Microsoft Points Transitioning to Real-World Currency
The most recent update from Xbox Live has resulted in the conversion process of Microsoft Points into real-world money, beginning the first phase of Microsoft’s plans to retire MS Points. If you log onto XBLA through your Xbox console and either redeem an MS Points card, or begin a purchase with points you already have, the conversion process will be successfully completed for you (Microsoft has stated that they are also working on a way to instigate the process without having to log onto your console.) The Points are transitioned in real-world currency of your region. In the US, it appears to be conforming to the already established standard of $1=80 Points. It also appears to round up to the nearest quarter dollar, likely to help somewhat make the process smoother.
This transition was originally announced back at E3, and is so far proving in-line with their original stated goal of giving “equal or greater” amount of cash than the MS Point value. As is explained in their FAQ, this transition – and the retiring of MS Points entirely – is being done to allow for the easy purchase of content on multiple platforms from one account; meaning that a user will be able to use the same login to purchase apps from their Windows Phone as they will their Xbox. It will also likely prove pivotal with the function of XBLA in the upcoming Xbox One.
Other important information that Microsoft has released includes the fact that currency at the time of transition will expire of June 1, 2015. Currency purchased after the transition, however, will not expire. Users will be able to use credit cards, as well as Microsoft Point cards, which will remain redeemable with no indicated plans to retire their usage. In addition, Xbox Gift Cards will be made available for purchase sometime later this year.