Why Did I Receive B Settlement Payment from Bumble?

 

Bumble B Settlement Payment

What is the B Settlement PayPal or Venmo Payment?

On March 4, 2021 many people received a mysterious B Settlement payment into their PayPal or Venmo account for $36.89 if you opted into the Bumble Boost settlement class-action lawsuit, which required you to give your contact information, including a method for electronic payment or to receive a paper check in the mail. If you received this payment, it is because you signed up for the class action settlement at some point, and it means that you used the Bumble app at some point in the past.

U.S. Magistrate Judge Nathanael M. Cousins gave Bumble and subscriber plaintiffs preliminary approval for a proposed class action settlement worth $22.5 million. Judge Cousins determined that, upon preliminary examination of the settlement terms, the deal appears "fair, reasonable, and adequate," agreeing with the plaintiffs' assertion that the recovery is an "excellent" outcome. (Source: TopClassActions.com)

As a result, PayPal or Venmo would have notified you around March 4, 2021 that you received payment from "B Settlement."

Notification from Paypal for B Settlement

Why did Bumble have a Class-Action Lawsuit against them?

It all has to do with the Bumble Boost subscription.

The class-action lawsuit alleges that Bumble's Terms & Conditions failed to notify subscribers of the legal right to cancel their Bumble Boost subscription and obtain a refund within three (3) business days of purchase in violation of certain consumer protection laws, that may apply to all of Bumble's Boost users nationwide. The case also alleges that for certain users in California, Bumble's auto-renewal practices violate California law. Bumble vigorously denies these allegations and does not admit fault.

There are two Settlement Agreement groups of people that are included in this Bumble class-action lawsuit:

1) The (New York) Nationwide Class includes all persons in the United States who purchased Bumble Boost at any time between November 13, 2014 and July 15, 2020. This is referred to as the "DSL Settlement Class" in the Settlement Agreement. Note: Anybody that qualified and signed up for just this B settlement agreement would have received $36.89 payment to their PayPal or Venmo account around March 4, 2021.

2) The California Class includes all persons who purchased Bumble Boost, within California, at any time between November 13, 2014 and July 15, 2020, and had their credit card, debit card, and/or a third-party payment account charged as part of Bumble's automatic renewal program or continuous service program. This is referred to as the "ARL Settlement Class" in the B Settlement Agreement. California class members would each have received a payment amount between $43 and $85.

If you are in both the Nationwide Class as well as the California Class, you will receive payments from both classes if you have made a valid claim. 

The deadline to file a claim was November 23, 2020.

What does the Bumble Boost Class Action Settlement Agreement Provide?

The Bumble Boost Subscription class-action settlements established a $22.5 million USD fund, which will be used to pay Settlement Class Members (described above) after deductions for amounts that the Court may approve for notice and administration of the Settlement attorney's fees and expenses and service awards for the Class Representatives.

Below is a chart of your legal rights in the Bumble Boost Class-Action Lawsuit:

Your Legal Rights to Submit a Claim against Bumble