Valve Is Getting Rid of Physical Steam Gift Cards, Citing Scammers
Valve is discontinuing physical Steam gift cards at retail stores due to their frequent exploitation by scammers. While existing inventory can still be sold, the company will not restock them to prevent further financial fraud against customers.
Why it matters
This move highlights the ongoing struggle of digital platforms to mitigate real-world financial fraud facilitated by anonymous, untraceable payment methods.
The Steam store is ditching physical gift cards because scammers have been exploiting them to steal and launder funds.
The report is a straightforward account of a corporate policy change and the stated reasoning behind it.
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