NO, steam is not a bank.

Originally posted by GamePro46:

Add ability to withdraw wallet funds to bank account

Title says it all. I think its fair that i can sell my skins on community market and withdraw money. This would eliminate sketchy third party skin sites pretty much. What do u guys think?

Valve/Steam is not a bank.

Money laundering and fraud is bad enough as it is.

Originally posted by GamePro46:

Title says it all. I think its fair that i can sell my skins on community market and withdraw money. This would eliminate sketchy third party skin sites pretty much. What do u guys think?

That it would make things significantly worse.

I award you no points, and may god have mercy on your soul.

Wallet funds are stored credit, anyway. They have no monetary value.

Originally posted by Mr. Smiles:

Wallet funds are stored credit, anyway. They have no monetary value.

Girl Maths meets Gamer maths?

Getting store credit is taxable income in most western jurisdictions.
Steam literally made you file some IRS form when you reached a treshhold in market income or wanted proof that you are not a US citizen.
Getting store credit or discounts as part of your salary is even counted as monetary benefit.

Also declaring money you put into a store account and can use to buy products on that store as not having monetary value is ...

Originally posted by cinedine:

Steam literally made you file some IRS form when you reached a treshhold in market income or wanted proof that you are not a US citizen.
Getting store credit or discounts as part of your salary is even counted as monetary benefit.

There was an item sale limit. 200 items. The sales amount was over "$20,000."

Why am I being asked to provide tax information?

The United States Internal Revenue Service, under Section 6050W of the Internal Revenue Code, requires us to collect certain information from you if you engage in more than 200 separate sales transactions in a calendar year. In particular, if you are a U.S. citizen or resident, you will need to provide us with your name, address and Social Security Number, and if you are not a U.S. citizen or resident, you will need to provide evidence of your non-U.S. status on an online form we provide to you. We will be providing a link to these forms and a process by which you can provide the needed information if and as you approach the 200 sales limit. We may use a third-party to collect this information. You can choose not to provide this information if you wish, but you will not be able to list any items for sale in the Community Market once you meet the 200 sales threshold, and any items listed will be removed. Note that, while we are required to collect this information from you, we are not required to share this information with the IRS under Section 6050W unless you exceed $20,000 in gross sales in the Community Market within a single calendar year. For purposes of calculating the number of sales you have made in a calendar year, all of your accounts will be treated as a single account.

https://web.archive.org/web/20181025185859/https://support.steampowered.com/kb_article.php?ref=6088-udxm-7214

It was also discontinued late 2018.

http://web.archive.org/web/20181104025605/https://support.steampowered.com/kb_article.php?ref=6088-udxm-7214