If an individual is a United States resident and currently have or previously had a Verizon postpaid wireless plan then they can get a maximum of $100.00 as a Verizon Settlement Payout through a paper check or via direct deposit into their bank account.
The settlement’s payout distribution process already started from January 06, 2025. To receive the settlement amount on time, interested individuals need to fulfill the eligibility requirements and submit a valid claim form before the claim submission deadline of April 15, 2024.
Verizon Settlement Payout
In this settlement, it is alleged that Verizon has charged Administrative Charge as well as Administrative and Telco Recovery Charge (both as an Administrative Charge) on a monthly basis from those Verizon United State’s customers who bought postpaid wireless plans from them.
The customer also alleged that this type of monthly charge was unfair and was not disclosed clearly. Verizon has denied all the allegations but agreed to pay a maximum of $100 million as settlement funds. Verizon Settlement already received final approval from the court on April 26, 2024.
After that appeal resolving process began after filing an appeal on May 4, 2024, on September 20, 2024, the additional appeal was withdrawn. Now the settlement payout distribution process has begun from January 6, 2025 and it is expected that all qualifying individuals will receive the settlement funds within a few days.
Who is eligible for Verizon Settlement Payout?
To receive the Verizon settlement payout amount individuals need to satisfy the below listed eligibility requirements.
- To qualify, claimants need to be a permanent resident of the United States.
- Candidates need to be present or past consumer account holders who purchased postpaid wireless or data services plans from Verizon.
- Individuals must pay an Administrative Charge or an Administrative and Telco Recovery Charge within a specific time limit.
- The Administrative Charges need to be charged or paid from applicants between 01 January, 2016 to 08 November, 2023.
- To qualify, applicants need to receive a notice of this settlement through mail or via email.
- Interested individuals need to submit a valid claim form before the claim submission deadline of 15 April 2024.
How much you can receive from Verizon Settlement Payout?
The Verizon officials agreed to pay a maximum of $100 million to resolve the settlement’s allegations. The settlement funds will be utilized to pay attorneys fees or expenses, class representatives services award, notice and settlement administration expenses, and to pay the settlement funds to the qualifying individuals.
Individuals who submitted their claim form before the claim submission deadline of 15 April 2024 can receive a maximum of $100.00 directly into their bank account or through a check by mail.
Qualifying individuals can receive an initial minimum amount of $15 will be issued for every applicant’s account, and an additional $1 monthly into their account that was submitted to be charged and paid an Administrative Charge and/or an Administrative and Telco Recovery Charge in a settlement class period.
It is important to know that the exact Verizon Settlement per payout amount will be different or may be less than the expected amount. The exact settlement payout amount depends on how long claimants were a Verizon subscriber and how many individuals filed claim forms for this settlement.
How can you get Verizon Settlement Payout in 2025?
The settlement payout amount is distributed through the payout receiving method that a qualifying individual selected while submitting a valid claim form for this settlement.
The available settlement funds receiving methods are through PayPal, Venmo, Zelle, Virtual Prepaid Card and through the Physical Checks by mail. The physical cheques settlement funds receiving method is slower than direct deposit settlement fund depositing method and often faces unexpected delays.
It is advised to you please select the direct deposit settlement fund receiving method while submitting your claim form for Verizon settlement or if you previously submitted your form then you can edit your settlement payout receiving method by visiting the official website.