Buy low, sell high constantly on Steam Market can get me banned? Like buying 100 keys and selling that amount per day can get you a ban?

Edit: I don't use bots, keys are cheaper in the store than the market where I live.

11 years ago*

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Not unless it is a bot doing it.

11 years ago
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They could be upset due to "market manipulation", but I personally haven't heard of anyone getting banned for it yet.

11 years ago
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I heard of someone being banned for having a bot doing this, but Peroxide is right - I've never heard of anyone being banned for it manually.

11 years ago
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A guy did an AMA on Reddit, but he was using a server farm and bots to constantly check, swipe low priced items and automatically relist them. Made like $10k, they took it all away.

11 years ago
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Yeah, that's what I was talking about above.

11 years ago
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they got 10k i wish they would give it to me :P

11 years ago
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10k's worth of cosmetic items and keys, valve banned the accounts.

11 years ago
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"Steam support has deleted all my TF2 items, worth aproximately $10,000, including: 2261 TF2 keys, 52 salvaged crates, 3 craft #1's, 3 earbuds, a Max head and an Unusual (worth ~3 buds), and a couple of vintage timebreakers and a Dragonclaw hook (Dota 2 items), as well as adding a 52 week community and trade ban on those accounts. However, I am allowed to buy and gift games from the steam store on those accounts, as well as activate cd keys, so its not a full account lock."

11 years ago
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Thanks for the correction

11 years ago
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11 years ago
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Funny story. People do that with the stock market all of the time and they have nothing happen to them.

11 years ago
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There's no reason to do anything about it either, it steers towards a higher, more stable price, which means that both Steam and Games developer gets more money per item sold.

11 years ago
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you just can sell 200 items without completim some tax form or something... aslo yeah, kill your sefl if you are planning to use bots.

11 years ago
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Whatever did his sefl do to deserve that kind of hate? :V

11 years ago
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What keys are you going to buy that are low, though? I checked yesterday, and the lowest I saw was about 1.20-1.30

11 years ago
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I assume he means buying price error keys

11 years ago
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I honestly don't know what that is, but I assume they are keys with a low-price due to an error.

11 years ago
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Someone accidentally lists a key for 20 cents instead of $2, for instance.

11 years ago
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Wish I could get some of that.

11 years ago
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No, normal price keys make me profit 5 cents, doing this over and over again can get me some profit.

11 years ago
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200 limit per year * 5 cents = $10. Is that really worth it? o.o

11 years ago
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200 limit in USA, outside it's ∞

11 years ago
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200 limit then you enter your information and you're fine up to $20,000 in sales before they report it and you have to pay taxes on it.

11 years ago
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The United States Internal Revenue Service requires us to report gross sales for, and provide IRS Form 1099’s to, only those subscribers who are U.S. citizens or residents and who exceed 200 sales transactions in a calendar year and also exceed $20,000 in gross sales proceeds from those sales transactions in that same calendar year, from all of that subscriber's accounts. If you are a U.S. citizen or resident and exceed both of these thresholds, we will report the amount of gross sales to the IRS and provide you with Form 1099.

11 years ago
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The reply was to jatan11t.

I am well aware of what it states as I am also not in the USA. Although if you want to be specific, you are incorrect that it only applies to those in the USA as they requested my information once I reached 200 sales.

11 years ago
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What hes trying to show is that the taxes only apply to US citizens, they ask for your info to determine if that applies to you. If you were American after 20k taxes would kick in, since you're not and you have shown them proof that you aren't, you are exempt.

11 years ago
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Where do you think I received the information from of 200 sales and $20,000 from? I was well aware of what he posted, in fact, I thought it was only $10,000 until I had checked that exact paragraph before posting!

As I've already said once, I wasn't replying to ArtyX7 initially, I was informing jatan11t that 200 was not the limit. I can only assume ArtyX7 is a bit unsure of how the replying works and assumed since I was underneath him, I was replying to him which is not the case. (Perhaps that's why you're trying to defend him now too? lol)

11 years ago
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I'm not defending anyone. His post was replying to you saying they would report it to the IRS, when he already said he is not a citizen. It says nothing about the 200 limit not applying, as you seem to have interpreted him.

After the 200 limit, as you are not a US citizen they won't report your taxes to to the IRS ever, the 20k threshold does not even apply. If your country taxes digital purchases you are of course free to file that at your discretion but Valve will never 'tattle' on you.

I do know how the forum works, thank you. I'm sorry if you thought you were having a private conversation.

11 years ago
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I feel like your time HAS to be worth more than $0.05 per ... what does it take, like 2 minutes maybe to buy and relist a key? so, x30 = $1.50 per hour. Is it really worth it to be making $1.50 per hour? Go mow some lawns or something.

edit
On second thought, 2 minutes may be high. Let's say 1 minute. But that's still only $3 per hour. Which still doesn't really seem worth it.

11 years ago
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I work 8 hours/day for $3 / hour :(

11 years ago
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Remember the 15% fee. Buying $2.00 keys, you'll only make profit selling them for greater than ~$2.30. If anything, you will make pennies. Good Luck...

11 years ago
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I think he meant buying from the tf2 in game store and selling it in the market, in that case, im pretty sure u won't get banned, but they may turn to increasing the prices of keys in the tf2 store in your region

11 years ago
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I hope not, because i did this in the early days of the Market with TF2 strange parts. I'd make, 10-15c cent profits. So i was basically getting a ton of parts for free. lol

11 years ago
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Isn't that the whole purpose of a market?

11 years ago
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(read with soviet accent) NIKO! COUSIN! WELCOME TO CAPITALIST AMERICA! letgo bowling

11 years ago
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haha funny, pretty sums up GTA IV for me

11 years ago
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Now you made me play GTA IV again...:P

11 years ago
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Doubt you will get alot of profit unless you buy stuff that cost alot per item and are in short supply. But yeah.. its a market.. thats the idea behind it :P

11 years ago
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No, but it may not be worth the few cents you'll make.

11 years ago
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Yes you will be banned after a certain amount. The market will advise you when he asks for your address and country after 300 ~500 sold itens.

11 years ago
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Thats after 200 items as has already been stated and doesn't stop further trading at all.

11 years ago
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you can definitely keep buying and selling way after then, it's just for US tax reasons that you're personal details are requested even if you don't live in the US (just cause that's where steam is based).

11 years ago
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false

11 years ago
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Not false at all. Try replying to the right post next time.

11 years ago
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I did reply to the right post numbnuts.

11 years ago
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I have over a thousand transaction from doing this and have made over $100, no ban or warning or anything else from doing that.

Logic says there is no reason to mind in the least. They make anywhere from 2 cents upwards per transaction, so if you buy at cheap prices and sell for more, they are making at least double the amount they would make from someone who just buys for the sake of crafting badges.

11 years ago
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It's just pure capitalism. Why would you get banned for that ?

11 years ago
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Closed 11 years ago by ArtyX7.