Steam users across the globe have been hit with a surprise as Valve, the company behind the popular online gaming platform, announces new changes to its pricing policy. These changes could potentially increase prices or even remove games from the market, leaving users out of pocket.
Changes that Apply to Bargain Hunters
The price changes will specifically impact all games that are priced at $5 (£4) or less, which could result in fewer bargains being available on the storefront. This news comes as a shock to many avid gamers who rely on Steam's discounted prices for their gaming purchases.
Understanding Steam's Pricing System
Steam adjusts its prices based on the economy of the country where the games are being sold. In simple terms, games are cheaper in countries with a lower cost of living. This system has worked well in the past, but the recent global economic crisis and fluctuations in currency values have prompted Valve to take action.
October 2021: The First Round of Changes
Last October, Valve made adjustments to the pricing of games in different regions in an attempt to balance the impact of the global economic crisis. These changes aimed to keep gaming affordable for users around the world.
The Latest Change: Game Prices and Minimum Thresholds
Unfortunately, Valve has had to make another change to their pricing strategy. Starting now, games and expansions on Steam will have a minimum price equivalent to 99c (80p), while discounted games and downloadable content (DLC) must cost at least 49c (40p).
Impact on Discounts and Gaming Purchases
Steam is renowned for offering massive discounts on popular games, with many titles available for less than $1. However, the latest changes to the pricing system mean that these discounts may not be as deep in the future. The aim is to ensure that games are available in all regions, but it comes at a cost to gamers who have been accustomed to snagging incredible deals.
Prepare for Potential Price Increases
With these new adjustments, countries with stronger currencies may see the minimum threshold for games rise. While there won't be any visible differences on the game store pages and you'll still find discounts on popular games, don't be surprised if you find yourself spending more on your gaming purchases overall.
So, next time you're browsing the Steam store for that next great gaming adventure, make sure to keep these price changes in mind and adjust your budget accordingly.
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