Microsoft launches Xbox Live credit card

In Germany, the penetration rate for credit cards is not as high as in other parts of the western world and so as a consequence things such as online retailing have not taken off quite as quickly there.

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.

If they can't come to paradise, bring paradise to them. µ