E-Book Customers May Be Getting Refunds
(CNN) — If you’re one of the millions of Americans downloading books on your e-readers, you’ll want to listen up.
You could be in line for some cash back on your Amazon account.
It’s good news for some Amazon and Apple customers. You could get money back for inflated e-book prices.
These refunds are part of a September settlement with three major book publishers — Hachette, Simon & Shuster, and Harper-Collins.
The lawsuit claims those companies colluded with Apple to raise the price of downloadable books.
The publishers are setting aside $69 million for refunds.
Apple is appealing the lawsuit, so they aren’t a part of this settlement, but for now, e-book retailers are trying to figure out who should get refunds.
Amazon.com emailed eligible customers saying they could get between $.30 to $1.32 per book.
The refunds are for purchases made between April 2010 and May 2012 and only if the book was published by the companies named in the settlement.
Apple informed some customers over the weekend that they could be getting a refund as well, but no details on how much.
Notification will likely continue to come from other e-book retailers too, but you won’t be getting the money anytime soon.
The courts still haven’t approved the settlement and more appeals may be coming.
For more information head to www.ebookagsettlments.com.