Valve can shut down your account for any reason it decides, and when it does, you lose access to all your games, in-game items, and any money sitting in your Steam Wallet. There is no guaranteed refund process for previously purchased content.
If Valve terminates your account — even for disputed or minor violations — you permanently lose access to all purchased games, downloadable content, in-game items, and any Steam Wallet balance, with no explicit refund obligation stated in the Agreement.
Cross-platform context
See how other platforms handle Account Termination and Content Revocation and similar clauses.
Compare across platforms →Account termination is effectively irreversible and results in total loss of all digital assets and stored wallet funds, creating significant financial risk for users with large Steam libraries.
REGULATORY FRAMEWORK: This provision engages FTC Act Section 5 (unfair practices where termination without proportionate process results in significant financial loss); GDPR Art. 17 (right to erasure vs. account termination distinction); EU Consumer Rights Directive 2011/83/EU (proportionality requirements for contract termination); Washington State Consumer Protection Act RCW 19.86; and potentially state money transmission laws regarding forfeiture of Steam Wallet balances. The FTC and state AGs are primary enforcement authorities for US users; EU DPAs and national consumer protection authorities for EU users.
Compliance intelligence locked
Regulatory citations, enforcement risk, and due diligence action items.
Watcher: regulatory citations. Professional: full compliance memo.