Steam Wallet is a virtual place to store your real money

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Steam logo Valve is adding a new payment option for its Steam service. Steam Wallet is used to store your hard earned cash that will eventually be used to purchase games on Steam. Its value to customers can be questioned, but it’s a viable option for younger gamers who don’t have access to a steady stream of income.

Steam Wallet lets you add cash in denominations of $5, $10, $25, $50 or $100. It sounds like the Xbox Live method with real money in place of Microsoft Points. A potential problem with this payment option is obvious. If you buy a game on Steam for $7.99 and you have $10 in your wallet, what are you going to do with the remaining $2.01? Steam is known for great sales, but finding something you want for $2 is a long shot. You may end up putting more money into your Steam Wallet than you initially intended. Security from hackers is another concern for Steam users. It’s just too much to consider when you can just play the exact amount from your credit or debit card.

Steam Wallet can be useful for children and teens. Instead of buying a single game from retail, parents can put $50 into a Steam Wallet and let their kids buy whatever they want. Look at it as an alternative method to divvying up allowance. Parents can say,”If you don’t clean your room, you won’t get $10 put in your Steam Wallet this week.”

Via [Steam] Read [Steam Friends]

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