Verizon settlement payments go out to customers in measly amounts [CBS News]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: CBS News
Eligible customers had until April 15 to claim their share of the $100 million class-action settlement alleging customers who purchased postpaid wireless plans were charged administrative fees that the company had not advertised. Those affected were promised payouts of between $15 and $100. On Tuesday, however, customers reported receiving payments that were well below the settlement's minimum of $15. On social media sites including X, Verizon subscribers groused about measly sums they say the wireless provider had paid them. One customer posted a screenshot showing he'd been sent a prepaid Mastercard worth $2.37 as his Verizon Administrative settlement payment. Other social media users also reported receiving less than $15 , and far less than the maximum payout of $100. Payouts were determined based on the following formula: Each legitimate claimant was entitled to $15 per account, plus an additional $1 for each month they received postpaid wireless or data services from Veriz
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