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Counter-Strike: Global Offensive

Microtransactions in Counter-Strike: Global Offensive are summarized as...

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Contains cosmetics for extraordinarily high prices, sometimes costing more than full priced games.
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Contains lootboxes that can be bought with real money.
Features a marketplace with community set pricing. You can buy/sell in-game items from other players using real life money.
Free to play. Requires no up front payment.
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Extensive official mod support.