Convert Steam Points to Steam Wallet at a Lower Rate (1,000 Points = $0.25)

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khyden999 9 hours ago

Hey! I’ve got an idea to make Steam Points more flexible for users who don’t want to spend them in the Points Shop or on community awards. What if we could convert Steam Points to Steam Wallet at a lower rate?

Here’s my proposal:

How It Works: When you buy games, you earn 64 Steam Points per $1.00 spent. For example, a $50 game gives 3,200 Steam Points.
Steam Wallet Conversion: You can convert Steam Points to Steam Wallet at 1,000 points = $0.25, in increments of 1,000 Steam Points. So, 3,200 Steam Points could be turned into $0.75 (3,000 Steam Points), leaving 200 Steam Points leftover.

Why It’s Cool:

Gives players an option to get small real-world value from Steam Points they don’t want to use on cosmetics or awards.
The lower rate ($0.25 per 1,000 points) ensures the Valve isn’t losing much, making it sustainable.
Rewards loyal users while keeping the focus on spending within Steam.

Safeguards: To prevent abuse, Valve could limit Steam Wallet conversions (e.g., only Steam Points from non-refunded purchases) or cap monthly Steam Wallet conversions.

1. Only Steam Points from Non-Refunded Purchases:

What it means: Steam has a refund policy where you can return a game within 14 days if you’ve played it for less than 2 hours. If users could buy a game, earn Steam Points, convert those Steam Points to Steam Wallet (e.g., $0.75 for 3,200 points from a $50 game), and then refund the game, they’d essentially get free money. To prevent this, Valve could restrict Steam Wallet conversions to Steam Points earned from purchases that are non-refunded (i.e., you keep the game and don’t return it).
Why it matters: This ensures users can’t exploit the system by buying games, receive Steam Wallet out of Steam Points, and refunding to make a profit or repeatedly farming the Steam Points. It protects Valve’s finances and makes your idea more realistic.
Example: You buy a $50 game, get 3,200 Steam Points, and keep the game (no refund). You can convert 3,000 Steam Points to $0.75. If you refund the game, those Steam Points can’t be converted to Steam Wallet.

2. Cap Monthly Steam Wallet Conversions

What it means: This means setting a limit on how many Steam Points you can convert to Steam Wallet each month. For example, Valve might say, “You can only convert up to 10,000 Steam Points per month (that’s $2.50 at your 1,000 points = $0.25 rate).” This prevents users from gaining a huge amount of Steam Wallet from Steam Points at once, which could cost Valve a lot, if millions of users do it.
Why it matters: A monthly Steam Wallet cap keeps the financial impact lower for Valve and discourages users from hoarding the Steam Points to Steam Wallet out of massive sums. It makes your idea more sustainable while still giving users flexibility.
Example: You have 12,000 Steam Points from games that you brought. With a 10,000 Steam Points monthly cap, you can convert 10,000 Steam Points to $2.50 this month, and the remaining 2,000 Steam Points next month (for $0.50).

Do you think this Idea could work or not?

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Showing 1-9 of 9 comments

BloodShed 9 hours ago

No it won't work.

Jaunitta 🌸 7 hours ago

Points have no monetary value
You are trying to place a monetary value on a non value you got for free.

Ettanin 7 hours ago

This would make Steam Points get a monetary value suddenly where there was none before and no one wants to be paid in Steam Points. Those points were given as a loyalty bonus for purchasing directly on Steam.

blunus 7 hours ago

No. There won't be a second Winter Sale 2019 like crash and won't do ever again.

Nx Machina 7 hours ago

You are assigning a monetary value to Steam Points that have no monetary value.

https://steamhost.cn/points/howitworks

How do I get Steam Points?

Whenever you make a purchase on Steam, you'll be given Steam Points based on how much you spend. First, we convert this amount to USD, which then converts directly to the number of points you receive.

You will not receive any points for funding your Steam Wallet or for any Steam Community Market purchases.

You can also get Steam Points if someone from the community grants an award to one of your user reviews or other uploaded content such as screenshots, videos, guides, or Workshop items.

Truth 4 hours ago

Nope, horrible idea and there has been hundreds of threads on this. If they ever did a loyalty program it would be a new currency. They aren't going to give points that can be farmed, trolled, etc a monetary value.

Not to mention the sheer outrage they'd have from users if they did this who spent points on cosmetics who could have used them for money.

Plus your ratio is way to high. At the numbers you posted that can be as much as ~25% of steam's profit for a game rewarded back as cash