xboxliveMicrosoft today began rolling out the official release of a new update that moves transactions on the Xbox 360 to actual currency instead of Microsoft’s point system.

The changes were implemented for a group of beta testers last week and now others have started seeing their existing Microsoft Points turn into real money.

As it is now, 80 Microsoft Points are equal to $1. So take your total number of Microsoft Points, divide it by 80, and that’s how much money — you’ll possibly have more — will be in your Microsoft account. Gamers will have until June 1, 2015 to spend their converted Points.

More detailed information can be found at this FAQ.

Like what you're reading? Subscribe to GeekWire's free newsletters to catch every headline


  • Vigilant Satyr

    Not sure if that expiration date for spending the money is valid unless they will send a refund for the remaining balance. Seems too much like a balance carried on a gift card and most states have mandated that you cannot expire gift cards.

Job Listings on GeekWork