Microsoft update turns your points into money but also sets an expiration date
Any Xbox 360 gamer who has signed up for the new dashboard beta has found that their Microsoft Points have now been converted into real money, but that they only have a year to use them.
The news that your currency could expire was originally noted on the Microsoft FAQ site and said, “When you initiate a purchase or redeem a Points card or code with your Microsoft account after the next Xbox 360 system update, 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 June 1, 2015. However, the currency you purchase and add to your account after the transition will not expire.”
This basically means that any MSP that get translated into real currency has an expiration date. While the site says that you will have 2 years to use them, Gaming Capacity show an email which states that they will only be active for one year. With the update due to happen to all Xbox 360s it looks like at least some gamers are going to lose out on their money.
While it’s unclear at the moment exactly how long you’ll have to use the currency, it is clear that they will expire. The move has already garnered much negative publicity, something that Microsoft could really do without after the reaction to the Xbox One.