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Parents of Fortnite Players Could Be Eligible for Refunds, Says FTC

The Federal Trade Commission (FTC) has announced that parents whose children made unauthorized purchases on the popular video game Fortnite may be eligible for refunds. This news comes as part of a legal settlement between the FTC and Epic Games, the maker of Fortnite.

In December of last year, it was revealed that Epic Games would pay $520 million in penalties and refunds to settle complaints related to children's privacy and misleading payment methods. The settlement was finalized in March, and part of the agreement includes $245 million in customer refunds.

The refunds are intended to cover costs incurred by unwanted in-game currency (V-Bucks) or virtual items that were purchased unintentionally. The refund eligibility period spans from January 2017 to September 2022. Additionally, parents whose credit cards were charged without their knowledge between January 2017 and November 2018 may also be eligible for refunds.

Notably, Epic Games was also fined $275 million for allegedly collecting personal information of Fortnite players under the age of 13 without parental consent. This fine is the largest penalty ever imposed for violating an FTC rule.

To be eligible for a refund, consumers must submit a claim by January 17. Epic Games has stated that they have implemented additional safeguards to prevent unintended purchases since the settlement was reached.

In conclusion, parents of Fortnite players who were affected by unauthorized purchases have the opportunity to seek compensation through the refund program established by the FTC. This settlement marks a significant step towards protecting children's privacy and ensuring transparency in online gaming platforms.

Definitions:
– V-Bucks: In-game currency used in Fortnite to purchase virtual items.
– FTC: The Federal Trade Commission, a U.S. government agency responsible for consumer protection and fair competition.
– Epic Games: The company behind the popular video game Fortnite.

Sources: FTC, Epic Games