Cash app class action settlement: how to determine your eligibility for a payout

Cash app class action settlement: how to determine your eligibility for a payout

To determine your eligibility for a payout in the Cash App class action settlement, you must first confirm whether you were affected by the specific issues outlined in the lawsuit. The case, In re: Cash App Litigation, filed in the U.S. District Court for the Northern District of California, alleges that Cash App, owned by Block, Inc. (formerly Square, Inc.), failed to provide adequate disclosures regarding its Bitcoin transaction fees between 2018 and 2021. Eligible claimants are individuals who used Cash App to buy or sell Bitcoin during this period and were charged undisclosed fees. The settlement, approved on October 15, 2023, allocates (3 million to affected users, with payouts estimated to range from )10 to $50 per claimant, depending on the number of valid claims submitted.

To verify your eligibility, visit the official settlement website, CashAppBitcoinSettlement.com, and review the claim form. You will need to provide your Cash App account details, including your registered email address or phone number, and confirm your Bitcoin transaction history during the specified timeframe. Claims must be submitted by January 31, 2024, to be considered. If you no longer have access to your account, you may still file a claim by providing alternative proof of eligibility, such as transaction receipts or bank statements. Payments will be distributed via direct deposit or check after the court finalizes the settlement on March 15, 2024.

Key Questions About Cash App Settlement Eligibility

• What is the deadline to submit a claim for the Cash App settlement? Claims must be submitted by January 31, 2024, to be eligible for a payout.
• How much can I expect to receive from the settlement? Payouts are estimated to range between (10 and )50, depending on the number of valid claims filed.
• What if I no longer have access to my Cash App account? You can still file a claim by providing alternative proof of Bitcoin transactions, such as receipts or bank statements.