Valve confirms PayPal checkout limited to six currencies on Steam

Valve has confirmed that one of PayPal’s acquiring banks has stopped processing Steam transactions in certain currencies, effectively removing PayPal as a payment option for users outside a tight set of core currencies. The disruption, which began impacting checkout in early July, affects purchases made with PayPal in currencies other than the Euro, British pound, Japanese yen, Australian dollar, Canadian dollar, and U.S. dollar. Valve indicated that it will continue to support PayPal in the six currencies listed and is evaluating additional payment methods for those affected, while urging customers to use alternative options or load funds with Steam Wallet codes until a broader solution is found. The timeline for restoring PayPal in non-supported currencies remains uncertain.

Valve described the cause as a banking decision, separate from Valve’s own systems or policies. The company said that one PayPal acquiring bank decided to terminate processing for Steam transactions in the currencies not on the supported list, triggering a platform-wide change in how PayPal can be used at checkout. In outlining the situation, Valve reiterated its long-standing policy that it aims to...