Steam is one of the most important gaming platforms. It’s popular, you can easily find any video game you want and customize features to your liking. But if you’ve spent your money on the platform before, you probably share the same frustration with others. You can’t withdraw money from your wallet, at least that’s what Steam says.
While it involves going through several websites, it’s possible to withdraw money from your Steam accounts. Below we delve deeper into this process and find out what it costs and the risks involved.
Steam Wallet: How it Works
The steam wallet holds funds you can use to purchase items on its store. That means you deposit real cash from credit cards, PayPal, Skrill, and bitcoin. You can deposit up to $2000 within a day if you’ve never deposit again. However, Steam only allows small payments of $100 or less per session.
Besides making a deposit, you could redeem a Steam gift card received from friends or purchased from a variety of websites. Friends could also gift your skins, software and other items. Alternatively, you could trade your skins and weapons for other items.
According to Steam, money in your account should be treated as store credit. Still, this is your money and has real value if withdrawn out of the Steam wallet.
Why doesn’t Steam allow Withdrawals?
Steam isn’t the only company that allows people to deposit and purchase items within its stores. PayPal, Skrill, Amazon, WePay and Stripe Subscriptions have similar wallets. And while you could argue they’re different from Steam, they allow withdrawals.
Steam, on the other hand, argues that disallowing withdrawals is for the best interest of the company and its users. But wait, how is not being able to withdraw your money to your best interest? Money laundering comes to mind.
Imagine if Steam allowed people to deposit thousands of dollars, buy and sell stuff before being able to withdraw their money. Drug dealers, embezzlers, hackers and people who get their money illegally would flock Steam to clean their cash.
Of course, if you’re looking for ways to withdraw $500 from your Steam Wallet you probably got it legally. And since it’s your money, there should be a way to get it out of Steam.
Best Way to Withdraw from Steam Wallet
How to withdraw money from Steam is one of the most talked about issues by Steam gamers. Luckily for you, we have a solution below. But before we dig right into it, keep in mind that Steam does not endorse withdrawals.
If you choose a withdrawal option that turns out to be a scam, there is nothing Steam will do to help you. For this reason, stick to these recommended withdrawal options.
Skin wallet is one of the quickest platforms for turning your Steam funds into PayPal money. The process is a tab bit more complicated than that but efficient nonetheless. The company accepts Counter-Strike: Global Offensive Skins for money, meaning you must turn your Steam funds into skins to use its services.
With all funds in the form of skins, create an account on the website. You can use your Steam login details or use a new email address and password. Once logged in, add a link to your Steam Trade account and the company will give a monetary value to your skins.
Once you’re satisfied by their prices, sell CSGO skins at skinsallet.com and they will deposit money into a PayPal account of your choice instantly. The process takes approximately 30 minutes. While Skin Wallet accepts CS: GO skins presently, there are plans to support DOTA 2, PAYDAY 2, H1Z1 and Team Fortress 2.
Last year, there were reports Valve Corporation was suing Opskins for allowing Steam users to sell skins. That was not the case because Valve only issued a warning for Opskins to cease commercializing Steam bots and end its ExpressTrade service. This was a big blow to the company though and it doesn’t accept CS: GO trading anymore.
Gamers are still allowed to sell skins for real money on the platform, just not CS: GO skins. In fact, Opskins has also been promoting its WAX branch that allows players to have true ownership over their in-game items. Unlike Skin Wallet, Opskins operates like an escrow account.
Players meet on the platform and sell skins and weapons. The company facilitates the transaction to ensure no one gets scammed. For this service, sellers pay Opskins 10% of every item they sell.
Like Opskins, the company takes 10% of your profits. You can deposit and withdraw cash using PayPal but there are limitations. The maximum PayPal deposit for new members is €23 without verification. If you give you your ID and a utility bill, you can then deposit up to €100 at a time.
A better alternative is to use bitcoin or bank transfer because you could deposit hundreds of dollars without verification. Payments aside, Skin Baron does a great job of recommending prices and skins. This makes it easier to estimate how much similar skins are being sold for and adjust your prices accordingly.
Dmarket is a tried and proven skins market place. It has been around for several years and even partnered with skins.cash. Like its peers, Dmarket allows you to sell skins for cash you could withdraw on PayPal, Skrill and other networks.
The company has a beautiful, gaming-themed website and lots of items to trade or purchase. Its partner, Skins.cash is equally easy to use. The latter site also allows you to sell TF2, H1Z1 skins, Dota 2 items, and PUBG skins.
Steam may not fathom the idea of letting players withdraw funds from Steam Wallet, but that does not mean it’s impossible. If you’re looking for a quick way to turn CS: GO skins into PayPal money, Skin Wallet is the best platform for this. When searching for a place to sell Dota 2 skins, Skins.cash and Skin Baron are better alternatives.
But before you make any sales, read the companies’ terms and conditions. Understand the charges and only sell if you think you’ll make profits in the end.