Trying to understand this. MS is getting rid of Points in favor of real currency

#1NOMPosted 8/16/2013 1:00:59 PM
So the points I currently have will switch over to real currency of equal or greater value, but I only have a year to use that money?

I heard this sometime back and I'm still trying to understand the how and why.

Can someone enlighten me on this situation?
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#2MetroidFan9999Posted 8/16/2013 1:02:07 PM
Well for one...they are absolutely pointless.
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#3squarex8264Posted 8/16/2013 1:03:07 PM
Yeah, all Microsoft Points are being converted to local currency, rounded up. You then have until June of 2015 I believe to spend any of those converted points. Later in the year, you can buy gift cards to add currency to your account like you add points now if you don't want to use a credit card.
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#4ImThe8thWonderPosted 8/16/2013 1:03:46 PM
I don't agree with any time limitations, but points are a sleazy way to make extra money. A lot of people don't stop to think about how smaller values like 80 MSP or 120 MSP is actually worth in real currency, so they end up making more microtransactions. At least with real currency, the user should be always completely aware of what they're spending.
#5Joey-ZazaPosted 8/16/2013 1:06:21 PM
I'm guilty of whoring out points for Mass Effect 3 for my girlfriend who never even played anyway. Money in the toilet.
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#6ElPolloDiablo87Posted 8/16/2013 1:07:46 PM
I actually preferred the points. After 8 years of XBL I ended up having 30 points unspent, the equivalent of 37 cents, and in those 8 years I saved way more than 37 cents by not being taxed on it.
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#7cpcjlc3Posted 8/16/2013 1:08:08 PM
I like the currency idea. For the longest time I had 80 points that just sat there because I bought something that left me with 80 points. That is money unused and wasted. With the currency change, I can spend exactly what I want to spend and not worry about money sitting there unused.
#8cpcjlc3Posted 8/16/2013 1:09:39 PM
Diablo you are actually taxed when you buy points, check your CC or bank statement. (Unless you live in a state that doesn't charge tax on internet purchases)
#9seankimberley42Posted 8/16/2013 1:12:11 PM
ImThe8thWonder posted...
I don't agree with any time limitations, but points are a sleazy way to make extra money. A lot of people don't stop to think about how smaller values like 80 MSP or 120 MSP is actually worth in real currency, so they end up making more microtransactions. At least with real currency, the user should be always completely aware of what they're spending.


Considering the amount of deals you can get on points cards, as opposed to cards with a dollar amount imprinted on it, you'd still come out ahead.
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#10vgsrulePosted 8/16/2013 1:21:06 PM
ImThe8thWonder posted...
I don't agree with any time limitations, but points are a sleazy way to make extra money. A lot of people don't stop to think about how smaller values like 80 MSP or 120 MSP is actually worth in real currency, so they end up making more microtransactions. At least with real currency, the user should be always completely aware of what they're spending.


I can't fault MS for people being stupid.

It can be annoying at first, but seriously, it's simple math, should take 5 minutes to memorize all the common point values.

Currency isn't really going to change much, but I suppose it is more direct.
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