Facebook Settlement Payout – Here’s How Much Money You’ll Get

A federal judge in California has approved Facebook’s $725 million privacy settlement. Valid claimants may receive compensation by the end of 2023.

Facebook Settlement Payout – Here’s How Much Money You’ll Get

Capital One Settlement, Payment Date & Claim Due Date

Facebook Settlement Payout

US District Judge Vince Chhabria has greenlighted a $725 million Facebook data privacy settlement, giving a 90-day deadline for an appeal.

Users active between 2007 and 2022 can submit claims until August 25, the largest number of claims in US history.

The amount of individual compensation remains uncertain, depending on the number of claimants and the period of maintenance of their Facebook accounts.

How much amount will a person get under Facebook settlement?

As reported at Thursday’s court hearing, more than 28 million claims were filed before the August deadline, of which more than 17 million were provisionally verified.

Despite attorneys’ fees and administrative costs, the FB settlement amount remains substantial. Due to the large number of applicants, attorneys estimate an average payout of about $30.

Not everyone will receive the same amount, because the U.S. Payment for eligible Facebook users varies based on frequency and duration of use from May 2007 to December 2022.

The settlement of the class-action lawsuit with Facebook brought about 17.7 million valid claims from users, possibly the largest number of claims presented in a US class-action case, according to lawyers involved in the lawsuit.

How will I receive my Facebook settlement payout?

Claimants in the settlement of the Facebook class-action lawsuit had several options for receiving reimbursement, including Venmo, prepaid Mastercard, PayPal, Zelle, or a paper check sent to their address. The form specified on the claim application determines the method of reimbursement.

How to claim Facebook settlement?

To file a claim for the Facebook privacy settlement, users can visit https://facebookuserprivacysettlement.com/#submit-claim. They need to verify their Facebook activity between specified dates, confirm US residence, and provide personal details such as name, address, and email.

Facebook Settlement Payout

Information required to claim Facebook settlement payment

Basic details are requested in the claim:

  • Identify yourself
  • The address you provided
  • Your Phone Number 
  • Your email used on Facebook
  • From May 24, 2007, to December 22, 2022, if you were a resident of the United States
  • Necessary you used Facebook from May 24, 2007, to December 22, 2022
  • The time frame when you were a Facebook user, if you deleted your account during that time
  • Your preferred payment method, like Venmo, PayPal, or a Mastercard that has been pre-paid

What happens if the Facebook settlement claim is not paid?

The most compensation in the Facebook privacy settlement goes to users who have maintained their accounts for the longest period within the qualifying period. Even if you have closed your account during the settlement period, you are still eligible for compensation, although less than those who have kept their accounts continuously open. Users who have deleted their accounts and opened new accounts within the allowed time frame are encouraged to mention this for a possible increase in their payment. As Sullivan explained, to prevent scammers from being identified, the process of identifying fraudulent claims is kept confidential by the settlement administrator.

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