You should maybe look up how paying with your phone works.
And what in your mind is the thing banks will be begging Steam to be let in on? This reads like payment processing fan fiction.
You should maybe look up how paying with your phone works.
And what in your mind is the thing banks will be begging Steam to be let in on? This reads like payment processing fan fiction.
I know how it works because connecting your bank account to your phone can be crappy and fiddly as it goes through Visa/Mastercard. But it works that way just to ride on customers of legacy systems. It doesn't have to work that way if you bring your own customers. It would have to start online of course and eventually move through phones to the real world.
I don't trust Paypal, at all, because its brand is damaged beyond repair, but I would put enough money on Valve account to do all of my online shopping with it if Valve did even just what Paypal does (even without connecting Visa or Mastercard directly).
It seems like you're treating your personal knowledge and preferences as the basis for Valve to take on an entirely new source of revenue and risk. It's a fantasy.
Even if 100% of Valve's user base cared as much as you (they do not), why would Valve take on the massive risk of connecting to its users' bank accounts? Of having to collect on debts? etc.
> It's a fantasy.
Of course.
> Of having to collect on debts?
Why would they need to do that? "Credit" part of credit card is completely irrelevant when it comes to payment systems. It's a trick to milk the customers. Why would Valve lower themselves to that level?
My point is, with crystal clear, pro-consumer reputation Valve could be real alternative to gambling industry of Google Play store, payday loan business of VISA/MasterCard and gym membership style of extortion of other services. And betting on consumer was a recipe for success for Valve so far.
Why would they try? Because it's always good to 10x your revenue.