Microsoft Points are gone – Xbox Live now deals in real currency only

4.6
Latest Xbox 360 system update replaces your Microsoft Points with cash equivalent

The planned retirement of Microsoft Points has been rolled out with the latest Xbox 360 system update, which is ready to be applied the next time you take your console online. Once the update has been installed, the ability to use Microsoft Points as a payment method are removed from Xbox Live and replaced with local currency prices on all digital purchases. Finally, any Microsoft Points you have are magically transformed into real money denominations.

The following message is displayed the next time you choose to buy something from Xbox Live:

The Xbox stores are now priced in your local currency instead of Microsoft Points.

Your account and everything sold in the Xbox stores will now use your local currency. We’re putting [local currency cash equivalent] in your Microsoft account.

Posted:
Related Forum: Xbox Forum

Source: http://www.n3rdabl3.co.uk/wp-content/uploads/2013/08/IMG_20130810_115022.jpg

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"Microsoft Points are gone – Xbox Live now deals in real currency only" :: Login/Create an Account :: 110 comments

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LichPosted:

Why would they do this, I liked the msp.

DavidDo0MPosted:

Establish
DavidDo0M
Visual-Studio
_Bale Microsoft points were fine as they was, it didn't need changing


um yes it did, and since its local currency now people will know how much money they are spending on **** crap


If you can't calculate the monetary cost of something on the marketplace, you must suffer from severe mental retardation. 80msp = $1, 400msp = $5, 800msp = $10, 1600msp = $20, 4000msp = $50, so on and so forth. Very simple system. I also prefer Microsoft Points for two reasons. One, as stated in other comments, is the fact that you can find deals on MSP cards. I used to pay as little as half price for MSP cards on ebay. My second reason is that we didn't have to pay tax on a MSP card. However, over the duration of the dashboard beta, I noticed that making purchases in local currency means paying tax on every purchase.


That was the US conversion. Not everybody lives in the US. Canadians had a much worse conversion (1400msp for 20), with most games being 1600msp or 800msp. This conversion matches the Canadian price for MSP with the US price, I still don't have to pay tax on purchases with MSP converted to dollars, and overall, I save money.


No, not everyone lives in the U.S. However, Microsoft is an American company. So, obviously, the conversion rate is going to be based on the American dollar. It is still simple to calculate and convert into any currency. Congratulations on not paying tax on converted points. However, the remainder of MSP cards will dry up soon, considering that they are no longer in production. The new cards, being a monetary denomination, WILL incur taxes. As does any purchase made directly through the marketplace, paying via credit, debit or paypal. You will no longer have the option to purchase a specific amount via your console and spend them tax-free. You will simply make a direct purchase of digital content, which will be taxed accordingly.

BoarPosted:

Heh
Treyarched
_Bale Microsoft points were fine as they was, it didn't need changing


No they sucked, Always had to spend more money than I needed to on MSP to download something and then having some left over and nothing to spend them on. They should have never used them in the first place.


Yeah, i always had about 60 or so microsoft points to spend, even though you cant spend 60 msp, its annoying.


Well its going to be the same now though, what if you have the equivalent of 60 MSP in money, around $.80c, what can you buy with that, you will still have it left in your account. That side will never be gone, same with real money where you always have loose change.

BoarPosted:

Establish
DavidDo0M
Visual-Studio
_Bale Microsoft points were fine as they was, it didn't need changing


um yes it did, and since its local currency now people will know how much money they are spending on **** crap


If you can't calculate the monetary cost of something on the marketplace, you must suffer from severe mental retardation. 80msp = $1, 400msp = $5, 800msp = $10, 1600msp = $20, 4000msp = $50, so on and so forth. Very simple system. I also prefer Microsoft Points for two reasons. One, as stated in other comments, is the fact that you can find deals on MSP cards. I used to pay as little as half price for MSP cards on ebay. My second reason is that we didn't have to pay tax on a MSP card. However, over the duration of the dashboard beta, I noticed that making purchases in local currency means paying tax on every purchase.


That was the US conversion. Not everybody lives in the US. Canadians had a much worse conversion (1400msp for 20), with most games being 1600msp or 800msp. This conversion matches the Canadian price for MSP with the US price, I still don't have to pay tax on purchases with MSP converted to dollars, and overall, I save money.


Different prices give others bargains, but now they're gone. I bet this is just a way of stopping these bargains with pure conversion instead of rates.

BoarPosted:

I liked Microsoft points, don't see why they got rid of them.
Probably because of the Scotiabank thing where people would get tons of free MSP.

EstablishPosted:

DavidDo0M
Visual-Studio
_Bale Microsoft points were fine as they was, it didn't need changing


um yes it did, and since its local currency now people will know how much money they are spending on **** crap


If you can't calculate the monetary cost of something on the marketplace, you must suffer from severe mental retardation. 80msp = $1, 400msp = $5, 800msp = $10, 1600msp = $20, 4000msp = $50, so on and so forth. Very simple system. I also prefer Microsoft Points for two reasons. One, as stated in other comments, is the fact that you can find deals on MSP cards. I used to pay as little as half price for MSP cards on ebay. My second reason is that we didn't have to pay tax on a MSP card. However, over the duration of the dashboard beta, I noticed that making purchases in local currency means paying tax on every purchase.


That was the US conversion. Not everybody lives in the US. Canadians had a much worse conversion (1400msp for 20), with most games being 1600msp or 800msp. This conversion matches the Canadian price for MSP with the US price, I still don't have to pay tax on purchases with MSP converted to dollars, and overall, I save money.

BozzzPosted:

Microsoft points were way better

AppzePosted:

Rip MSP
I will miss you so much

RyhPosted:

Treyarched
_Bale Microsoft points were fine as they was, it didn't need changing


No they sucked, Always had to spend more money than I needed to on MSP to download something and then having some left over and nothing to spend them on. They should have never used them in the first place.


Yeah, i always had about 60 or so microsoft points to spend, even though you cant spend 60 msp, its annoying.

DavidDo0MPosted:

Visual-Studio
_Bale Microsoft points were fine as they was, it didn't need changing


um yes it did, and since its local currency now people will know how much money they are spending on **** crap


If you can't calculate the monetary cost of something on the marketplace, you must suffer from severe mental retardation. 80msp = $1, 400msp = $5, 800msp = $10, 1600msp = $20, 4000msp = $50, so on and so forth. Very simple system. I also prefer Microsoft Points for two reasons. One, as stated in other comments, is the fact that you can find deals on MSP cards. I used to pay as little as half price for MSP cards on ebay. My second reason is that we didn't have to pay tax on a MSP card. However, over the duration of the dashboard beta, I noticed that making purchases in local currency means paying tax on every purchase.


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