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Article: French Court Allows the Resale of Steam Titles

Started By:
Saelanna, Wed 25 Sep, 2019 1:55 PM
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    #1
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    #2
    IMO the best way they can impliment this from their perspective is by having games being sold via Steam wallet money, this keeps the games, and the money within the closed platform. This means people can sell their games through Steam, and get wallet money to buy games.
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    #3
    IMO the best way they can impliment this from their perspective is by having games being sold via Steam wallet money, this keeps the games, and the money within the closed platform. This means people can sell their games through Steam, and get wallet money to buy games.
    Yes that sounds reasonable I think.

    Allowing them to be sold for real cash would open up all kinds of hell once certain sites (which we shall not mention) got wind of it. At least keeping it all "in-house" so to speak means it can allow people to sell games they don't want but then get new ones from a controlled source and everything is wrapped up in a single protected system. Less chance for exploitation this way.
    A huge number of games are on Steam anyway so it is not like you are limited by only getting credits/steam money etc.
    SulMatuul
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    #4
    The balance of your Steam Wallet doesn't count as money, it's store credit.

    That allows them to claim the digital goods being exchanged on the Steam Community Market have no monetary value, which is important because Valve wants to avoid a broad swath of strict national and international regulations and oversight. The most powerful agencies watching are the tax agencies - the government always wants their cut.

    Simply putting games onto their existing Steam Community Market isn't going to be sufficient for compliance, much like how the Steam Wallet being the only option for a refund wouldn't have been sufficient back when that was before the courts.
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    #5
    Simply putting games onto their existing Steam Community Market isn't going to be sufficient for compliance, much like how the Steam Wallet being the only option for a refund wouldn't have been sufficient back when that was before the courts.
    Unfortunatly, it might be the only option in this case, as oppose to refunds. Allowing games on Steam to be sold second hand for real cash opens up a real possibility of money laundering, you could buy a game with dirty money, and sell it on multiple times, and clean the money. Then there are problems with overseas tax, and the price differences for Steam games, as well as regional limitations for certain games. There are things patched out in Germany that aren't the UK for example.

    Trading digital goods for real money has a unique set of problems, which isn't faced by selling a physcial item.
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    #6
    It's not an option. If real money isn't involved, then it wouldn't count as a resale.

    AML/CTF regulations and agencies are actually what I specifically had in mind when I wrote my comment. The issues around not-yet-regulated digital markets like this was literally one of the things we covered in my financial crimes analysis certification last year. I'm not familiar with the specifics about what the tax agencies intend, only that they'll be the ones taking the lead on these transactions.

    We're still struggling to catch up with gift cards, so the these digital markets are probably safe from regulatory oversight for some time yet.