How much is the Facebook settlement payout? Are payments PayPal, Venmo, Zelle, or check? – Bergen Record
Payouts for millions of Facebook users are being sent by check, PayPal, Venmo or Zelle over the next several weeks following the approval of a $725 million Facebook User Privacy Settlement.
Users who filed a claim in 2023 and who were eligible will receive emails from Facebook’s settlement administrator advising them of a “notice of upcoming settlement payment” or “payment notice.” These are legitimate, with payments arriving through cash apps or by check.
The Facebook settlement stems from multiple lawsuits alleging the social media company improperly shared their information to third-party sources, such as advertisers and data brokers. Lawsuits were sparked in the aftermath of the Cambridge Analytica scandal, the political ad marketing firm that was accused of scraping Facebook users’ data to target voters ahead of the election of President Trump in 2016. The company has since closed.
Meta, Facebook’s parent company, has denied any wrongdoing in the case, but agreed to settle to avoid trial, according to the settlement website.
Curious how much you’ll get, or why it went into your PayPal account? Or maybe haven’t gotten paid yet? Here’s everything to know
Eligible Facebook users can expect to receive on average $30, though the exact amount varies depending on how long a person had an active Facebook account between May 2007 and December 2022, according to court records. Some may see a maximum payment of around $38.36, per court documents.
Yes. People who have been approved for a Facebook payment will receive an email from “Facebook User Privacy Settlement Administrator.” The email address is donotreply@facebookuserprivacysettlement.com.
The subject of the email is: Facebook User Privacy Settlement – Payment Notice or Facebook User Privacy Settlement – Notice of Upcoming Settlement Payment. Be cautious of scams related to the settlement; The administrator will never ask for your Social Security number or request payment or fees to release your settlement money.
Anyone who lived in the U.S. and used Facebook between May 24, 2007 and Dec. 22, 2022 was eligible to be included in the settlement. Eligible users needed to file a claim in the lawsuit by Aug. 25, 2023 to receive a payment. If you were eligible, but did not file a claim, you will not receive a payment.
The Facebook claim administrator said the company started sending out payments in early September and would continue over 10 weeks. Those who were approved will receive an email notice three to four days before it is issued, according to an email send to recipients on Sept. 9.
When the Facebook claim form was filed, users chose how they would like to receive their payment, either through direct deposit with ACH, paper check, PayPal, Venmo, or Zelle.
Facebook agreed to settle the lawsuit for $725 million, with Facebook users receiving a portion of that, after eight of the settlement plaintiffs get paid, along with lawyers’ fees and administrative costs. A judge approved $120,000 for each plaintiff, over $180 million for the attorneys and nearly $4 million in other costs.
Lori Comstock is a New Jersey-based journalist with the Mid-Atlantic Connect Team.
source
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
Users who filed a claim in 2023 and who were eligible will receive emails from Facebook’s settlement administrator advising them of a “notice of upcoming settlement payment” or “payment notice.” These are legitimate, with payments arriving through cash apps or by check.
The Facebook settlement stems from multiple lawsuits alleging the social media company improperly shared their information to third-party sources, such as advertisers and data brokers. Lawsuits were sparked in the aftermath of the Cambridge Analytica scandal, the political ad marketing firm that was accused of scraping Facebook users’ data to target voters ahead of the election of President Trump in 2016. The company has since closed.
Meta, Facebook’s parent company, has denied any wrongdoing in the case, but agreed to settle to avoid trial, according to the settlement website.
Curious how much you’ll get, or why it went into your PayPal account? Or maybe haven’t gotten paid yet? Here’s everything to know
Eligible Facebook users can expect to receive on average $30, though the exact amount varies depending on how long a person had an active Facebook account between May 2007 and December 2022, according to court records. Some may see a maximum payment of around $38.36, per court documents.
Yes. People who have been approved for a Facebook payment will receive an email from “Facebook User Privacy Settlement Administrator.” The email address is donotreply@facebookuserprivacysettlement.com.
The subject of the email is: Facebook User Privacy Settlement – Payment Notice or Facebook User Privacy Settlement – Notice of Upcoming Settlement Payment. Be cautious of scams related to the settlement; The administrator will never ask for your Social Security number or request payment or fees to release your settlement money.
Anyone who lived in the U.S. and used Facebook between May 24, 2007 and Dec. 22, 2022 was eligible to be included in the settlement. Eligible users needed to file a claim in the lawsuit by Aug. 25, 2023 to receive a payment. If you were eligible, but did not file a claim, you will not receive a payment.
The Facebook claim administrator said the company started sending out payments in early September and would continue over 10 weeks. Those who were approved will receive an email notice three to four days before it is issued, according to an email send to recipients on Sept. 9.
When the Facebook claim form was filed, users chose how they would like to receive their payment, either through direct deposit with ACH, paper check, PayPal, Venmo, or Zelle.
Facebook agreed to settle the lawsuit for $725 million, with Facebook users receiving a portion of that, after eight of the settlement plaintiffs get paid, along with lawyers’ fees and administrative costs. A judge approved $120,000 for each plaintiff, over $180 million for the attorneys and nearly $4 million in other costs.
Lori Comstock is a New Jersey-based journalist with the Mid-Atlantic Connect Team.
source
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
