Cash App Settlement Payout Per Person: Cash App users affected by the data breach between August 23, 2018, and August 20, 2024, may be eligible for compensation through a class-action settlement. The payout amounts for each claimant will vary depending on the type of claim they file. Here’s a breakdown of how much you could receive and what factors influence your payout.
Expected Payout Amounts for Cash App Settlement
The amount of compensation you may receive from the Cash App settlement depends on the type of claim and the extent of your losses. Here’s a guide to understanding the payout amounts:
1. Out-of-Pocket Losses
If you suffered financial losses directly due to unauthorized transactions or the breach, you could be eligible for up to $2,500 in compensation. This will be based on the amount of loss you can substantiate with documentation, such as bank statements or transaction records.
2. Compensation for Lost Time
Cash App users who spent time addressing the breach, such as contacting support, filing reports, or troubleshooting issues, may be eligible for compensation for their time. The rate is $25 per hour, with a maximum of $75 (for up to 3 hours of documented time spent).
3. Transaction Losses
If fraudulent transactions occurred in your Cash App account as a result of the breach, you may be able to recover those lost funds, as long as you submit the required documentation, such as police reports or correspondence with Cash App.
How Payouts Will Be Calculated
The payouts for each person will be determined based on the following factors:
- The amount of loss documented in your claim.
- The amount of time spent dealing with the breach.
- Supporting documentation, such as police reports, bank statements, and communication with Cash App.
- The number of eligible claimants. If many claims are filed, payouts may be adjusted based on the total available settlement fund.
Key Dates to Remember
- Claim Submission Deadline: The deadline for submitting claims was November 18, 2024.
- Approval Hearing: The final approval hearing for the settlement will be held on January 13, 2025.
- Payout Timeline: Payments to eligible claimants are expected to be issued in mid to late 2025, once the claims are verified and any appeals are resolved.
How to File a Claim
To receive a payout, you needed to submit a valid claim form by the deadline. Claims could be filed online through the official settlement website. Be sure to provide all necessary documentation, including transaction records, proof of unauthorized charges, and any communications you had with Cash App regarding the breach.
For further information and to file your claim, visit the official Cash App Settlement website.
Cash App Data Breach Settlement Claim Dates: What You Need to Know
FAQs about Cash App Settlement Payout Per Person
1. How much can I receive from the Cash App settlement?
Eligible claimants can receive up to $2,500 for out-of-pocket losses, plus compensation for time spent resolving the issue and fraudulent transactions.
2. When will I receive my Cash App settlement payout?
Payouts are expected to begin in mid to late 2025, after the settlement is finalized.
3. How do I file a claim for the Cash App settlement?
Claims must be submitted online through the official settlement website by November 18, 2024. Be sure to include supporting documentation.
4. Can I still file a claim after the deadline?
Unfortunately, if you missed the deadline of November 18, 2024, you cannot submit a claim for this settlement.
5. What documents are required to submit a claim?
You will need to submit supporting documents, such as bank statements, transaction records, police reports, or communication with Cash App.
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