Counter-Strike: Global Offensive container keys can no longer be traded or sold on the Steam Marketplace, due to extensive use for money laundering and fraud
Ah, thanks for the explanation. Why would people be willing to utilize an outside payment method like that? (Not the scammers, I mean people legitimately buying keys). That would raise serious...
Ah, thanks for the explanation. Why would people be willing to utilize an outside payment method like that? (Not the scammers, I mean people legitimately buying keys). That would raise serious "scam" red flags for me.
Because Steam doesn't have a way to "cash out" Steam Wallet currency, and keys were a good, stably-priced item to use. And yes, scams were/are very, very common with this method, as there is no...
Because Steam doesn't have a way to "cash out" Steam Wallet currency, and keys were a good, stably-priced item to use.
And yes, scams were/are very, very common with this method, as there is no way to perform the key trade + PayPal transaction atomically.
Take dirty money, buy steam gift cards, get steam dollars in account, buy keys, sell keys to people. Now you have dollars in your bank account as a key trader.
Take dirty money, buy steam gift cards, get steam dollars in account, buy keys, sell keys to people.
Now you have dollars in your bank account as a key trader.
Can anyone explain how and why these are used for money laundering/fraud?
Keys were used as the de facto way of converting Steam Wallet currency back into USD: "I'll give you a key, and you PayPal me $2.00."
Ah, thanks for the explanation. Why would people be willing to utilize an outside payment method like that? (Not the scammers, I mean people legitimately buying keys). That would raise serious "scam" red flags for me.
Because Steam doesn't have a way to "cash out" Steam Wallet currency, and keys were a good, stably-priced item to use.
And yes, scams were/are very, very common with this method, as there is no way to perform the key trade + PayPal transaction atomically.
Take dirty money, buy steam gift cards, get steam dollars in account, buy keys, sell keys to people.
Now you have dollars in your bank account as a key trader.