Amazon and Apple to compensate e-book buyers for over-payment on books.

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Photo Credit: midgetmomma
E-book readers: Check your Amazon account. You may have some money credited to you!
If you have bought an e-book (from a major publisher) on Amazon between April 2010 and May 21, 2012, you could have free money in your account. If you have purchased bestsellers between those two dates, you may have even MORE money waiting for you (A friend of mine was credited nearly $70)!

Amazon sent out notices to users on Tuesday, letting them know that they have been awarded money in a Justice Department lawsuit. The lawsuit was filed because consumers had overpaid on books due to price fixing.
Many major book publishers (and company behemoth Apple) had lost an antitrust case back in 2012 after the Department of Justice sued the companies for "collusion in setting the price of e-books."
The Supreme Court ruled that $400 million will go to e-book purchasers.

Anyone who purchased a NYT bestseller between the above dates will get a $6.93 credit for each book bought. For books that are NOT on a bestseller list, e-book buyers can expect $1.57 credit per e-book.

Customers who bought e-books from Kobo, Barnes and Noble, and Apple are also involved in the settlement and can expect credits.

My Two Cents

I received a $6.28 credit to my account. What e-book should I purchase? RT me on Twitter! @shauna_silva

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