Bought A Kindle Book? You Could Get Some Cash Back
Have you bought a book on Amazon for your Kindle pretty much anytime since 2010? Then you might have some cash coming your way! Thanks to a settlement with the Justice Department, you could get a refund of a whopping… $1.30 a book (or less)!
Hey, that can add up. And before you start decrying Obama’s “e-book socialism,” remember that the anti-trust suit is meant to encourage the free market. Amazon wanted to sell e-books for as low as $9.99, but a price-fixing scheme- alleged run by Apple with other publishers- was keeping prices artificially high.
Amazon settled, but Apple and others haven’t yet- so you still might get money back on your iBooks.
But that too could have an adverse effects on your wallet, as Gizmodo points out:
It could cause a bit of a pricing debacle for traditional book stores, because book books will never be as cheap as e-books. The other is Amazon competitors. In 2010, the last time Amazon was able to sell e-books for $9.99, it had a stranglehold on 90 percent of the market, and other retailers struggled to make inroads. Now they fear they’re going to be in the same boat all over again.
Will you be getting money back from Amazon?