for stability, so the value is way too volatile. Even though there are better crypto currencies that have solved this problem like XRP, the blockchain hype train crashed so a ton of vendors don't accept crypto anymore even though they used to (including Steam).
This entire system is nothing but a highly organized and legalized fraudulent scam to ensure banks can rip off vendors and consumers with transaction fees and debt.
The only thing that bypasses this system at the moment is using physical cash, which doesn't work online.
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FedNow is an option within the USA that uses a government-provided system to cheaply transfer money, and a number of banks have signed on. It’s not in use because it’s not as universally available yet.
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Even Amazon does this, since decades
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I mean, besides personal checks or money orders? Crypto. About the only thing Crypto is good for really.
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31 comments
The headline doesn't seem to match the article.
It seems like a bank that processes PayPal payments in minor currencies has stopped processing transactions for Steam because of the content it hosts. Shouldn't people be mad at this bank, not Steam?
Steam should implement direct bank payments to decentralize the payment infrastructure. Steam is not blameless in this, they could solve this and have simply decided not to do so for the past two decades.
This is insane. This is an insane statement.
I am on the record going after Valve for things when everybody else gives them a pass, but I swear people just want to say things sometimes.
What you are saying is basically:
Steam should just have immediately invented its own PayPal, its own payment processing system, that works everywhere, near instantaneously.
I mean... I do think this is something they could actually do, but its kind of nuts to just frame this as if they could have just flipped a switch and such a system would exist, blamo.
No, this would be a huge undertaking, which would, as many other Valve projects and concepts, take time.
You can't just instantly implement what you seem to think you can. None this works that way, at all.
They already implement instant bank payments in a lot of countries where there's a reasonable consumer-to-business solution for it. I know at least Sofort/iDEAL/Bancontact are supported just fine in their respective countries.
Not if the bank won't accept the deposits
Wrong angle of attack. What about other companies that suffer from the payment processor? Not everyone can build their own.
Let me just mail my money in an envelope to Valve. That would get rid of the middleman!