Real money comes to Xbox Live

Latest update converts Microsoft Points to local currency; system had been in place since inception of Xbox Live.

A new Xbox Live update launched today converts Microsoft Points to real-world currency determined by a user's geographic location.

The next time users initiate a purchase or redeem a Microsoft Points card or code on their console, Microsoft will add to their account an amount of local currency equal or greater than the value of their Microsoft Points.

The currency added to accounts at the time of this transition will expire on June 1, 2015, Microsoft said. Currency purchased and added to an account after the transition will not expire. More information about the change is available through an official FAQ.

The transition was announced during Microsoft's Electronic Entertainment Expo briefing in June. Earlier this month, Microsoft explained the reasoning behind the update.

"This change was a direct result of customer feedback," chief product officer Marc Whitten said at the time. "You told us you want to be able to buy things using money instead of points, and we listened."

Microsoft points had been in place since the inception of Xbox Live and have not been without criticism. Rather than using real-world currency, Microsoft adopted its own system, where 400 Microsoft points is equivalent to $5. Further, Microsoft sold point packs only in multiples of 400, often leaving gamers with excess points after purchasing content they want.

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Discussion

301 comments
SeannTHEsheep
SeannTHEsheep

some shops failed to read the memo and are selling microsoft points for more than the activated amount.  i recently bought 2100 for £19.99 and when redeemed i only got £16.40p

X-RS
X-RS

"...we just milked it ;)"

twztid13
twztid13

So, now I get charged tax, and can't get cheap deals. Thanks to the people that complained for 10 years!

Fandango_Letho
Fandango_Letho

"You told us you want to be able to buy things using money instead of points, and we listened."


We told you that seven years ago, fucking monkey.

deathwatch28
deathwatch28

I've never had a problem with MS pennies. Some left over, Damn i'll use em next time.

erwingameon
erwingameon

This change doesn't really matter that much. Point or money are basicly the same.

And what we had with leftover point we will now have with leftover money.

pakhair
pakhair

I just wish we are not stuck on 5,10,15,20$ gift cards. We should be able to make gift cards the amount we want like amazon with the minimum increment of 1$. That's what I would like but my gut says it's too much to expect from MS

corteztheg
corteztheg

is anybody able to purchase anything online via the xbox marketplace on their computers because i can't they are no microsoft points payment options showing showing and it did not convert my points to credits yet

Thanatos2k
Thanatos2k

Microsoft copies Sony again.....lol

Thanatos2k
Thanatos2k

So they admitted it takes them seven or eight years to respond to customer complaints?

Yes, smooth move there, morons.

VELZER
VELZER

I don´t own an xbox 360, so i can´t see the update changes day by day, but i have a doubt with this update, how will affect the games "purchase menu", for example if i´m playing GoW 3 and go to the menu to purshase the season pass that it cost, i don´t know is just an example, 3000 MP now they will show me this "price" or it will show me his equivalent in "real money"??, i mean this menus will be update it too putting the old prices with the new money scheme or not?? 

FULGOREY2K
FULGOREY2K

Isn't that the way it always been? (point cards did cost money after all) 

TimboII
TimboII

Since the inception of Xbox live? Correction: since the launch of Xbox 360. Original Xbox used real world currency for what limited dlc it had.

McSkombi
McSkombi

Welcome to PSN standards

JamesKelly09
JamesKelly09

I just want everyone to know . . . Microsoft has screwed us again and here's how. Let's say a game cost 400 Microsoft points or $5... well that would have cost you only $5. Now that they've updated everything to cash... it's now more expensive. So let's say that same $5 ($4.99) game is now actually $5.49 because tax is included now to where it wasn't before. It sucks.

Here's issue #2: You can't do split payments. That's where if you have $2 in your Microsoft account and the game is $5, you can't pay the $2 from you account and the rest from a credit card. It has to be fully paid either by your account or fully paid by your credit card. That creates an issue as well just like when you had Microsoft points. There will be money in there that you can't use unless you put more money in. It sucks as well.

Here's the last issue: YOUR MONEY EXPIRES!!! So honestly, Don't buy Microsoft points(money) anymore. It's so stupid. Just use the credit card instead

Tatts
Tatts

"This change was a direct result of customer feedback," chief product officer Marc Whitten said at the time. "You told us you want to be able to buy things using money instead of points, and we listened."  THIS IS THE BIGGEST LINE OF CRAP EVER!!!  We have been complaining about this stupid currency system for years!!!!!!!!!!!!!!!! Took you what eight years to finally listen to consumer feedback!! God Microsoft is horrible.

PupilsDilated
PupilsDilated

Great, now I can see my bank account empty in "real" time.

VenkmanPHD
VenkmanPHD

Only took a generation and a half...

wEEman33_IV
wEEman33_IV

In the Ferrari or Jaguar switching four lanes
With the top down screamin out
Money ain't a thang

Rayzakk
Rayzakk

Great now maybe I'll turn my 360 on again some day. 

ndmq
ndmq

F Xbox and their monthly fee, PC and PS all the way....

TheGrumold
TheGrumold

@twztid13 weren't you charged taxes when you bought the points, to begin with?

y3ivan
y3ivan

@erwingameon I fear it may be even worst. The system may not even allow foreign prepaid codes to work, which may severely affect EU and ASIA which previously codes are based on region, and are not localized. On top of the different pricing for each marketplace region.


It just easier just to stick to ONE (1) currency, either USD or MSP.

Dav_id83
Dav_id83

@pakhair I agree in the Uk that would be great to buy a game or add on for £3.99 and actually take out of my account or be able to add with my debit card that amount for it. Sony on PS3 used to do it but now it's £5 min only

pakhair
pakhair

@corteztheg Try to initiate a purchase on X360 and it will convert your msp to local currency and after that you can use it anywhere even on Windows and Windows Phone from now on, which is a relief

erwingameon
erwingameon

@Thanatos2k 

Like Sony doesn't copy anything. Sony hasn't come up with anything new themself in the last decade. 

smurfa1
smurfa1

@Thanatos2k Because it is really unique to use real money right. With your logic, Sony did nothing more than copy Steam.

smurfa1
smurfa1

@Thanatos2k And when they change to what people wants then we have retards like you who still continue to complain, pathetic.

ScouseMelon
ScouseMelon

@VELZER MS Points have been totally fazed out. You'll only see what it costs now in real money. So what used to cost 800 points is now £6.99 for me. Pretty much how PSN works with real money is what you now get on XBL.

ElusiveOne
ElusiveOne

@FollowY0urBliss If you bothered to pay any kind of attention you would have noticed it says the update just went live today.  That's not a month ago.  Only yesterday MS points were still in use.

DeeMoney19
DeeMoney19

@JamesKelly09 If you read the story it says that currency added after they change the points to currency will not expire. Pays to have a read before making a comment.

THizzle7XU
THizzle7XU

@JamesKelly09 You would have paid the tax on the points card or buying the points. And if you bought them from an online store, technically you are supposed to report the tax at the end of the year.

OurSin-360
OurSin-360

@JamesKelly09 you always paid tax on MS points, they may raise the price but the tax will always be the same. 

DeViLzzz
DeViLzzz

@VenkmanPHD ... and surprising considering it will likely end up being bad for the consumer and good for lining MS's pockets

danganronpas
danganronpas

@ndmq ...You DO realize that PS4 requires PS Plus to play online, right?

desertninja420
desertninja420

@ndmq dosent PS already have a monthly fee for PS+ users? Your argument is invalid

daemonproject
daemonproject

@ndmq PS4 will have a monthly fee and any microtransaction game devs put into their games so shut up!

VELZER
VELZER

@ScouseMelon @VELZER Thanks for solving my doubt man

X-RS
X-RS

@danganronpas @ndmq

I can hear their cries at launch and shift to xbone180 when they see the two side by side.

erwingameon
erwingameon

@DeViLzzz

The point is that it's always the Sony fanboys who come up with these invalid argument just so they can complain about Microsoft.

2nd: PS4 this generation of console gaming. You actually got that part right since the PS4 is basicly the same as the PS3 and can therefore still be considered part of this generation. Whereas Xbox One is the next generation of console gaming.