Microsoft Points will convert to local currency at 'equal or greater'

4.5
The Xbox ecosystem's conversion to local currency will be "equal or greater" than the existing Microsoft Point value currently banked on accounts.

"When the transition takes place, the balance of Microsoft Points in an account will be retired and the customer will be given an amount in local currency that is equal or greater in Marketplace value," a Microsoft spokesperson informed Joystiq. "That value will be stored in your account and can be used similar to Microsoft Points to make purchases in the Xbox Live Marketplace."

What that means in North America is that it will be 80 points (or less) to the dollar when the point exchange occurs. There is currently no official date for the conversion.

Posted:
Related Forum: Xbox Forum

Source: http://www.joystiq.com/2013/06/12/banked-microsoft-points-on-xbox-one-conversion/

Related Articles

Comments

"Microsoft Points will convert to local currency at 'equal or greater'" :: Login/Create an Account :: 51 comments

If you would like to post a comment please signin to your account or register for an account.

LosT_CrayonZPosted:

good

WokzePosted:

oHES I think its better to use money then msp, but the people that dont have bank details on xbox, might find it hard to purchase DLC?


they will most likely have a different option for adding money, eg cards in shops.

WokzePosted:

xSTaTiCBLuEx Do the points have to be on your account? Or after they have done the conversion can we redeem codes and get the moneys worth?


i think they will be account bound, not sure though.

WokzePosted:

thats kind good i guess, better than microsoft points anyways.

BoylerBehPosted:

oHES I think its better to use money then msp, but the people that dont have bank details on xbox, might find it hard to purchase DLC?


It would be like PS3 where you can buy money cards in your local GameStopand you could add the code like M$ points just in money from!

WageringPosted:

Well that's good to hear, but it was also expected.

ESVPosted:

I think its better to use money then msp, but the people that dont have bank details on xbox, might find it hard to purchase DLC?

SynybunPosted:

I wondered what was going to happen to your msp when they converted.

Ted-Posted:

Looks like I might have to buy a couple of thousand MSP before release to see if I'm a lucky one to get more value for them than what I bought them at

HowsbrunoPosted:

So is this switching on the 360 as well? Answer with PM

Thanks!


Latest Downloads

Latest Tutorials