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Millions of Fortnite Players Eligible for Refunds in Settlement with Epic Games

The Federal Trade Commission (FTC) has announced that over 37 million people may be eligible for compensation in a legal settlement with Epic Games Inc., the maker of the popular video game Fortnite. The settlement, which was finalized in March, requires Epic Games to pay $520 million in penalties and refunds.

The refund portion of the settlement amounts to $245 million and is intended to cover the costs of unwanted in-game currency, known as V-Bucks, as well as virtual items like outfits and loot crates. Fortnite users who were charged for items they didn't want between January 2017 and September 2022, parents whose children made charges without their knowledge between January 2017 and November 2018, and individuals whose accounts were locked after complaining to their credit card companies about wrongful charges are eligible to submit a claim for a refund. The deadline for submitting a claim is January 17.

In addition to the refund, Epic Games will pay a $275 million fine for collecting personal information on Fortnite players who were under the age of 13 without parental consent. This is the largest penalty ever imposed for violating an FTC rule.

Epic Games has assured that it has implemented additional safeguards to prevent unintended purchases since settling the case in December. Users who believe they are eligible for a refund are encouraged to visit the FTC's website for more information.

Title: Millions of Fortnite Players Eligible for Refunds in Settlement with Epic Games

Source: The Associated Press

Definitions:
– FTC: The Federal Trade Commission is a U.S. government agency that aims to protect consumers from deceptive and unfair business practices.
– V-Bucks: In-game currency in Fortnite that can be used to purchase various virtual items.
– Loot crates: In-game containers that can be purchased with V-Bucks and contain randomized virtual items.

Sources:
– The Associated Press: https://apnews.com/article/entertainment-fortnite-business-technology-03d0ac79d9b5417595e6f8e24a6942f8