Valve launches Steam Market

New market for buying and selling items enters beta, only available for Team Fortress 2; 15 percent transaction fee, game-specific surcharge attached to all sales.

Valve today launched the Steam Community Market, currently in beta and compatible only with Team Fortress 2. The virtual market allows users to buy and sell in-game items using their Steam Wallet funds. Support for other titles will be introduced in 2013.

The launch of the Steam Community Market was a result of Steam trading popularity. Valve software engineer Tony Paloma said over 500,000 trades are made every week and that "giving players a way to turn gameplay into funds for new items and games is a key component for moving that success forward."

A transaction fee of 15 percent paid by the buyer and collected by Steam will be applied to every sale. Valve said this fee is used to protect against fraud incidents as well as the cost of development and future Steam economy features. The fee may also be increased in the future, Valve said.

Additionally, a "Team Fortress 2 Fee" is applied to all transactions. It is a game-specific surcharge that is determined and collected by the publisher, which in this case is Valve.

The Steam Community Market supports numerous currencies. Purchases made with non-Steam Wallet currency will pay an exchange rate calculated by Valve on a daily basis.

A full list of details regarding the Steam Community Market is available at Valve's Valve's website.

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Eddie Makuch

Eddie Makuch is a news editor at GameSpot, and would like to see the Whalers return to Hartford.
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0 comments
BlackWaltz_No_3
BlackWaltz_No_3

Hats are cosmetic items, they don't give you overpowered stats that will make you a cookie cutter throughout the game. Comparing this to Diablo 3's RMAH is just silly. And yes, one can never have enough hats.

Fernin-Ker
Fernin-Ker

At last... The Hatconomy is now a very literal thing...

Sardinar
Sardinar

Everybody here is fucking paranoid. These items do not have 'stats' that are needed to succeed in the game just like Diablo 3. This is NOWHERE near as bad as what Blizzard is doing. Mind what you're saying. 

Shawndox
Shawndox

Absolutely not feeling hot for this. This is, as most people have said, going into the alley Blizzard took.

 

Valve, you're great, but don't push it. It's not healthy.

MidnightMeteor
MidnightMeteor

Is Valve expecting a Blizzard to come through with this new Steam Community Market then?

DeViLzzz
DeViLzzz

I love the idea Valve but 15% ?  Damn. :Z

cheamo
cheamo

They should have this except it should be for games themselves, not for the items in them.

eriktkire
eriktkire

this just adds to my disbelief that people are willing to go this far for "hats."

 

I know it's more than just hats now and to each their own, but man, when you think about it... this all really came from TF2 players becoming obsessed with hats.  It's kind of like some surrealist practical joke.

carolino
carolino

Will we ever be back to the days where a player is better then another cause he tried harder /traded better/ explored more/ Played Better ?

 

I bought diablo 3 with money and by money my gaming was ruined. And i never spent a cent on rmah.

 

Kjranu
Kjranu

15% surcharge? Looks like they just copy and pasted the Diablo RMAH and called it Steam Market. 

X-RS
X-RS

WOW! 15 percent?!!?

Please tell me thts going to drop, cuz when this is fully integrated an XBL subscription will be PENNIES!

>.<

Hate all this buy dlc stuff!!!

shnull
shnull

tsk, where's the market to sell second-hand digital download games ? who cares about tf2

bongsyas_23
bongsyas_23

they need money because Half Life 3 development is costly

IvanKavinski
IvanKavinski

Sweet.  And no, this is not even close to the same thing as Diablo 3.

Link3301
Link3301

Sadly, Valve will be praised for this while Blizzard will continue to be criticized for the rmah in D3. I think Valve is one of the best developers out there, but is annoying to see them getting free passes or even being praised for doing things that other companies are heavily criticized for.

JURGMANDR
JURGMANDR

hmm now if only I could sell Max Payne 3.

jedediahpelland
jedediahpelland

I just want to be able to gift any game in my library to a friend. For example I had already bought GTA 4, on steam, then bought the full GTA bundle. SO technically I have two copies of GTA 4 now, but only one shows up, I should be able to gift that second copy anytime I want to a friend. Right? Or am I wrong? I have aquired 2 copies of the same game this way on different occasions but steam only registers I have 1 copy.

UnwantedSpam
UnwantedSpam

I can picture Gaben right now...sitting on his throne of pizza boxes and ice cream cartons...wearing his Burger King crown...laughing as he counts his moolah... tapping his crowbar-esque scepter...sipping a glass of gravy...

 

Hopefully this doesn't wind up getting abused, but knowing human nature, it will be.

collinmul
collinmul

Smart move.

 

Some selling of in-game items was already going on behind the scenes (*cough* PayPal *cough*).  It wasn't illegal, but it was needlessly complicated.

 

Streamline the process, charge a little for the effort, and everybody wins.

ESB
ESB

Valve takes a 10% cut on all transactions, geez Gabe is swimming in pizza sauce right now!

Toysoldier34
Toysoldier34

Wow, I just made $1. I read the article, put up some items for sale. And already sold some. Been less than 10 min or so.

Zloth2
Zloth2

So what's the news on the tax front for these things?  If there's any way an in-game item can be turned into cash, then you in-game rewards suddenly turn into "winnings" and might well be subject to a tax.

unchartedpwns
unchartedpwns

Sounds pretty cool. But WHY AREN'T MY EXISTING TF2 ITEMS MARKETABLE?!?! 

nate1222
nate1222

Doesn't seem bad. But some greedy mofos will probably ruin suh a feature.

 

As far as online co-op and such, I'm much more of a L4D, Unreal Tournament and Dungeon Defenders person.

xdrmonkeyfishx
xdrmonkeyfishx

Microtransactions is what this really is. What a cash grab

DeadPhoenix86
DeadPhoenix86

time to get rid of all my TF2 items. i never play the damn game xD

frunklindoodle
frunklindoodle

And this is the reason of why I (and a lot of others) quit playing Team Fortress 2. The micro transactions and the hat trading took away from the core gaming element.   I want TF2 not Barbie Dress Up. 

PinchySkree
PinchySkree

I trust Gabe, if I spend anything my money will be going to a good gaming cause.

jesusmartin23
jesusmartin23

I sold keys until my wallet reach 200 and that is the limit so I can not sell anymore. What is worse is that I can not transfer the money out of the wallet so I basically lost all the keys. Idiocy...

SolidTy
SolidTy

It's a growing community, seems pretty neat feature. I hope greed doesn't kill it years from now.

PinchySkree
PinchySkree

So long as the prices of items are in pennies like the screenshots that 15% won't have the kind of bite that the 250 dollar items have on Auction House Simulator 3.

 

Team Fortress 2 was a good game first for a long time, so long as developers keep a trend of good games with a shop that is merely a convenience feature then there isn't too much to worry about. Not building games around leeching from buying power or paying to win like Diablo 3 or Planetside 2.

moncealyo
moncealyo

I like steam but I don't know what to think of this.  I just want to buy a game and enjoy it without micro transactions or paid dlc content.

SwimSwimHungry
SwimSwimHungry

And you guys thought that Diablo's auction house was a bad idea.

justin01
justin01

So can I cash out? Can I fatten up my wallet with this? Just wondering.

tagyhag
tagyhag

One step away from being able to sell used games. :D

Pukshd
Pukshd

Perfect! Ima free player(And means not much room for itens.) so now besides dump then, sell then!

cipo89
cipo89

Awesome Idea!

 

Landsharkk
Landsharkk

This just helps put the Free 2 Play item/auction houses in control of the players instead of the game dev/publisher.

 

I don't really see a problem with it.  And for those who have bought in-game items in the past, this might be a good alternative and a way to set up a shop of your own.

shingui5
shingui5

clever Valve.

 

Collect a cut on all sales made on the market, and also allow publishers to take a specific cut per game per sale. so Valve is collecting two separate cuts for each item sold for TF2.

 

Sounds like some weaselly thing governments normally do o.0

JFERNANDEZ84
JFERNANDEZ84

Too bad. I thought it was about selling games that I never will play again or never did.

Sideshow_me
Sideshow_me

yay.. now i can sell all my unwanted TF2 crap i get when purchasing other games

fatee
fatee moderator

So it begins. First we'll have simple trading of items in current games for real cash, next: we'll have games built from the ground-up to cater to real cash trading... aka Diablo 3.  

PeterDuck
PeterDuck

I gave away so many Team Fortress 2 items that I've lost count.

padako
padako

I remember when Steam came out and everyone said it was a ludicrous cash grab. now it is a staple for most PC gamers. Auction houses are the new norm guys so get used to it.

starduke
starduke

Buying a a virtual hat with real money? I'd much rather buy a real hat with real money.

The fees are ludicrous.

Nexozable
Nexozable

Now let's watch people love this while hating on the similar idea implemented by Blizzard for Diablo 3.