Microsoft launches Xbox Live credit card in Germany

The Inquirer writes Microsoft will launch an Xbox Live credit card for German teenagers of 14+. The reason for this is because in Germany the penetration rate for credit cards is pretty low compared to other parts of the Western world and as a consequence online retailing is slower in Germany than in other places.

Unhappy with this Microsoft has launched a pre-paid Xbox Live credit card for German teenagers of 14+, and it doesn’t have bad terms to boot - no yearly fees, two per cent interest on the prepaid balance and the card works like a normal Visa card.