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

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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.

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Related Forum: Xbox Forum

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

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

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SorceryPosted:

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?


They'll definitely be account bound, at least they're not being idiots about this, first time for everything I guess.

xSTaTiCBLuExPosted:

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?

LosT_CrayonZPosted:

Sounds Great (;

ODSTPosted:

I-DA-KING Im glad there finally doing this, Im tired of spending $20 for a $15 DLC then having an extra 200 points to spend on nothing


You're still going to have left over money. It's just that a $20 card will now pay for a $15 DLC and you will have $5 left over. It's just not going to be in some BS currency that's inconvertible.

VEVOPosted:

Fans
AwesomeSauce69 What people don't understand is that, now we are now paying more.


And how are we paying more? Lol


I'd like the answer to that too. 80 msp equals 1 USD. It's not like they're giving us pennies on the dollar. It's still the same.

AlphabetsPosted:

AwesomeSauce69 What people don't understand is that, now we are now paying more.


And how are we paying more? Lol

Snowfl4k3zPosted:

That's still money.

LosT_CrayonZPosted:

It better be equal

GoldPeakTeaPosted:

Wow! Good news. Sort of like iTunes!

I-DA-KINGPosted:

Im glad there finally doing this, Im tired of spending $20 for a $15 DLC then having an extra 200 points to spend on nothing


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