Xbox Live users will have one year to spend their Microsoft Points, when it’s converted into real money in the fall.
Speculated about for some time now, Microsoft officially confirmed the end of MS Points as currency to buy music, videos, and games on Xbox Live at their 2013 E3 show.
With the end drawing near for MS Points, Microsoft has uploaded a FAQ about the shift to cash, which answers customer’s concerns regarding conversions, gift cards, and more.
However, one particular statement from the FAQ sticks out from the rest:
“The purchased funds you deposit into your account after the transition will not expire. However, the funds we deposit into your account at the time of the transition will expire one year from the deposit date.”
Meaning, any amount of points converted after the update will only exist a year afterword. If the user fails to spend his converted money within the time frame, the funds will disappear.
As GameTrailers suggests, this move comes as a blow to those who took advantage of the $10 coupon Microsoft recently issued for their store and spent it on $15 worth of points at discount.
In comparison, there’s no expiration date for money redeemed on the PlayStation Network and the Nintendo eShop.