Facebook settlement: Amount of money you’ll get and timeline

Facebook users who have filed claims in Meta’s $725 million privacy settlement will soon be receiving their payouts. However, some recipients are uncertain about the legitimacy of the payment notifications they are receiving and whether they are scams. These settlement payments are a result of lawsuits accusing the social media giant of misusing user information. Eligible users who filed a claim more than two years ago are now getting emails confirming the approval of their claim form.

The legitimate email regarding the settlement payments informs recipients that the payments will be sent out in batches over a 10-week period. Eligible users who filed a claim will receive an additional email three to four days prior to the issuance of their payment. Attorney and author Danny Karon provided insight on how to distinguish between a legitimate email and a scam. He mentioned that legitimate emails contain court captions at the top, contact numbers for lawyers, and the claim’s administrator’s information as useful indicators of authenticity. It’s important to note that legitimate emails will not request Social Security Numbers, credit card details, or bank account information.

The class-action lawsuit stems from accusations against Facebook’s parent company, Meta, for allegedly allowing third parties like Cambridge Analytica to access private user data. Recipients of these settlement payments are beginning to receive payouts averaging around $30 based on how long they were active on Facebook. Those who filed a claim have already selected their preferred method of payment, including options like PayPal, Zelle, Venmo, a prepaid Mastercard, or a check in the mail.

While it is exciting to receive these payouts, individuals are advised to be cautious of fraudulent emails or texts requesting personal information or payment for receiving settlement awards. Attorney Danny Karon emphasized the prevalence of privacy schemes and phishing strategies online, urging recipients not to respond to such requests. Even if an individual does not qualify for a particular payout, Karon recommends filling out a claim form for any potential class action settlements to help maintain a fair marketplace.

For more information regarding the settlement payments, recipients are encouraged to visit the official Facebook settlement website. It is essential to stay informed and vigilant to avoid falling victim to scams. Remember, if you think you qualify for a class action settlement, it is crucial to submit a claim form. Stay safe and protect yourself from potential fraudulent activities.