Cash App Settlement Payout Per Person: Who are going get upto $2,500!

Those who used Cash App to transfer amounts in the past six years that they can get a maximum payout per person of $2,500 as part of a class-action settlement over security breaches on the payment transfer app.

Individuals who satisfy the settlement’s eligibility requirements and submit valid claim form before the deadline will get the settlement payout amount through the direct or bank deposit and via paper cheques. 

Cash App Settlement Payout Per Person

The officials agreed to pay up to $15,000,000.00 as a settlement fund that can be utilized to cover the attorneys fees or expenses, class representatives services award, notice and settlement administration costs, and to pay the settlement payout amount to all qualifying persons. 

Individuals can get a maximum of $2,500 per person payout amount if they submit claim form for out-of-pocket losses and can expect to get $25 hourly for payout of lost time of up to 3 hours. To receive the transaction Losses benefit amount individuals need to submit a valid claim form for documented transaction losses. 

When will you get a Cash App Settlement Payment?

Every eligible individual wants to know when they will get their cash app settlement payout amount. The exact payout date is not announced by settlement officials yet. 

But it is expected that after the final approval hearing that is going to be conducted on January 13, 2025 at 9:30 AM PST through teleconference, if no further appeals will be scheduled then settlement payout amounts will be delivered to all qualifying Individuals within a few days to weeks.

If an eligible individual will not receive their Cash App settlement payout amount on the expected payout date then they need to wait for four to five business days before contacting the officials. 

How will the Cash App Settlement Payment be provided?

The cash app settlement payout per person will be provided through the payout receiving method that a person selected while submitting a claim form for this settlement. The payout per person will be delivered through Virtual Prepaid Card, Zelle, Venmo, and through Physical Checks payout receiving methods.

The direct deposit payout delivery method is the fastest, smooth and secure payout delivery method ever. Whereas the Physical Checks payout receiving method is slower than bank or direct deposit and sometimes become a reason for unexpected delays. So, it is advised to always select a direct deposit payment delivery method while submitting a claim form for settlements. 

Who will receive the Cash App Settlement Payout?

Individuals who fulfill the below listed eligibility requirements can get a payout amount from cash app settlement.

• Interested persons need to be a past or current user of Cash App or Cash App Investing, or user of any of its affiliates, subsidiaries or parents.
• Candidates’ private details such as Cash App account or Cash App Investing account’s details were accessed or gained without their authorization.
• Applicants need to had unauthorized or fraudulent withdrawals or transfers of funds from their account to another one
• Claimants need to have the data breach issue in a Cash App account or any linked financial account between 23 August 2018 and 20 August 2024.
• Individuals need to submit a Calum form with valid and accurate information before the claim form submission deadline of November 18, 2024.

What to do if you will not get a Cash App Settlement Payout?

If a qualifying person will not get a Cash App settlement payout amount on time they need to act upon the below listed instructions.

• Contact the Officials: If a person will face unexpected delays in receiving their cash app settlement funds they need to contact the officials by calling the settlement administrator at 1-866-615-9740. They will inform you about your settlement payout amount, date as well as payout delaying reason. 
• Check your entered details: In case of facing delays in getting your settlement funds you need to check your details that you entered in the claim form. If you see any invalid or wrong information then you need to update your details as soon as possible to get rid of delays.
• Have Patience: If you are a qualifying person but will not receive your settlement payout amount on time then it is advised to you please have patience for at least three to five working days before contacting the settlement’s administrator. It is because sometimes the payout distribution process takes a longer time to deliver the settlement payout amount to the qualifying persons.