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“In early July 2025, PayPal notified Valve that their acquiring bank for payment transactions in certain currencies was immediately terminating the processing of any transactions related to Steam. This affects Steam purchases using PayPal in currencies other than EUR, CAD, GBP, JPY, AUD and USD.”


The whole situation is getting weird. I know of a streamer who got his account locked because someone with one of the "other" currencies sent him money as a tip. And of course PayPal is holding onto his money (including a bunch of other transactions) without saying when or if they'll ever give it to him.

It all just cements a decision I made almost two decades ago to refrain from ever using PayPal.


So, this means a bank that handles EUR, CAD, GBP, JPY, AUD and USD isn't afraid of Visa/MasterCard and is willing to process the transactions while the other currencies don't have a willing bank?


It means PayPal’s bank(s) don’t want to take foreign currency risks in non-major currencies.


That sounds actually scary. If they are taking actions on some short term future now... What do they see in immediate future?




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