Did you receive a payout from the Capital One data breach class action settlement? Many are confused about the payout amounts and wondering if they got what they deserved. According to legal documents from the Capital One class action settlement, eligible claimants can expect a payout ranging from $25 to $100 per person, depending on the total number of claims filed and the amount of the settlement fund.
This article will educate you on several issues that have to do with the settlement.
What is Capital One Class Action Settlement Payout Per Person?
In July 2019, a hacker gained unauthorized access to the personal information of 106 million Capital One Settlement credit card applicants and holders across the United States and Canada.
According to the Capital One data breach class action settlement website, capitalonesettlement.com/, emails from EpiqPay regarding class action settlement payments are authentic.
The settlement administrator first made payments on September 28, 2023, with a deadline of November 27, 2023.
Claimants are compensated for class action settlements through the digital payment platform EpiqPay.
To also receive a payout email, eligible individuals must submit a valid claim for missed time and/or out-of-pocket expenses by September 30, 2022, at the latest.
Who Is Eligible for Capital One Class Action Settlement Payout?
To be eligible for the capital one class action settlement payout per person, you had to be:
- A resident of the United States.
- If your personal information was accessed in the 2019 Capital One data breach, this includes your name, address, Social Security number, and bank account number.
- Not excluded from the settlement class. This included officers and directors of Capital One and Amazon, those involved in the lawsuit, and anyone who timely and validly opted out of the settlement.
- Filed a valid and timely claim by the deadline of September 30, 2022.
If you met all of these criteria and filed a claim before the deadline, you may have been eligible for a cash payment to cover out-of-pocket expenses and/or lost time related to the data breach.
Even though the payout window has closed, the breach and its consequences are still significant. You can find more information about the settlement and the data breach itself on the official website, capitalonesettlement.com.
How Individuals Can Claim a Capital One Settlement
Claimants must file a claim form using their unique ID and the PIN required for filing. The claim form must be completed in its entirety and submitted by November 27, 2023, the deadline. To back up your claim, submit the form along with any supporting documentation, such as bank statements, receipts, and invoices.
Customers who meet the claim’s eligibility requirements should click the “Claim Payment” link before the deadline specified in the email that epiqpay.com sent them. When you click the link, you will be taken to the payment dashboard, which includes a variety of payment options. For the system to process claims and make payments, claimants must select the preferred payment method.
Capital One Settlement Claim Form
Capital One settlement claim forms are required for qualified participants in class action lawsuits involving the banking institution. This form is the formal way for claimants to seek compensation for Capital One’s alleged unfair practices or wrongdoings.
The claim form, provided by the settlement administrator, requests contact, account, and grievance information from claimants. In these judicial actions, those seeking compensation must correctly complete and submit this form by the deadline.
What Will Happen to Unclaimed Digital Payments?
Unclaimed digital payments, such as refunds or transfers, are usually held in the recipient’s digital wallet or account until claimed. If they go unclaimed for an extended period of time, the service provider may impose terms and conditions, such as forfeiture or return, on the sender. The specific policies governing unclaimed digital payments may differ between payment platforms and services.
FAQs
Yes, Capital One class action settlement payment emails are legit. According to the Capital One data breach class action settlement website, EpiqPay is a digital payment platform that disburses class action settlement funds to claimants.
The deadline for claiming EpiqPay expired on November 27, 2023. Unclaimed digital payments will be issued as paper checks two to four weeks after the claim period has expired.
You are a Settlement Class Member if you are one of the approximately 98 million U.S. residents whose information was compromised in the Capital One Data Breach. If you received a notice, you are probably part of the Settlement Class. You can also confirm your Settlement Class membership and eligibility for benefits by calling 1-855-604-1811 (toll-free).
Conclusion
In July 2019, a hacker obtained unauthorized access to the personal information of 106 million Capital One credit card holders and applicants in the United States and Canada.
Several lawsuits were filed against Capital One on behalf of the affected customers. In 2022, a federal court in the United States approved a data breach class action settlement.
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