Steam Subscriber Agreement

MINOR

DATED 2026-09-10 · VERSION 20260910_rev01 · FIRST CAPTURED VERSION

What changed, in plain language

This update to Steam's Subscriber Agreement makes two changes: it deletes the section that explained which Valve entity processes your payment (Valve Corporation or its subsidiary Valve GmbH i.L., depending on your card's country), and it updates the agreement's effective date. No other substantive terms were changed.

Changes that may affect you

Less transparency about who processes your paymentMINOR

OTHER

Steam removed the part of the agreement that told you whether your payment is handled by Valve Corporation directly or by its subsidiary Valve GmbH i.L. (a German entity, whose 'i.L.' designation means it is in the process of being wound down/liquidated). This doesn't necessarily mean your data is now shared more broadly, but you can no longer tell from the agreement which corporate entity is handling your card and payment information.

“Payment processing related to Content and Services and/or Hardware purchased on Steam is performed by either Valve Corporation directly or by Valve's fully owned subsidiary Valve GmbH i.L. on behalf of Valve Corporation depending on the type of payment method used.”

Changelog

− REMOVEDPayment Processing disclosure section removed
The agreement no longer explains which company handles your payment - previously it said Valve Corporation processes purchases directly, or its subsidiary Valve GmbH i.L. processes payments for cards issued outside the US, and that Valve Corporation always handles delivery. This explanation has been deleted entirely.
Payment processing related to Content and Services and/or Hardware purchased on Steam is performed by either Valve Corporation directly or by Valve's fully owned subsidiary Valve GmbH i.L. on behalf of Valve Corporation depending on the type of payment method used.
± CHANGEDRevision date updated
The 'last updated' date on the agreement was changed to reflect this revision.
This Agreement was last updated on April 20, 2026
This Agreement was last updated on September 10, 2026

Full text changes

COLOUR MARKS THE SEVERITY OF A FLAGGED CLAUSE · + AND − MARK ADDED AND REMOVED

 In the case of Content and Services, we accept your offer, and conclude the agreement with you, by confirming the transaction and making the Content and Services available to you or, in the case of pre-orders, only by confirming the transaction to you and deducting the applicable price from your payment method.
 In the case of Hardware, we only accept your offer, and conclude the transaction for an item ordered by you, when we dispatch the Hardware to you and send e-mail confirming to you that we've dispatched the Hardware to you (the "Dispatch Confirmation"). If your order is dispatched in more than one package, you may receive a separate Dispatch Confirmation for each package, and each Dispatch Confirmation and corresponding dispatch will conclude a separate contract of sale between us for the Hardware specified in that Dispatch Confirmation. Any Hardware delivered to you remains property of Valve until payment has been fully made.
 You consent to receiving sales invoices electronically.
+E. Payment Processing
+Payment processing related to Content and Services and/or Hardware purchased on Steam is performed by either Valve Corporation directly or by Valve's fully owned subsidiary Valve GmbH i.L. on behalf of Valve Corporation depending on the type of payment method used. If your card was issued outside the United States, your payment may be processed via a European acquirer by Valve GmbH i.L. on behalf of Valve Corporation. For any other type of purchases, payment will be collected by Valve Corporation directly. In any case, delivery of Content and Services as well as Hardware is performed by Valve Corporation.
 \. LICENSES [⏶]()
 A. General Content and Services License
 Steam and your Subscription(s) require the download and installation of Content and Services onto your computer. Valve hereby grants, and you accept, a non-exclusive license and right, to use the Content and Services for your personal, non-commercial use (except where commercial use is expressly allowed herein or in the applicable Subscription Terms). This license ends upon termination of (a) this Agreement or (b) a Subscription that includes the license. The Content and Services are licensed, not sold. Your license confers no title or ownership in the Content and Services. To make use of the Content and Services, you must have a Steam Account and you may be required to be running the Steam client and maintaining a connection to the Internet.
 This Agreement, including any Subscription Terms, Rules of Use, the Valve Privacy Policy, and the Valve Hardware Limited Warranty Policy, constitutes and contains the entire agreement between the parties with respect to the subject matter hereof and supersedes any prior oral or written agreements. You agree that this Agreement is not intended to confer and does not confer any rights or remedies upon any person other than the parties to this Agreement.
 Valve's obligations are subject to existing laws and legal process and Valve may comply with law enforcement or regulatory requests or requirements notwithstanding any contrary term.
 You agree to comply with all applicable import/export laws and regulations. You agree not to export the Content and Services or Hardware or allow use of your Account by individuals of any terrorist supporting countries to which encryption exports are at the time of exportation restricted by the U.S. Bureau of Export Administration. You represent and warrant that you are not located in, under the control of, or a national or resident of any such prohibited country.
+This Agreement was last updated on April 20, 2026 ("Revision Date"). If you were a Subscriber before the Revision Date, it replaces and supersedes your existing agreement with Valve or Valve SARL on the day that it becomes effective according to Section 8 above.
+This Agreement was last updated on September 10, 2026 ("Revision Date"). If you were a Subscriber before the Revision Date, it replaces and supersedes your existing agreement with Valve or Valve SARL on the day that it becomes effective according to Section 8 above.