Cash App Settlement Payouts Up to $2,500: Cash App users who experienced data breaches and unauthorized access may be eligible for compensation of up to $2,500. Following a significant breach of user information, Cash App has agreed to a $15 million settlement, providing affected users with a chance to file claims and receive compensation for losses.
Here’s a breakdown of how you can determine your eligibility, the steps to claim your share, and the key information to ensure you meet the deadlines.
Cash App Settlement Payouts Up to $2,500
| Detail | Information |
|---|---|
| Settlement Amount | Up to $15 million in total payouts |
| Eligibility Period | August 23, 2018 – August 20, 2024 |
| Max Payout per Individual | Up to $2,500 |
| Claim Categories | Out-of-pocket losses, lost time, transaction losses |
| Claim Submission Deadline | November 18, 2024 |
| Contact for Assistance | Cash App Settlement Official Site |
| Exclusion Request Deadline | November 1, 2024 |
| Objection Filing Deadline | November 1, 2024 |
The Cash App settlement offers a way for users impacted by data breaches to receive compensation for financial losses and the time spent managing breach-related issues. If you’re eligible, act promptly to ensure you receive your share of the settlement fund by following the simple steps outlined above. With the November 18, 2024 deadline fast approaching, it’s essential to gather your documents and submit your claim as soon as possible.
Understanding the Cash App Settlement: Background and Context
Cash App, a widely used mobile payment service owned by Block, Inc., experienced a series of data breaches over recent years. These breaches exposed user data to unauthorized individuals, resulting in potential risks to personal and financial information. For users affected by these breaches, this settlement aims to compensate for financial losses, time spent resolving issues, and any damages caused by fraudulent transactions.
The $15 million settlement fund will be distributed among eligible users, with individual payouts of up to $2,500, depending on their specific claims. This financial remedy intends to mitigate the negative impact caused by data breaches and support users who experienced issues.
Am I Eligible for the Cash App Settlement?
To determine if you qualify for compensation under the Cash App settlement, you’ll need to meet the following criteria:
- Account Usage: You must have had a Cash App account between August 23, 2018, and August 20, 2024.
- Unauthorized Access: Your account or personal information was accessed by unauthorized parties without your consent.
- Fraudulent Transactions: You experienced unauthorized transactions or transfers during the eligible period that Cash App has not reimbursed.
- Unresolved Account Errors: Any persistent errors or discrepancies in your account linked to the data breach that you have not resolved.
By meeting these requirements, you may be eligible to file a claim and receive compensation under one or more categories.
How Much Can You Claim? Understanding the Compensation Categories
The Cash App settlement includes multiple claim categories to address different types of damages. Here’s a closer look at the three primary compensation categories:
1. Out-of-Pocket Losses
- Coverage: This category covers actual expenses incurred due to the breach. Eligible expenses include costs for credit monitoring, identity theft insurance, or fees for replacing compromised payment cards.
- Compensation Limit: Users can claim up to $2,500 in out-of-pocket losses.
- Example: If you spent $50 on a credit monitoring service following a breach notification, you could include that in your claim.
2. Lost Time
- Coverage: You may be eligible for compensation for the time spent dealing with issues arising from the data breach, such as reporting fraudulent transactions, contacting Cash App support, or managing security concerns.
- Compensation Rate: The settlement allows for reimbursement at a rate of $25 per hour, with a maximum of three hours (up to $75).
- Example: If you spent two hours reporting unauthorized transactions and contacting customer service, you could claim $50 for lost time.
3. Transaction Losses
- Coverage: This category is for users who experienced unauthorized withdrawals, transfers, or other financial transactions not reimbursed by Cash App.
- Compensation Limit: The amount varies based on the transaction value, up to a maximum of $2,500.
- Example: If you lost $500 due to an unauthorized withdrawal that Cash App did not reimburse, you can claim this amount as part of your transaction losses.
Cash App Settlement Payouts Up to $2,500 Guide: File Your Claim
Follow these simple steps to ensure your claim submission process is smooth and efficient.
Step 1: Visit the Official Settlement Website
Go to the Cash App Settlement Official Site to access the official claim form and additional resources for the settlement.
Step 2: Provide Required Personal Information
When completing the form, make sure to enter your full name, address, email address, and phone number. This information will verify your identity and eligibility.
Step 3: Describe the Incident or Transaction Issue
Provide details about the unauthorized access or fraudulent transactions associated with your Cash App account. Include specific dates, transaction details, and any relevant interactions with customer support if applicable.
Step 4: Upload Supporting Documents
Attach all relevant documentation to support your claim. This might include:
- Bank or credit card statements showing unauthorized transactions.
- Receipts for credit monitoring services.
- Emails or messages with Cash App regarding account breaches.
- Police reports or other official documentation if filed.
Step 5: Review and Submit Your Claim
Double-check your claim form to ensure all details are correct. Once you’re ready, submit your claim through the settlement website. You should receive a confirmation email verifying your submission.
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Important Deadlines and Next Steps
Here are the critical deadlines to remember:
- Claim Submission Deadline: November 18, 2024. Ensure your claim is submitted before this date to be eligible for compensation.
- Exclusion Request Deadline: November 1, 2024. If you want to opt out of the settlement to retain the right to pursue separate legal action, submit your exclusion request by this date.
- Objection Filing Deadline: November 1, 2024. If you have objections to the terms of the settlement, you must file them by this deadline.
For further assistance, you can reach out to the Settlement Administrator at 1-866-615-9740.
FAQs On Cash App Settlement Payouts Up to $2,500
1. What is the Cash App settlement?
The Cash App settlement is a $15 million fund established to compensate users affected by unauthorized access or data breaches that compromised user information. Eligible users may claim up to $2,500 in various categories, such as out-of-pocket losses, lost time, and unreimbursed transaction losses.
2. How do I know if I’m eligible?
You are eligible if you used Cash App between August 23, 2018, and August 20, 2024, and experienced unauthorized access, unreimbursed transactions, or unresolved account issues related to the breach.
3. What can I claim compensation for?
Eligible users can claim compensation for out-of-pocket expenses, lost time, and transaction losses related to unauthorized access or breaches involving their Cash App account.
4. How much can I claim?
You can claim up to $2,500, depending on your specific circumstances and the evidence provided.
5. Where do I submit my claim?
Claims can be submitted through the Cash App Settlement Official Site until November 18, 2024.
