Verizon, Sprint Customers May Be Owed a Refund

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If you’re a Verizon Communications Inc. (NYSE:VZ) or Sprint Corp (NYSE:S) customer, you may have a refund waiting.

verizon-sprint-refund-s-vzVerizon and Sprint customers may have accidentally been charged for extra services that they didn’t purchase. These services include text messages that told customers their horoscopes, bits of trivia and sports scores. The two companies are offering refunds to customers that were mistakenly charged, reports Pix11.

Sprint is offering $68 million to settle charges of accidentally charging customers for the text message services and Verizon’s settlement totals up to $90 million. The extra services costs some customers as much as $9.99 a month, Pix11 notes.

Prior to this settlement from Verizon and Sprint, customers that noticed the extra charge on their bills were denied a refund. Adding extra fees to bills without a customer’s approval is called “cramming” and it’s illegal due to the Federal Communications Act, reports Detroit Free Press.

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Article printed from InvestorPlace Media, https://investorplace.com/2015/05/verizon-sprint-refund-s-vz/.

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