The Cash App class action settlement resolves claims about certain practices by Cash App. This guide explains who may get a $147 payment, how eligibility works, and what to expect during distribution.
What the Cash App class action covers
The settlement addresses specific consumer claims that led to a $12.5 million fund for payouts and fees. It does not cover every Cash App user, only those within the defined class and claim period. Understanding the covered issues helps you decide whether to check your eligibility.
Who is eligible for the $147 payments
Eligibility depends on the class definition in the settlement. Typically this includes users who experienced the specific issue described in the lawsuit during a set timeframe. Key points that determine eligibility include transaction type, dates, and account status.
- Users must be part of the settlement class as defined in the notice.
- Transactions or experiences must fall within the claim period listed in the settlement documents.
- Some categories of users (for example, business accounts) may be excluded.
How the $147 figure is determined
The $147 payment is an estimated per-person recovery based on the total $12.5 million fund minus attorney fees and administrative costs. The final individual payment can vary if more class members submit timely claims or if certain deductions apply.
Typical steps used to calculate the per-person amount:
- Subtract attorney fees and court-approved expenses from the $12.5M fund.
- Set aside any enhancement or cy pres awards if approved.
- Divide the net amount among approved claimants or distribute according to tiers if the settlement specifies different payment levels.
Class action payouts are often estimates. The amount you see in notices can change depending on how many people file valid claims.
How to check eligibility and file a claim
Check the official settlement website or court documents for the exact class definition and claim deadline. The common steps are straightforward and should be followed carefully to maximize your chance of receiving payment.
- Find the settlement website linked in the notice or via the court docket.
- Read the class definition to confirm you qualify.
- Gather required information: email, phone, Cash App user ID, transaction details, and any proof requested.
- Complete and submit the claim form online or by mail before the deadline.
Required documentation and typical questions
Forms usually ask for basic contact information and a short description of the reason you are a class member. You may need to enter transaction dates or amounts if the settlement requires it.
If you no longer have access to the old email or phone tied to the account, include a note in your claim and provide alternate contact details where the administrator can reach you.
Distribution process and timeline
After the claim deadline, the claims administrator reviews submissions, approves eligible claims, and calculates each payment. This review can take weeks to months depending on claim volume.
- Claims review and verification: several weeks.
- Final approval by the court: may take additional weeks.
- Distribution of funds: mailed checks or electronic payments depending on the settlement terms.
Keep an eye on the settlement website for updates. The administrator should post a distribution schedule and FAQs.
What if you disagree with a decision
The settlement typically allows an appeal or dispute process. Instructions on how to challenge a denial will be on the settlement website or in the mailed denial notice.
Tax and other practical considerations
Most small class action payments are considered non-taxable compensatory damages, but tax treatment can vary. Keep records and consider consulting a tax professional if the amount is large or if you receive additional tax forms from the administrator.
Practical tips:
- Save a copy of your claim confirmation and any correspondence.
- Watch for scams: official notices come from the settlement administrator or the court; never pay to file a claim.
- Update contact information with the claims administrator if you move.
Example: Small case study
Maria used Cash App for personal transfers between 2019 and 2021. She received a mailed notice about the settlement and confirmed her transactions fell within the claim dates. She completed the online claim form, attached a screenshot of a relevant transaction, and submitted it before the deadline.
Three months after the deadline, Maria received a confirmation email that her claim was approved and a direct deposit of $147 arrived in her bank account a few weeks later. She kept her confirmation email and a copy of the deposit for her records.
Common questions and quick answers
- How long will the process take? Estimates range from a few months to a year after the claim deadline.
- Do I need a lawyer? Not to file a claim. The class has counsel who represent all members; individual lawyers aren’t necessary unless you plan to object or opt out.
- Can I opt out? The notice will explain your opt-out rights and deadlines if you prefer to pursue separate legal action.
Final checklist before you file a claim
- Confirm you are in the class and check the claim deadline.
- Collect required documents and transaction details.
- Submit a complete claim form online or by mail.
- Save confirmation and watch the settlement site for distribution updates.
Following the official instructions and meeting the deadline are the most important steps to secure a potential $147 payment from the Cash App class action. If you have doubts, consult the settlement website or a qualified consumer attorney for clarification.