In a move that I think we were talking about 1-2 months ago, Steam has revised their refund policy to be much better than it was:
This is a good move. I'm glad to see Steam tackle what was probably their biggest flaw next to their reputation for still providing fairly shit support, but I imagine that when people were trash talking their support it was mostly in reference to them wanting refunds that were previously against their refund policy.You can request a refund for nearly any purchase on Steam—for any reason. Maybe your PC doesn't meet the hardware requirements; maybe you bought a game by mistake; maybe you played the title for an hour and just didn't like it.
It doesn't matter. Valve will, upon request via help.steampowered.com, issue a refund for any reason, if the request is made within fourteen days of purchase, and the title has been played for less than two hours. There are more details below, but even if you fall outside of the refund rules we’ve described, you can ask for a refund anyway and we’ll take a look.
You will be issued a full refund of your purchase within a week of approval. You will receive the refund in Steam Wallet funds or through the same payment method you used to make the purchase. If, for any reason, Steam is unable to issue a refund via your initial payment method, your Steam Wallet will be credited the full amount.