If You Have Used CashApp Since 2018, You May Be Eligible for a $2,500 Cashout – Essence

You can receives a commission out of Cash App as much as $2,500.

The P2P payments app and its parent company Block Inc. have been named in a class motion lawsuit that alleges each parties “were negligent and breached other duties to users” in 2022 when a former worker accessed account information without permission. The case ended with a $15 million settlement for Block Inc. after the corporate faced multiple allegations of information breaches.

KTLA reports that Block Inc. said in a 2022 filing with the U.S. Securities and Exchange Commission that it will share data on about 8.2 million current and former users.

How do I do know if I qualify for a payout?

How much payout are you able to get?
If the above criteria are met, claimants may receive as much as $2,500 “for losses incurred directly by the insurer.”

However, the settlement states that with a purpose to move forward, it should need “third-party documentation” illustrating a “data security incident, unauthorized account event, or failure to resolve an error” on a Cash App or Cash App Investing account.

The website says claimants can even seek reimbursement for lost time — on this case, the limit is $25 per hour for three hours, for a total of $75 — and for documented transaction losses attributable to an “unauthorized account event.”

Claims could also be filed until November 18, 2024 on the settlement office. website.