Nowadays, the trend of digital transactions and mobile payment apps has increased a lot. Cash App is also one such popular mobile payment platform in America, which is used by millions of people to send, receive and invest money. But recently a big legal action has come to the fore regarding Cash App, in which the company has decided to settle for $ 12.5 million.
Now the question arises—can you be a part of this settlement? Are you also eligible to receive some money? In this article, we will explain this whole matter in simple language and tell what is the process of claiming the settlement.
Cash App Lawsuit: What is the whole matter?
Cash App, which is operated by Block, Inc., was recently sued by a class action lawsuit. The suit alleged that Cash App inadvertently charged additional fees to some users, transparency was not maintained in their transactions, and some security rules were not followed.
The company has not admitted fault in this case, but Cash App has agreed to settle for $12.5 million to avoid a lengthy court process and potential damages.
This settlement is for all users who were affected, and who used Cash App in a certain period.
Eligibility to join the settlement
To be a part of the Cash App Settlement, you have to pay attention to some key things:
Cash App usage period:
You must have used Cash App in the period that is covered in this lawsuit. For example, if the lawsuit covers transactions from January 1, 2018 to December 31, 2023, you must be a Cash App user in this period.
Inclusion in the Settlement Class:
The Settlement Class means all users who have been affected by the services and fees described in the lawsuit.
Filling the claim form:
To avail the settlement, you have to fill a claim form, which asks for your information, user ID and other details.
Deadline:
The last date for submitting the claim form is also fixed. If you fill the form after this date, you may be considered ineligible for the settlement amount.
How much money will be received?
The settlement amount has been fixed at $12.5 million. But this amount will be divided among all eligible claimants.
Usually, the amount received by each user in such a class action settlement can range from a few hundred dollars to a few thousand dollars. The actual amount depends on the number of claimants and your personal situation.
Process of receiving settlement money
The settlement amount can be sent directly to your bank account, Cash App wallet, or through check.
The process is as follows:
Claim form submission:
Once the claim form is submitted on your behalf, the case management team checks your information.
Settlement approval:
After getting the final approval from the court, a list of all the eligible claimants is made.
Distribution of money:
Everyone is sent their settlement amount in a stipulated time.
Note that the settlement process can take anywhere from a few months to a year to complete.
How to fill the claim form?
The process of filling the claim form for Cash App Settlement is quite simple.
Visit the official website:
Visit the settlement website, such as www.CashAppSettlement.com (example).
Fill in your details:
- Name
- Cash App user ID
- Email address
- Bank details (if asked)
Upload documents (if required):
In some cases, you may also have to provide proof of your transaction.
Submit the form:
After filling everything, press the submit button and get the confirmation.
Who will not get the settlement?
- People who did not use Cash App during that period.
- Whose claim form was not submitted on time.
- Whose case does not fall under the definition of Settlement Class.
Are there options other than settlement?
If you are not satisfied with the settlement or you feel that the loss is more, then you can also file a separate case. But to do this you will have to declare that you are out of the Settlement Class.
Caution: Avoid fraud
Many times fake websites and emails also become active in the name of settlement.
Keep in mind:
Never give your bank details or password on unknown websites.
Trust only the official website related to the settlement or the notification of Cash App.
If someone asks you for a fee in the name of getting the settlement money, then it may be fraud.
Conclusion
The $12.5 million dollar Cash App Settlement is a golden opportunity for all the users who have been affected by this lawsuit. If you are eligible, fill out the claim form without delay and get your share. Through this article, we have tried to give you information about the entire settlement process in simple language. If you still have any doubts, check out the official website of Cash App or the legal notification. Keep in mind, such opportunities do not come again and again. If you are also wondering “Can I also be a part of this settlement?” then the answer is: yes, absolutely if you meet the eligibility criteria.
FAQs
Q1. What is the $12.5 million Cash App lawsuit about?
A: The lawsuit alleges that Cash App violated certain consumer protection laws, possibly involving issues like unauthorized transactions or data privacy breaches. The company has agreed to a $12.5 million settlement to resolve these claims without admitting wrongdoing.
Q2. Who is eligible to file a claim?
A: Eligibility usually includes users who were affected by the issue within a specified time period. For example, you may qualify if you used Cash App during the timeframe mentioned in the settlement and experienced unauthorized charges, account access issues, or other harms related to the allegations.
Q3. How do I file a claim?
A: You need to visit the official settlement website (typically provided by the claims administrator), complete a claim form, and submit any required documents before the deadline.
Q4. Do I need to provide proof to file a claim?
A: In some cases, proof such as account screenshots or transaction records may be requested, but often, basic account details and a sworn declaration of your eligibility are sufficient.
Q5. Is there a deadline to file a claim?
A: Yes, all claims must be submitted by the deadline stated in the settlement notice. Late claims will not be accepted. The specific deadline can usually be found on the official claims website.
