Individuals who are eligible for the Verizon Administrative Settlement Payment and they have filed valid claim forms are receiving payout of the settlement. The distribution of settlement payout has been started from 6 January 2025 through various means including mail check or electronic transfer.
This settlement is distributing $15 among eligible claimants and additional $1 based on how long you have been overcharged, up to a maximum of $100. The payout can be late due to various administrative processing and payment delivery methods. You have to keep an eye on your payment chosen option and email to know about payment arrival.
Verizon Administrative Settlement Payment
The Verizon Administrative Settlement Payment has started to distribute a $100 million class action settlement from 6 January 2025. It means class members who have filed claim forms by the deadline of 15 April 2024 and are affected by this settlement are receiving payout of this settlement.
This class action was raised because Verizon charged unfair and inadequately disclosed monthly administrative fees to its customers. The allegations of this settlement include that Verizon did not accurately disclose these administrative fees, which ranged from 40 cents to $3.30 monthly per line and exceeded over time.
Verizon has not accepted any wrongdoing but they are distributing the settlement fund between qualifying claimants through various methods including physical checks, direct deposit, PayPal, Venmo, Zelle, virtual prepaid cards, etc. Qualifying individuals have to keep an eye on their payment chosen method to get their payout.
How much Verizon Administrative Settlement Payout is distributing?
The total settlement fund is $100 million and this fund is used to cover all eligible claims, administrative costs, attorneys’ fees, and other related expenses. There can be many per person payment affecting factors including how long you have been a customer of Verizon and number of claim forms.
The payout of this settlement for each claimant is $15 and an extra $1 for each month they were charged the administrative fees, up to a maximum of $100. This payment can be changed in case of a high number of claim forms. Those who have not received their payouts yet, are required to update their details if needed.
Who is eligible to receive payment from Verizon Administrative Settlement?
The eligibility criteria of this settlement is crucial to know so that you can easily verify your eligibility for payment.
- Individuals who have been charged the unfair administrative fee by Verizon under the class period of January 1, 2016, and November 8, 2023 are qualified for the settlement payout.
- Individuals who are current or former Verizon postpaid wireless customers are eligible for this settlement.
- Those who have filed valid claim forms by the deadline of 15 April 2024 and those who have not excluded themselves from settlement class by the deadline of 20 February 2024 are eligible for payment of Verizon Administrative Settlement.
How can I check the status of my Verizon Administrative Settlement Payout?
If you are worried about your portion of this settlement and want to know where your payout is, then the first and foremost method is to contact the settlement administrator to ask about your payment status. The contact details of the settlement administrator can be found on the official website.
Settlement administrator informs you about your payment arrival through email notification so you have to keep an eye on the official website and their mail to alert and update about upcoming details. It’s crucial to check your mail spam and junk folders because in some cases, emails are filtered there.
Why is my payment of Verizon Administrative Settlement late?
Although the payment distribution of Verizon Administrative Settlement has been started from 6 January, some claimants can face delays in their payouts due to various reasons. Some of these reasons are discussed below.
- Payment Calculation and Other Processing Delays: The payment calculation is the most tough stage of any settlement and in case of larger claim forms, it’s more difficult. One of the main reasons behind the delay is that the calculation of settlement funds for each claimant can take more time, especially in case of high volume of claims.
- Payment Distribution Method: The payment distribution method is another reason for late payment. If you have selected the digital payment method then there can be some technical problems which cause delay and if you have chosen mail method, then you can face delay because of extra delivery time requirement or any other disruptions.
My payment was only $6.07?