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Microsoft now accepts bitcoin payments

Bitcoin 3D logo render, Microsoft accepts bitcoin payments
Bitcoin render
The new payment option can only be used by customers in the US for now and is subject to multiple limitations, including a "no refunds" policy.

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In a surprising move, Microsoft decided to accept bitcoin payments from customers interested to acquire Windows Store content. In addition to that, Microsoft account holders can also use this payment method to fund the purchase of Xbox Games, Xbox Music, as well as Xbox Video. The blog post that made this official earlier this week reveals that "Starting Thursday in the U.S., by using BitPay, the world’s leading bitcoin payment processor, you can trade-in bitcoin – at current market value — and add it to your Microsoft account."

There are multiple limitations that apply to this news payment method, including those below:

  • only customers in the US can use it for now
  • bitcoin cannot be used for direct payments, but only to put funds into Microsoft accounts
  • $1,000 USD is the maximum amount that can be exchanged in a day, but also less than $5,000 USD to additional Microsoft accounts registered in one's name or by the user him/herself

BitPay currently offers support for more than 50,000 businesses, including big names such as Newegg, TigerDirect, or Virgin Galactic. According to Eric Lockard, corporate vice president of Universal Store at Microsoft, "The use of digital currencies such as bitcoin, while not yet mainstream, is growing beyond the early enthusiasts. We expect this growth to continue and allowing people to use bitcoin to purchase our products and services now allows us to be at the front edge of that trend." 

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2014 12 > Microsoft now accepts bitcoin payments
Codrut Nistor, 2014-12-13 (Update: 2014-12-14)
Codrut Nistor
Codrut Nistor - News Editor
Although I have been writing about new software and hardware for almost a decade, I consider myself to be old school. I always enjoy listening to music on CD or tape instead of digital files and I will not even get into the touchscreen vs physical keys debate. However, I also enjoy new technology, as I now have the chance to take a look at the future every day. I joined the Notebookcheck crew back in 2013 and I have no plans to leave the ship anytime soon.