Understanding the Cash App 12.5M Settlement and 147 Payments
This article explains the Cash App 12.5M settlement and the related 147 payments. You will learn who is eligible, how payments are calculated, and how to check whether you may receive money.
What is the settlement about?
Cash App and plaintiffs reached a settlement worth 12.5 million dollars after a legal claim about certain fees and disclosures. The settlement fund is intended to resolve those claims and distribute money to eligible users.
The administrators divided the fund into a set number of payments labeled as 147 payments. These payments are not a single flat amount for everyone. Instead they were designed to reach many eligible accounts or claimants.
Who can receive the 147 payments?
Eligibility depends on account activity and the timeframe stated in the settlement. Typical qualifying criteria include:
- Having an active Cash App account during the covered period specified in the settlement notice
- Experiencing the specific fee or service issue named in the lawsuit
- Meeting geographic or identity requirements if listed in the settlement terms
Not every Cash App user is eligible. People who did not use the affected service or who opened accounts after the covered period are usually excluded.
How were the 147 payments determined?
The fund was split into 147 discrete payment units for distribution logistics. The amount each recipient ends up with depends on two main factors:
- The total number of approved claims or eligible accounts
- The formula set by the settlement for calculating individual payments, often tied to actual losses or a flat share
Because approved claims vary, the per-person payment can change. If many people file claims, each share is smaller. If fewer people file, each share is larger.
How payments are calculated
The settlement typically uses one of these models to compute payments:
- Pro rata distribution based on verified loss amounts for each claimant
- Flat payment if every claimant meets minimum criteria without detailed loss proof
- Tiered payments that pay different amounts depending on the claimant category
Read the settlement notice or plan of allocation for the exact calculation method in this case. That document shows whether payment is based on documented fees or a flat share from the 147 payments pool.
How to check eligibility and claim a payment
Follow these steps to determine eligibility and file a claim if needed:
- Find the official settlement website. The court or settlement administrator posts a site with details and a claim form.
- Read the settlement notice carefully. It lists covered dates, qualifying actions, and required documentation.
- Complete the claim form online or by mail before the deadline. Provide the requested proof such as transaction records or account details.
- Monitor your email and mail for confirmation and potential requests for more information.
Missed deadlines usually mean you cannot share in the settlement, so act promptly when a notice arrives.
Timeline and payment method
Typical timeline steps include court approval, claim filing period, claim review, and distribution. Each step can take weeks to months depending on complexity.
Payments are usually sent by one of these methods:
- Direct deposit to a verified bank account or Cash App account
- Paper check mailed to a verified address
- Prepaid debit card for some distributions
The settlement notice will state the exact payment method used in this case.
Real-world example
Case study: Maria used Cash App to transfer money during the covered period and paid a specific fee that the suit challenged. She located the settlement notice, filed a claim with copies of relevant transactions, and later received a notification that she was approved.
Maria received a pro rata payment as part of the 147 payments. Her share covered a portion of the fees she had documented, so the final payment was modest but worthwhile for her record keeping and peace of mind.
Common questions about the Cash App 12.5M Settlement and 147 Payments
Q: Do I need a lawyer to file a claim? A: No. Most claim forms are designed for individuals to complete without legal help. A lawyer can help if your case is complex.
Q: What if I already closed my Cash App account? A: You can still be eligible if you can provide evidence of the account or transactions during the covered period.
Q: How long until I get paid? A: After the claims deadline and verification, distribution times vary but can take several months.
Tips to protect your claim
- Keep transaction records and screenshots of relevant fees
- Submit claims early and double-check contact details
- Watch for official emails and avoid scams. The settlement administrator will not ask for sensitive passwords
Final steps
Locate the official settlement website and read the plan of allocation. If you think you qualify, gather your documents and file a claim before the deadline.
Careful documentation and prompt action improve your chance of receiving a share of the 12.5M settlement and one of the 147 payments.
