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.
Phasmophobia is a 4 player online co-op psychological horror. Paranormal activity is on the rise and it’s up to you and your team to use all the ghost hunting equipment at your disposal in order to gather as much evidence as you can. By the way, Paypal did tell me that you are not allowed to use your PayPal Mastercard for any purchases on Steam because it is considered the same as a site that offers gambling or alcohol! But, they said that you can pay using your PayPal balance which is what I have done in the past. But, now, it no longer gives me that option. The reverse is the case because you can only send money from Paypal to your steam wallet, Your balance on Steam is stored in what is known as your Steam wallet. Funds can be deposited into this wallet using all major payment methods including credit cards, debit cards and PayPal. A full list of payment methods is available on the Steam website.
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
Contents
- 3 Best Way to Withdraw from Steam Wallet
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.
Steam Paypal Refund
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 Still, this is your money and has real value if withdrawn out of the Steam wallet.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
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.
Opskins
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.
Skin Baron
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
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.
To Conclude
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.
In this guide we’ll talk about how you can withdraw your Steam wallet money from Steam into your pocket, there is no feature in Steam that let’s you do that but that doesn’t mean you can’t get real money from your Steam funds, in this guide we’ll show you a easy way on how to do this. The idea about is simple, we’ll head over to the Steam community market, buy items with our Steam funds, then sell those items for real cash. Below I’ll go through the process step by step. and show you how to maximize your profit when converting Steam funds into money.
Some of the links in this guide are affiliate links, using these links will earn Tradeplz some revenue, use them to support the site.
First things first we’ll head over to the Steam Community Market’s, I would suggest you buy any CSGO key (not Capsule Key), these keys have a stable price and has a high demand, so you’ll sell them pretty fast for a fair price.
After you bought the keys you should head over to Bitskins (they have only a 5% sales fee making it great for cashing out) to sell them, use their price check feature to see what the best selling price could be, undercut the lowest price will get your item sold fast and if you set your price to compete with other sellers but not the lowest you should sell your keys in a few hours or so. After the keys are sold you can cash them out though Paypal, Bitcoin or via Bank wire.
Down below I’ll go into more detail how you can do this and also provide a few alternatives that will increase the amount of money you can get from your Steam funds when cashing out, that being said buying/selling CSGO keys is one of the quicker option for cashing out from Steam.
Buying our items on the Steam Community Market
The first step of the guide is to buy a few items on the community market with our Steam wallet funds, you can do this with items from any Steam game, but we’re going to use CSGO items just because there’s a high demand for them and people buy & sell them for real money at high volumes.
You got two options here, either you just buy the skin/key of your choice on, or you can place a buy order for that item, placing a buy order will get you a lot more money for your Steam funds but it will take much longer. To minimize the wait I would place buy orders on several items in the hopes that any of them would go through, also don’t be a cheap ass when placing your buy orders, if you place a way to low buy order you’ll never get any items.
If your in no hurry and want to maximize what you’ll get when converting your Steam wallet into cash you could wait for any of the big Steam sales (summer/winter sales). When the big sales comes around the corner a lot of people are in need of Steam funds and they sell their items on the community market so they can buy the games they want on the sale, this makes a lot of items on the market drop in price, making it a perfect time to spend your funds in your Steam wallet. Just make sure you wait to sell them for real cash until the prices have gone back up to normal, which could take anything from a few days to weeks after the sale has ended. This is your best option for maximum value but it will take a lot of time.
Another thing you should consider when buying items on the Steam community market is that after you bought a item there’s a 7 day wait period until you can trade that item, this is a feature that was implemented years ago to fight scammers, but for us regular users it can be quite frustrating.
What items should you buy when cashing out
Buying CSGO keys to use to cashout is always a safe bet, they have a good value when being sold for cash and they tend to sell really fast, the only downside is they can be quite expensive on the community market, a high demand means a high price for both buying and selling.
Your other option would be to invest in some CSGO skins, there’s a potential to get more for your Steam funds when buying skins, but there’s also a bigger risk considering skins are changing in value from time to time, and also the fact that all skins won’t sell that fast (if there isn’t a high demand for it). You would want a skin that’s high in demand so that it sells relatively fast, and at the same time you don’t want a item that have a to big of a demand, then you will have a hard time buying that skin for a decent price on the market and you’ll also be competing with a lot of other sellers.
How to find a good skin to buy
We want a skin that has a high demand so we can sell it fast and for a reasonable price, we can find skins like that by heading over to the Steam community market and more specificity the CSGO section of the market, here we can see a bunch of skins that are in high demand right with a list with all the most popular items. This is a great start for finding popular items, make a list of potential skins to buy or leave a tab open in your browser with the Community market.
In this guide we’ll be using Bitskins to sell and cashout our skins, and we’ll be comparing the skin prices over there with the Steam market prices. Now it’s time to start to comparing the prices on the Steam Community market and on Bitskins, try and find a item that has a good exchange rate and a low difference between buy price and sell price. Open up a tab in your browser for Bitskins and one for the Steam community market and start comparing prices, keep searching until you find something worth buying. Just keep in mind that you won’t be able to convert 100% of what you have in your Steam wallet into cash, expect to lose around 20-30% in value when cashing out.
Steam Paypal Issues
I would avoid Souvenir & StatTrack skins, just because they can be hard to sell.
Selling our items for cash
As mentioned above I suggest you use Bitskins for this part, it’s one of the most popular marketplace to buy and sell CSGO items for real money, which means you’ll get your items sold fast (if you set at a fair and decent price), they also have low fees for selling, they take a 5% sales fee on every sale, which is as low as it gets on these kinds of sites, less fees means more money for you when cashing out your Steam funds.
First things first, we need to check what other people are selling our item for on the site, do a quick price check. And then either put it up for sale below the lowest price if you want the item to be sold fast, or a bit higher if you have no problem waiting for the item to be sold. It’s also important that you picked a item that has a high demand, otherwise you’re looking at sitting on your item for a long time before it gets sold.
Alternative shops to cash out with
There’s plenty of other CSGO shops you can use to cashout your Steam wallet, and SkinBaron and Opskins are two other option. If you want even more alternatives to Bitskins you can check out this guide for other CSGO marketplaces.
Here’s a quick recap of all the steps.
- Pick your items/skins to resell
- Buy the skins/items/keys on the Steam community market, either with buy orders or from the cheapest seller.
- Wait 7 days to be able to trade your items
- Sell the items on Bitskins (or any other marketplace), do your research and see what others are selling the items for, and sell your item for a fair price.
- Cash out your money via Paypal, Bitcoins or the payment option of your choice.
What items are you using to cash out with? What skins or items works the best? Share your experience.