Steam has a large collection of games and an amazing community of gamers which is why it is the go-to source of games for millions of people.
However, at some point, while using Steam, you may find you have some funds you’d like to transfer. So how can you do that? Check out the best streaming sticks on Amazon that won’t let you down!
Can You Transfer Steam Funds?
Well, Steam doesn’t let you do transfer Steam Funds easily.
However, there are workarounds to get the job done, and we’ll be walking you through you can do it.
How to Transfer Steam Wallet Funds to Paypal?
The quickest way to transfer Steam funds to your PayPal is to purchase game skins from the Steam Community market, sell the purchased skins on a third-party site, and then withdraw your payment to PayPal.
Step 1: Purchase Skins of Games that are easy to sell
Go to the Steam Community Market and purchase skins. However, you do need to ensure the skins you buy are in high demand so that you can sell them quickly.
CSGO skins are what we recommend when trying to convert your Steam wallet funds to cash as it is very easy to sell. Skins like DOTA 2, PAYDAY 2, H1Z1, and Team Fortress 2 are some more examples of games whose skins you can use.
It is important you keep in mind there is a 7-day waiting period after purchasing an item during which you cannot trade skins. Steam’s reasoning behind this is to ensure the safety of the users and prevent scams. And although it may seem frustrating, this step is quite logical.
Step 2: Sell the skins on a third-party website
Once you have bought the skins, the next step is to sell them. There are many third-party websites available, with the following being the most popular:
Skins.cash: Gives gamers a global market for instant game skins sales while also providing quick and secure payments to users worldwide. You can rest assured that trading on this platform is completely safe, and you’ll get your cash quickly.
Market: Allows users to trade CSGO skins and get paid almost instantaneously.
bitskins: What makes bitskins special is that you can spend significant amounts of CSGO skins here in a matter of minutes.
There are many more third-party sites (like skinport, skinbay.com, and cs.deals) that can be used as alternatives. However, we’d personally recommend either bitskins/skins.cash as they are both popular and, more importantly, genuine.
We must mention that Bitskins has a transaction charge of 10, so they get $10 for every $100 worth of skins you manage to sell on their platform. If you think the 10% is too much, you can go to Dmarket that charges 5% of all sales.
Step 3: Withdraw your funds to PayPal
The website you used to sell your skins will give you a number of withdrawal options. Paypal is almost always an option. So select it as your withdrawal option of choice to transfer your money to PayPal.
How to Transfer Steam Wallet Funds to a Bank?
While withdrawing money from the third-part site you used to sell your skin, you’ll be given several withdrawal methods to choose from.
Bank wire, debit/credit cards, Payoneer, and Bitcoin, are options available at these websites.
Before selling your skins, check whether the website you’re using supports your preferred payment method.
How to Transfer Money from One Steam Wallet to Another?
Steam wallet funds cannot be moved or withdrawn to another wallet. However, you can purchase games as gifts for another account.
This way, your other account can get the game you want it to have access to.
Alternatively, you can purchase other items and gift them to the account as well.
How to Send Steam Wallet Money to a Friend?
Since you can’t transfer funds from your account to a friend’s, the best to send Steam wallet money to your friends is to purchase a Steam Gift Card or Wallet Code.
You can purchase a Gift Card from many retailers worldwide, a list of which can be found at https://help.steampowered.com/en/faqs/view/5BB2-E986-A733-CF0E.
On the other hand, a digital gift card can be gifted almost instantaneously online. However, for this, you will need your friend’s Steam username, and they should be friends with you on Steam.
- Simply visit https://store.steampowered.com/digitalgiftcards/selectgiftcard and select the amount that you’d like to gift.
- Select your friend’s account and complete the payment to send the gift card.
Your friends will need to accept the gift card when they log in to their account. If they decline it, the amount will be refunded to your payment method. If that’s not possible, it will be refunded to your Steam wallet.
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Hopefully, the methods discussed should help you withdraw your Steam funds to your Paypal or bank account. Additionally, you should now also be able to gift your friends Steam balance if you want to.
Hi there, technology lovers! My name is James, I am an admin and a frequent writer for this blog. I am a techno-geek, so this blog is the place where I want to share all my knowledge with you to make your life a little bit easier in terms of dealing with technology.