Microsoft Offering Refunds to Xbox Live Gold Subscribers

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Microsoft Offering Refunds to Xbox Live Gold Subscribers

Owners of Microsoft’s (MSFT) Xbox One and Xbox 360 gaming consoles who paid the annual subscription fee for Xbox Live Gold can get a refund.

xboxone185 Microsoft Offering Refunds to Xbox Live Gold SubscribersOn Tuesday, MSFT dropped the requirement that forced Xbox One and Xbox 360 owners to subscribe to Xbox Live Gold in order to access entertainment apps through their consoles. In order to receive a refund for Xbox Live Gold, Xbox owners must file an online request by Aug. 31. Refunds will take between six and eight weeks, CraveOnline notes.

MSFT is planning to remove the Xbox Live Gold paywall restriction on the Xbox consoles when it issues a software update in June.

MicrosoftNew185 Microsoft Offering Refunds to Xbox Live Gold Subscribers
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The Xbox One debuted in November, but has struggled against Sony’s (SNE) new PlayStation 4 console, which is priced $100 lower than the Xbox One.

In a bid to bolster its competitiveness with the PS4, MSFT has also announced that consumers can purchase the Xbox One without its Kinect sensor, cutting $100 off the console’s price.

MSFT stock sank modestly in Wednesday morning trading.

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