When you purchase a "game" on Steam, you're not sold an actual product, you get a license to use their games. Because of this, if you're ever banned from Steam or Steam shuts down for whatever reason you'd lose all of your games with 0 refund.
Steam and your Subscription(s) require the automatic download and installation of Software onto your computer. Valve hereby grants, and you accept, a limited, terminable, non-exclusive license and right to use the Software for your personal use in accordance with this Agreement, including the Subscription Terms. The Software is licensed, not sold. Your license confers no title or ownership in the Software. To make use of the Software, you must have a Steam Account and you may be required to be running the Steam client and maintaining a connection to the Internet.
-Steam Terms of Service
Does anyone know *why* they do this? I don't see any advantage of selling a licence as opposed to a product, except maybe removing the ability to resell.
Steam and your Subscription(s) require the automatic download and installation of Software onto your computer. Valve hereby grants, and you accept, a limited, terminable, non-exclusive license and right to use the Software for your personal use in accordance with this Agreement, including the Subscription Terms. The Software is licensed, not sold. Your license confers no title or ownership in the Software. To make use of the Software, you must have a Steam Account and you may be required to be running the Steam client and maintaining a connection to the Internet.
-Steam Terms of Service
Does anyone know *why* they do this? I don't see any advantage of selling a licence as opposed to a product, except maybe removing the ability to resell.