Easy to say. Hard, if not impossible, to do.

Originally posted by Thermal Lance:

Easy to say. Hard, if not impossible, to do.

They got the capital to try and get it started.

Originally posted by Plagen:

Originally posted by Thermal Lance:

Easy to say. Hard, if not impossible, to do.

They got the capital to try and get it started.

Enough to become a global bank? No.

Oh top of that there is a lot more to it than just having capital.

Originally posted by Plagen:

Originally posted by Thermal Lance:

Easy to say. Hard, if not impossible, to do.

They got the capital to try and get it started.

Throwing money around at everything in reckless manners is how companies self-destruct financially.
Having money before taxes and all cost deductions doesn't mean every service that makes a lot of money before deductions can just do anything & everything. Stores specialize in being stores. Payment processors specialize in being payment processors.

Originally posted by Mad Scientist:

Originally posted by Plagen:

They got the capital to try and get it started.

Throwing money around at everything in reckless manners is how companies self-destruct financially.
Having money before taxes and all cost deductions doesn't mean every service that makes a lot of money before deductions can just do anything & everything. Stores specialize in being stores. Payment processors specialize in being payment processors.

That's why I said they should create a division. Something separate from being a store. I mean, Valve created the Steam Deck/Index too, so they aren't just a store. They're a technology development company too.

Valve doesn't even need to issue physical cards or bother with dealing with physical storefronts. They could be a 100% digital payment processor.

Originally posted by Plagen:

Originally posted by Mad Scientist:

Throwing money around at everything in reckless manners is how companies self-destruct financially.
Having money before taxes and all cost deductions doesn't mean every service that makes a lot of money before deductions can just do anything & everything. Stores specialize in being stores. Payment processors specialize in being payment processors.

That's why I said they should create a division. Something separate from being a store. I mean, Valve created the Steam Deck/Index too, so they aren't just a store. They're a technology development company too.

Valve doesn't even need to issue physical cards or bother with dealing with physical storefronts. They could be a 100% digital payment processor.

You have no concept of how big VISA/MC are compared to Valve right? Valve can throw some weight in the gaming world. But, in the banking world they would need to convince people to use them over VISA/MC. Good friggin' luck convincing people to switch before Valve goes belly up.

Not easy to do as others have said, there should definitely be legislation to make this process easier for companies. But a handful of monopolistic companies are easier for the government to control than many scattered ones, so I don't see it being likely.

Originally posted by Plagen:

They got the capital to try and get it started.

Easy to spend someone else's money when it is not your own.

Originally posted by Thermal Lance:

Originally posted by Plagen:

That's why I said they should create a division. Something separate from being a store. I mean, Valve created the Steam Deck/Index too, so they aren't just a store. They're a technology development company too.

Valve doesn't even need to issue physical cards or bother with dealing with physical storefronts. They could be a 100% digital payment processor.

You have no concept of how big VISA/MC are compared to Valve right? Valve can throw some weight in the gaming world. But, in the banking world they would need to convince people to use them over VISA/MC. Good friggin' luck convincing people to switch before Valve goes belly up.

What do you mean "convince them over Visa/MC"? Banks don't have to use only one payment processor. They can use multiple, even both Visa & Mastercard. So adding another is simple work.

All we really need is something to directly link to our bank accounts and then be able to use that instead of Visa/MC. Kinda like Paypal. But like, a Paypal just for Steam.

That game is rigged right now; big two have to get broken up first. It’s not just about money, they are constantly making illegal anticompetitive moves.

If they’re ballsy enough to try and muscle over entire countries, the whole “they have enough capital” idea just isn’t true.

Originally posted by Plagen:

Originally posted by Mad Scientist:

Throwing money around at everything in reckless manners is how companies self-destruct financially.
Having money before taxes and all cost deductions doesn't mean every service that makes a lot of money before deductions can just do anything & everything. Stores specialize in being stores. Payment processors specialize in being payment processors.

That's why I said they should create a division. Something separate from being a store. I mean, Valve created the Steam Deck/Index too, so they aren't just a store. They're a technology development company too.

Valve doesn't even need to issue physical cards or bother with dealing with physical storefronts. They could be a 100% digital payment processor.

Places are not obligated to do random desires because they have money.
Since this would still not solve this exact issue, nor the dozens and dozens of threads before it, perhaps it's time all these 'gamers' unhappy about recent events band together and create their own bank/payment processor combination. Demonstrate it is easy as said.

If I had a nickel for every "you have the money to do this idea" idea.

Originally posted by Plagen:

What do you mean "convince them over Visa/MC"? Banks don't have to use only one payment processor. They can use multiple, even both Visa & Mastercard. So adding another is simple work.

In 1998, the Department of Justice sued Mastercard over rules prohibiting their issuing banks from doing business with American Express or Discover. The Department of Justice won in 2001 and the verdict withstood appeal. American Express also filed suit.


No dude get real, this is the ♥♥♥♥ they’re doing.

Originally posted by Plagen:

What do you mean "convince them over Visa/MC"? Banks don't have to use only one payment processor. They can use multiple, even both Visa & Mastercard. So adding another is simple work.

All we really need is something to directly link to our bank accounts and then be able to use that instead of Visa/MC. Kinda like Paypal. But like, a Paypal just for Steam.

While not taking into account how many millions use Visa, Mastercard to purchase on Steam, after all when it comes to Visa and Mastercard and their revenue what percentage is from Valve? 0.1%? or less which is drop in the ocean that Visa and Mastercard would not miss.

Valve needs their services, they do not need Valve.

I always love Idea men online who think they got this super idea that will just fix the entire world.

without thinking what it actually require to make such thing, and if its even worth it.