Millions of people use Cash App to manage payments to friends, businesses and family however the famous app may soon be giving some consumers cash too after getting a $15 million proposed settlement in a lawsuit over the company reply to security breaches.
If you have used Cash App over last 6 years you could be part of proposed $15 million class action settlement.
Cash App is one of mobile payment services such as Venmo or Zello and allow users to send and get cash invest in stocks, make payments, purchase bitcoins at various merchants.
If you used Cash App in last 6 years and dealt with a security threat you may be eligible to get over $2,500.
How much money could I get in the Cash App settlement?
You can submit a claim for documented transaction losses. To claim an out of pocket loss or a transaction loss you need to provide third party documentation.
You can claim up to $2,500 for out of pocket losses and $25 per hour for reimbursement of lost time up to three hours. If you eligible to take part in $15 million proposed settlement.
Out of pocket losses involve cost linked with credit monitoring.
When will I get my payout money?
A last approval hearing for the Cash App settlement is scheduled for Dec. 16, 2024.If approved payments would go out after that date.
Plaintiffs in the lawsuit allege that Block and Cash App were negligent when a former Cash App Investing employee accessed account data without permission in 2022 and when an unauthorized user reached various Cash App accounts in 2023 using recycled phone numbers that were connected to accounts.
Who is eligible for a payout in the Cash App settlement?
You are eligible to submit a claim if you meet any of criteria from Aug 23, 2018 through Aug 20, 24 according to settlement site.
- You are a current or former customer of Cash App or Cash App investing and your personal data your Cash App account to your Cash App investing account was accessed or get without your authorization.
- You had deficiency in resolution of an error in a Cash App account or any connected financial account.
- You had fraudulent withdrawals or unauthorized or transfer of funds to or from your account.
How do I file a claim and what are the filing deadlines?
If you are eligible for a payout you need to submit a claim from by Nov 18,2024.
Submitting your claim online or mailing it postmarked by that date.