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Amazon details ebook price-fixing refund policy, will give up to $1.32 per book

Amazon details ebook price-fixing refund policy, will give up to $1.32 per book

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Refunds won't be released until February 2013 at earliest

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kindle ibooks

Customers that purchased an ebook from Amazon between April 2010 and May 2012 will receive a partial refund soon. The Wall Street Journal says that Amazon has begun to email customers informing them that they'll receive between $0.30 and $1.32 for each ebook from the publishers named in the lawsuit — namely Hachette, HarperCollins, Macmillan, Penguin, Simon & Schuster, and their subsidiaries. The top-tier credits will be reserved for titles that made The New York Times' bestsellers list at any point between April 2010 and May 2012. Refunds will arrive in the form of an account credit, although you will be able to request a check instead.

The refund is the result of an investigation into price-fixing by Apple and major publishers. The defendants agreed on a settlement with a number of State Attorneys General back in August, but consumers won't receive a credit until courts approve the agreement at a hearing next February. Barnes & Noble told The Wall Street Journal that it will be sending a similar email to its customers soon, but in the meantime you can check out an official FAQ that explains eligibility and the refund process in detail.