Currency
Unlike Microsoft's Xbox Live Marketplace as well as Nintendo's Wii Shop Channel and Nintendo DSi Shop, which each use their own specific currencies (Microsoft Points and Nintendo Points, respectively), all purchases are made in the user's local currency. The PlayStation Store uses a 'wallet' system whereby funds are added to the wallet – either in set denominations or an amount dictated by the price of the current transaction – then debited from the account's wallet when the user makes a purchase.
The user can add funds to their wallet in a number of ways, the most common of which is by credit or debit card. Users in many regions can also purchase Playstation Network Cards or Tickets in set denominations from retailers including supermarkets or video game stores. These funds are redeemed on the PlayStation Store when the user enters the unique 12-digit code found on the card into the PlayStation Store. Nintendo themselves later adopted this currency system for their succeeding eShop. The Store's account however is region locked and generally only accepts credit card that is billed in and Playstation Network Cards purchased from the same country selected during the registration process, which cannot be changed afterwards.
In Japan, users may use the Edy e-money system. With a USB IC card reader/writer called PaSoRi, users can add funds to their wallet by swiping a smart card across the device.
Read more about this topic: Play Station Store
Famous quotes containing the word currency:
“It is the international system of currency which determines the totality of life on this planet. That is the natural order of things today. That is the atomic, and sub-atomic, and galactic
structure of things today. And you have meddled with the primal forces of nature! And you will atone! Am I getting through to you, Mr. Beale?”
—Paddy Chayefsky (1923–1981)
“There is no legislation—I care not what it is—tariff, railroads, corporations, or of a general political character, that all equals in importance the putting of our banking and currency system on the sound basis proposed in the National Monetary Commission plan.”
—William Howard Taft (1857–1930)
“One of the reforms to be carried out during the incoming administration is a change in our monetary and banking laws, so as to secure greater elasticity in the forms of currency available for trade and to prevent the limitations of law from operating to increase the embarrassment of a financial panic.”
—William Howard Taft (1857–1930)