Steam Wallet - Microcents :: Suggestions / Ideas

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Legionnaire 19 hours ago

Steam Wallet - Microcents

The current Steam Wallet operates on whole, legal, USD. I am suggesting an addition to this system for Microcents, which are $.001

These will primarily be used for markets trades, allowing for the mythic $.01 crate to exist

Developers will still receive their 10% (which is $.001, the minimum), and steam gets their 5% (which is $.001, rounded up.), users then receive $.008.

The buyer puts $.01 in.

At 10 sales of this $.01 item, steam effectively now has $.01, and the developer gets their $.01, and the seller gets $.08.

10 cents went in, 10 cents left, the only error/flaw with this may be transaction fees.

Everything is sold at whole numbers (For transactional reasons, it must be a minimum of .01 for the buyer), backside has Microcents.

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Legionnaire 18 hours ago

Originally posted by Legionnaire:
10 cents went in, 10 cents left, the only error/flaw with this may be transaction fees.

Which is entirely mute, because the steam market only operates already on the steam wallet alone, meaning transactions are stable, regardless of transaction fees from withdraws/inputs into a Steam Wallet for both players ($5 goes in), or devs ($5 goes out), because those are large enough numbers to deal with payment processor fees, while everything that goes on in the market is entirely internal and thus, can be subject to sub-numbers without transactional fees getting in the way.

Fatality 17 hours ago

While microcents could, in theory, provide more accurate pricing and distribution for very low-value items, the broader systemic impact would likely be negative. In any low cap market, you’ll see an increase in bot arbitrage. Automated traders may exploit microcent spreads more aggressively, reducing meaningful human participation within that microcent environment. Additionally for non-USD markets, sub-cent granularity may not map cleanly, creating rounding or cross-region inconsistencies. This can already be an issue, going sub-cent would only exacerbate that issue. The one-cent floor, though imperfect, acts as both a technical safeguard and a psychological anchor.

Last edited by Fatality; 17 hours ago