Cash App offers $2500 compensation: How can you claim it?

Cash App users will be able to get a payment of up to $2,500 as part of compensation following a multi-million dollar settlement in a lawsuit.

Customers of this app alleged negligence on the part of Block, Inc. and Cash App Investing, for failure to comply with their obligations in terms of data security.

In addition, he made false statements regarding the aforementioned irregular situation to which users were subjected.

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The Cash App lawsuit

The lawsuit revealed a data security incident in 2022 and another in 2023, as well as alleged withdrawals and transfers of funds without the company’s authorization.

Another accusation that Cash App received is that it does not have the mechanisms or controls to prevent this type of unauthorized access to customer accounts.

Users who will receive the $2,500

Users who can claim compensation are those whose information was reported to have been accessed without permission, or if unauthorized withdrawals or transfers of funds were made.

To be eligible for payment, these types of operations must have an estimated date between August 23, 2018 and August 20, 2024.

Users must complete and submit a form before November 18, 2024, to claim the corresponding money.

Cash App Refund Types

Compensation will be reimbursed in three ways: for loss of money, which is the amount of $2,500; for loss of time, which will result in $25 per hour lost.

Users may submit a claim for reimbursement of lost time of up to three (3) hours at a rate of $25 per hour.

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Finally, for transaction losses, a copy of a notice to the Defendants and a copy of the police report proving what happened must be submitted.

Cash App is an application that can be used to send and receive transfers from other users, save money, make payments via QR code or with a card associated with your account.

With information from Diario AS

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