Cash App users, listen up! A massive $12.5 million settlement has been approved, and you could be entitled to a payout of up to $147. This settlement comes from a class-action lawsuit addressing security issues with Cash App, a popular mobile payment platform. If you’ve used Cash App, you might qualify for compensation. In this article, we’ll break down everything you need to know in simple terms, including who can claim, how to apply, and what to expect. Let’s dive into the details to ensure you don’t miss out!
What Is the Cash App Settlement About?
In 2021, a class-action lawsuit was filed against Cash App, claiming the company failed to protect users from data breaches and unauthorized transactions. These issues reportedly led to financial losses for many users. After negotiations, Cash App agreed to a $12.5 million settlement to compensate affected users without admitting fault.
This settlement aims to provide relief to users who faced losses due to security issues. If you’re a Cash App user, you could be eligible for a payout of up to $147, depending on your situation. Below, we’ll explain who qualifies and how to claim your share.
Who Can Claim the $147 Payout?
Not every Cash App user is eligible for this settlement. To qualify, you must meet specific criteria. Here’s a simple breakdown of who can claim:
Eligibility Requirements
- Must Be a Cash App User: You need to have had an active Cash App account between August 23, 2018, and August 20, 2024.
- Experienced Losses: You must have faced unauthorized transactions, fraudulent charges, or losses due to a data breach during this period.
- U.S. Resident: You must be a legal resident of the United States at the time of the settlement.
- No Opt-Out: If you previously opted out of the settlement, you cannot claim a payout.
If you’re unsure whether you qualify, don’t worry! You can check your eligibility by submitting a claim form, which we’ll explain later.
How Much Can You Get from the Settlement?
The payout amount depends on the number of valid claims submitted and the type of loss you experienced. Here’s a quick overview:
| Type of Loss | Potential Payout |
|---|---|
| Unauthorized Transactions | Up to $147 |
| Out-of-Pocket Losses (e.g., fees) | Up to $25 |
| Lost Time (e.g., resolving issues) | Up to $15/hour |
- Unauthorized Transactions: If someone accessed your account without permission, you could receive up to $147.
- Out-of-Pocket Costs: This includes expenses like bank fees or costs to fix issues caused by the breach.
- Lost Time: If you spent time resolving problems related to the breach, you could claim compensation for up to 3 hours at $15 per hour.
The final payout may be adjusted based on the total number of claims. If too many people apply, the amount per person could decrease slightly.
How to Claim Your Cash App Settlement Payout
Claiming your share of the $12.5 million settlement is straightforward, but you need to act fast. Follow these steps to ensure you don’t miss out:
Step-by-Step Guide to File a Claim
- Visit the Official Settlement Website: Go to the official Cash App settlement website (search for “Cash App Settlement 2025” to find the correct link).
- Complete the Claim Form: Fill out the online form with your details, including your Cash App account information and proof of losses (if applicable).
- Submit Documentation: Provide evidence like bank statements, screenshots of unauthorized transactions, or receipts for out-of-pocket expenses.
- Meet the Deadline: Claims must be submitted by November 18, 2025. Late submissions will not be accepted.
- Wait for Approval: After submitting, the settlement administrator will review your claim. If approved, you’ll receive your payout via check or direct deposit.
Tips for a Successful Claim
- Double-check your eligibility before applying.
- Gather all necessary documents to support your claim.
- Submit your claim as early as possible to avoid last-minute issues.
Why Was the Settlement Approved?
The lawsuit against Cash App alleged that the company didn’t do enough to protect users’ accounts from hackers and scammers. Specifically, it claimed that Cash App’s security measures were insufficient, leading to unauthorized access and financial losses for users. The court approved the $12.5 million settlement to resolve these claims and provide relief to affected users.
Cash App, owned by Block Inc., denied any wrongdoing but agreed to the settlement to avoid lengthy legal battles. The funds will be distributed among eligible claimants, with any remaining amount potentially donated to a charity approved by the court.
What to Do If You Don’t Qualify
If you don’t meet the eligibility criteria, you can still take steps to protect your Cash App account in the future:
- Enable Two-Factor Authentication: Add an extra layer of security to your account.
- Monitor Your Transactions: Regularly check your account for suspicious activity.
- Use Strong Passwords: Create a unique, complex password for your Cash App account.
- Report Issues Immediately: Contact Cash App support if you notice unauthorized transactions.
Frequently Asked Questions
When Will I Receive My Payout?
Payouts will be distributed after the claim review process is complete, likely in early 2026. The exact timeline depends on the number of claims and any appeals.
Do I Need a Lawyer to Claim?
No, you can file a claim directly through the settlement website without a lawyer.
What If I Don’t Have Proof of Losses?
You can still submit a claim, but providing documentation increases your chances of approval and a higher payout.
Is the Settlement Legit?
Yes, this is a court-approved settlement. Always use the official settlement website to avoid scams.
Why You Should Act Now
The $12.5 million Cash App settlement is a golden opportunity for eligible users to recover losses caused by security issues. With a potential payout of up to $147, it’s worth checking if you qualify. The deadline to submit a claim is November 18, 2025, so don’t wait until the last minute. Missing the deadline means missing out on your share of the settlement.
To make the process easier, visit the official settlement website, gather your documents, and submit your claim today. If you’re unsure about your eligibility, file a claim anyway—the administrator will determine if you qualify.
Final Thoughts
The $12.5 million Cash App settlement is a chance for users to get compensated for losses due to security issues. By understanding the eligibility criteria, filing a claim, and acting before the deadline, you could receive up to $147 or more. Don’t let this opportunity slip away—check your eligibility now and take action to secure your payout!