Apple's $400 Million E-Books Settlement is Now Being Paid Out to Customers

Apple's $400 Million E-Books Settlement is Now Being Paid Out to Customers

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Apple's massive $400 million e-books settlement is now being paid out to customers who purchased e-books from Amazon, Barnes & Noble, Kobo, and Apple between April 1, 2010 and May 21, 2012.

Apple was found guilty of conspiring with five publishers to fix e-books prices and following the Supreme Court's refusal to hear the company's appeal, the settlement agreed upon with the DOJ is being dispersed.

Consumers will receive a $6.93 credit for every e-book which was a New York Times bestseller, and a $1.57 credit for other e-books.

Credits will be automatically sent directly into the accounts of consumers at major book retailers, including Inc., Barnes & Noble Inc., Kobo Inc. and Apple. Retailers will issue emails and put the credits in the accounts simultaneously. If e-book purchasers requested a check in lieu of a credit, they will receive a check. If purchasers received a credit during the first round of distribution of publisher settlements, and they did not opt out, they will automatically receive a credit.

“To make this settlement effective and accessible for consumers, our team faced a sizable undertaking that entailed almost constant contact with the retailers to make sure the credits will be applied to consumer accounts across the country,” said Steve Berman, managing partner of Hagens Berman. “This is the second round of distribution in the case, and we believe the only case in the country to have so much money returned directly to consumers.”

Here's how the credits work at Amazon.

Eligible customers do not need to do anything to receive these credits. If you are eligible, we have already calculated your credit for you and added it to your Amazon account. As long as you have credit remaining we will automatically apply it to your purchase of qualifying items through, an Amazon device or an Amazon app. The credit applied to your purchase will appear in your order summary as a gift card during checkout and in your account history. Eligible customers should have received a notification email from Amazon on June 21, 2016. This credit will expire at 11:59pm PDT on June 24, 2017.

You can check your Amazon credit at the link below. How much did you get?

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Apple's $400 Million E-Books Settlement is Now Being Paid Out to Customers