(NEXSTAR) — It’s been more than a month since Amazon reached a $2.5 billion settlement after the Federal Trade Commission (FTC) accused the online retailer of using “deceptive methods” to register millions of customers for paid Prime subscriptions.
So, when will you receive your part of the settlement?
Ultimately, that depends on whether you qualify. The federal agency has, however, indicated when payments may be dispersed.
Here’s what to know.
What is the $2.5 billion settlement about?
The accusation by the FTC is two-fold: first, Amazon signed up “millions of consumers” for Prime subscriptions without their permission, then “knowingly made it difficult for consumers to cancel.”
Per the FTC’s September announcement, Amazon will not only have to fork over $2.5 billion (more on that in a moment), the company must “cease unlawful enrollment and cancellation practices for Prime.”
That includes making “a clear and conspicuous button for customers to decline Prime” and doing away with the button, “No, I don’t want Free Shipping.” Amazon also needs to outline the cost of Prime during the subscription process, as well as the date and frequency of when the customer will be charged, whether it will auto-renew, and how to cancel.
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