What has changed?
As part of the recent Xbox 360 system update, Microsoft Points are being retired, and transactions on Xbox 360 are taking place using your local currency* instead of Microsoft Points – offering you a new, convenient way to purchase exciting Xbox content. This change allows you to use a single Microsoft account to purchase content from your Xbox 360, and apps from the Windows Phone Store for users with a Windows Phone 8!
How does this change affect me?
You’ll use local currency or an Xbox Gift Card (denominated in your local currency), in addition to other current payment methods available in your region, to purchase your favourite content on your Xbox 360. The next time you initiate a purchase or redeem a Microsoft Points card or code on your console with your Microsoft account, we’ll add to your account an amount of currency equal to or greater than the Marketplace value of your Microsoft Points, and your Microsoft Points will be retired. The currency we add to your account at the time of the transition will expire on 1 June 2015. However, the currency you purchase and add to your account after the transition will not expire.
What if I have an Xbox Live Gold Family Pack?
When you or one of the secondary account holders in your Gold Family Pack next initiate a purchase or redeem a Points card or code, we'll add to that account an amount of money equal to or greater than the Marketplace value of that account's existing Microsoft Points. The Microsoft Points will be retired, and the currency will immediately be available for use, in addition to the other current payment methods available in your region. This transition may also take place at the same time your Gold Family Pack is converted to individual Xbox Live Gold memberships.
Is there anything I need to do?
Start buying something or redeeming a code after signing in on an Xbox console. For now, your billing account needs to be in a supported country, and you do need to use an Xbox 360 console – but we are working to make this available without a console. You’ll still be able to use payment options other than Microsoft Points, including credit cards.