The tech giant will also change its policies, requiring consent from customers before charging from in-app purchases
made by their children without permission.
The technology giant and creators of the iPhone and iPad has also revealed it will change its policies to ensure that customers have to give consent before being charged for their in-app purchases.
Tens of thousands of parents worldwide will receive refunds in full, by order of America's Federal Trade Commission, who reveals that in some cases, charges for accentual purchases have ran into thousands of pounds, reports the Express.
It has also been revealed that numerous apps featured a 15 minute time slot in which passwords were not needed to make purchases.
Apple did not inform users about it.
Apple CEO Tim Cook decided to settle the case with the FTC 'to avoid a protracted legal battle'.
He said: "It doesn't feel right for the FTC to sue over a case that had already been settled. to us, it smacked of double jeopardy.
"However, the consent decree the FTC proposed does not require us to do anything we weren't already going to do, so we decided to accept it rather than take on a long and distracting legal fight."
