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Every gamer across every platform buys in-game items. According to Statista, 26% of console gamers in America spent over $100 on microtransactions by March, 2024. While this behavior seems harmless, it can lead to financial strain, addiction and data security risks.
What are In-Game Purchases?
The first in-game purchase to hit the US came from Bethesda in 2006. It offered horse armor for $2.50 in the popular title Elder Scrolls IV: Oblivion. While gamers initially saw it as overpriced, it sparked the flame of a trend.
Microtransactions first became popular as loot boxes and downloadable content (DLC) like extra missions and storylines. Later on, they expanded to digital currency and cosmetic items like outfits, skins and weapons.
Today, microtransactions are available in almost every title, especially free-to-play games like Fortnite and Apex Legends. They’re predominantly cosmetic, offering players no advantage. However, some games use a pay-to-win model, where in-game purchases give gamers a significant boost.
The Importance of Data Privacy and Security
Protecting your personal information is vital when gaming online. There are risks from the developers, publishers and other gamers. So, before you make a microtransaction, you must review the privacy policies and ensure the company is securing your data. If they’re sharing it, find ways to remove your information from the internet to clear any sensitive information from exploitation.
Keeping your login details and sensitive data private is essential. Use a strong password and two-factor authentication. Be wary of any suspicious communications, such as game developers or other gamers asking for personal information.
Why Should You Set a Budget and Track Spending?
Data security isn’t the only risk involved in microtransactions. It’s easy to overspend if you don’t have a reasonable budget. Developing one and strictly following it can help prevent financial strain.
You also need to consider who else has access to your games and accounts. If you have children, teach them the value of money, explain the difference between wants and needs and implement parental controls.
You can also set up a spending allowance for any games they play or simply disable in-app/in-game purchases.
Game Responsibly
Many game developers use operant conditioning to elicit habits in gamers. These behaviors either encourage gameplay or spending. Certain in-game items, like loot boxes, reward players using an unpredictable schedule, which can lead to excessive and impulsive purchases.
Gamers need to be aware of their spending and gaming habits. Limiting game time and access to devices is an excellent start to prevent gaming burnout and addiction. Staying active and exercising also helps improve mental health.
If you feel you’re becoming dependent on gaming, call a helpline or seek professional guidance. Cognitive behavioral therapy (CBT) is a method that can help you replace thoughts about gaming to change your behavior.
Consider Parental Controls
When your children are playing online, you may need to implement parental controls. Use communication and online restrictions, time limits and content filters to protect your children.
Educate your kids on how to safely navigate the online environment. Discuss the risks of messages that seem too good to be true or links that could hold viruses. Teach them how to avoid and report any toxic or predatory people they encounter.
