Apple is gearing up to shell out refunds to a reported 23 million people.
The massive refund stems back to a 2011 class-action suit against the company which made a strong case for "unlawful exploitation" of young customers. Put differently, Apple will be paying up for all those parents whose kids may have made unauthorized purchases that mom and dad were stuck with sans their permission or even knowledge.
Apple denies all allegations and is entering into this settlement to avoid burdensome and costly litigation. The settlement is not an admission of wrongdoing.
To claim their share of the benefit, class members are required to submit a valid "Claim Form" online or postmarked by Jan. 13, 2014.
Parents whose kids downloaded $30 or less worth of content will be compensated with a $5 iTunes gift card (or, Apple says, the equivalent of their total Game Currency charges). Today's email notification also revealed that cash refunds will be given but only to consumers without an active iTunes account (or if their bill is greater than $30).
To opt out, class members must send a request postmarked by August 30th.
A detailed notice and Claim Form package contains everything you need and is available here.