Gimme My Money: Amazon To Refund eBook Purchases

Amazon To Refund eBook Purchases

If you purchased an eBook between April 2010 and May 2012, Amazon might be sending you some cash. Not much cash—somewhere between 30 cents and $1.32—but in this economy, it's better than nothing.

When the Kindle came out in 2007, Amazon heavily marketed a $9.99 eBook bestseller promo, which dented print-publisher sales. In response, several large publishing companies might have conspired with Apple chiefs to raise the price of eBooks. Once they signed a deal with Apple in 2010, the publishers reworked their agreements with Amazon and hiked up prices. One quick antitrust lawsuit by the Justice Department later, the publishers agreed to pay $69 million into a fund to pay for the refunds.

Here's the official scoop: Amazon customers will receive $1.32 for each title that made the New York Times bestseller list and 30 cents for each that wasn’t a bestseller during the claim period. Thankfully, you won't have to take a tiny check to the liquor store and face the derisive sneer from the cashier: they'll automatically send the credit to your account if the settlement is approved.

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