Oh dear I missed all the activity in this thread.
Yes I am going through with the loan and mlawerence (as elbashadodo tells me) has agreed to be a middleman to transfer the funds but I am holding the steam account. As soon as I confirm this with mlawerence the funds/account will be transferred.
Be careful - snowcrashed is a newbie himself with barely 100 posts. He could easily take your steam account and run for the $60.
I am relatively new to the forum but I have a few people as references in which I've done trades. And post counts aren't a great indicator of trustworthiness.
Steam accounts don't work as collateral. I believe it was PatrickHarnett who first got scammed when lending with a Steam account as collateral.
The actual thread is wayy back in history, but I did find this:
In one thread a steam account was used as collateral. Yours is probably worth more than $63.
The last one I remember that happening the lender got burned on the loan, so...
Well then the lender got a lot of cheap steam games. Life is tough, but I bet the lender managed to sell off the account for nearly the cost of the loan (if not, then the lender made a poor decision in the first place)
No, Steam gives users several ways to recover accounts, it is not safe to use them as collateral, or to buy them.
Steam accounts can be recovered if the lender does not secure/validate enough of the information. But there are ways to permanently transfer ownership of the account, in fact several websites have made lucrative businesses by acting as middlemen for the sale of steam accounts and other games.
