The Verizon Class Action Payment is essential for customers who have faced financial issues because of the fraudulent activities performed by the company. After the final hearing, people wait to receive compensation for the settlement amount of $100 million, which the court has approved.
Here, we have shared the complete information related to the settlement details and eligibility criteria, which will qualify the citizens to receive compensation.
Verizon Class Action Payment 2025
The settlement process is still ongoing. Members who have filed suit against the company can expect to be able to get the latest updates from the court on its official website. The Verizon Class Action Payment will begin on 6th January 2025, and customers who have faced the issues will receive the benefit of up to $50.
It entirely depends on the charges they incurred against them. However, customers need to consider eligibility criteria as a mandatory requirement to receive settlement compensation from the department.
Verizon Class Action Settlements Roll Out
Authority | Verizon Wireless |
Program Name | Verizon Class Action Payment |
Country | USA |
Amount | $100 million |
Payment Start Date | January 2025 |
Mode | Electronic transfer or check |
Category | Government Aid |
Official Website | https://www.verizonadministrativechargesettlement.com/ |
Verizon Class Action Payment Settlement Details
The high court of New Jersey approved the Verizon Class Action Payment Settlement in March. Still, due to the appeal, the settlement administrator has stopped the compensation distribution until the deal is resolved. As per the reports, the appeal against the Verizon Class Action Settlement was withdrawn on 20th September.
Now, the eligible customers who have filed a valid claim for the settlement before 15th April will get the benefit because the Department of Settlement administrator will start working on the distribution of compensation among eligible customers. The beneficiaries of settlement payout can expect to receive their compensation in early January 2025.
What is the Verizon Class Action Payment?
The Class Action has been filed against Verizon by their former and current customers, accusing the company that they have misled the customers into paying administrative charges. The company has advertised and deceptively presented the postpaid wireless plans, as they didn’t mention the administrative charges.
Due to this, customers who have bought the wireless postpaid plans have paid the charges more than they expected in the name of administrative charges. All these actions of the company resulted in filing a lawsuit against them.
Who will be eligible to get the Verizon Class Action Payment?
Customers who satisfy the eligibility criteria prepared by the department will be able to receive the Verizon Class Action Payment, which is also discussed below:
- Current & former customers who have purchased the wireless postpaid plans and have paid the extra fees as administrative charges during the class period of 1st January 2016 and 8th November 2023 are eligible.
- Customers who have met the requirements of class members and have filed the claim form for receiving the benefit of compensation.
- Customers who have valid documents, including slips, transaction receipts, and bank statements about paying charges, are also eligible for settlement.
Verizon Class Action Payment Amount
The high court has approved the $100 million Settlement fund, which can be used to settle the expenses, which are as follows:
- Attorney fees & expenses
- Class representative service awards
- Administration costs and expenses
After paying all these expenses, the department will get the net settlement fund, which can be distributed among claimants as compensation.
Claimants will receive a minimum of $15 for buying the postpaid wireless plan each month. The maximum compensation amount that authorities have distributed is $100 under various conditions.
How will you receive the Verizon Class Action Payment?
The payment method that claimants can use to receive the Verizon Class Action Payment from the administrator is as follows:
- Venmo
- Zelle
- PayPal
- Physical Check
- Virtual Prepaid Card
Thus, citizens who want to receive this Verizon Class Action Payment may get their payment using the different methods given above. To learn more about this settlement, citizens must follow the department’s official website.
FAQs
When can people expect to receive the settlement amount?
In early January 2025
Who will be eligible for Verizon Class Action payment?
Customers who have faced administrative charges between 1st January 20216 and 8th November 2023.
How can people receive the settlement amount payment?
Using the various payment methods mentioned above.