Microsoft phasing out Points system — Xbox market getting real-currency payments

I don’t have many skills, but I could always convert Microsoft Points into U.S. dollars without thinking. A game costs 800 Microsoft Points? Well, that’s $10 in Earth currency. Unfortunately for me, that skill is heading toward obsolescence.

Microsoft is finally ending its Points payment system for the Xbox Live Marketplace, according to The Verge. The company is replacing it with a real-money currency option. It will sell gift cards with dollar values at retail, but it will also accept direct payments with credit and debit cards through its online store.

This new system will work the same across the Windows Stores, the Windows Phone Store, and the Xbox Live Marketplace. Expect to hear more about around the time of the Electronic Entertainment Expo (E3) trade show in early June.

The new system may launch with the next Xbox, which Microsoft will reveal next week. We’ve reached out to ask if it will also replace Microsoft Points on the current console. We will update with any new information.

Screen Shot 2014-03-25 at 2.00.11 PMGamesBeat 2014 — VentureBeat’s sixth annual event on disruption in the video game market — is coming up on Sept 15-16 in San Francisco. Purchase your ticket now to save $200!

GamesBeat is your source for gaming news and reviews. But it's also home to the best articles from gamers, developers, and other folks outside of the traditional press. Register or log in to join our community of writers. You can even make a few bucks publishing stories here! Learn more.

You are now an esteemed member of the GamesBeat community. That means you can comment on stories or post your own to GB Unfiltered (look for the "New Post" link by mousing over your name in the red bar up top). But first, why don't you fill out your via your ?

About GamesBeat