Ring Home Security Settlement Payout

The Federal Trade Commission (FTC) will send the payout to the eligible customers for the Ring Home security settlement totaling more than $5.6 million. The article covers everything you wish to know about the Ring Home security settlement eligibility and claim.

In 2023, the FTC filed a lawsuit against the Amazon-owned Ring company claiming that the company has violated their customer’s privacy.

Ring provides home security cameras, FTC alleged that the company has failed to protect their customer accounts as they gave access to their customer’s private videos to contractors and employees making the system vulnerable to hackers.

The FTC also claims that the firm has used the customer’s video to train the computer’s algorithm without obtaining any permission from the customers. FTC stated such practices are a threat to consumer’s privacy. However, Ring disagreed with the claims and decided to go for settlement.

The agreement states that Ring will compensate the affected customers, delete all private videos, and they will establish a strong security program to ensure customer privacy. So, according to the settlement, the FTC would provide the Ring home security settlement payout to all eligible customers.

According to the recent FTC notice, the FTC is now sending 117,044 PayPal payouts to eligible customers.

Eligibility for the Ring home security settlement payout

The US citizens who are eligible for the Ring home security settlement payout must meet the following requirements to receive the payment:

Customers who have installed certain Ring devices at their premises, such as indoor camera stick-up cam or any indoor cam before 1 February 2018.

FTC has asked the defendant to provide them with the list of customers to issue the refund, they will also use the records related to the complaint against the defendant in the same context to make the list of eligible customers.

How much will you receive from the Ring home security settlement payout?

According to the reports, the Ring home security settlement payout amount depends on factors, such as the time you had a Ring customer’s account, the number of total eligible customers, the type of device you installed, and administrative costs.

Remember, no money will be deducted from the settlement amount of $5.6 million to cover FTC attorney’s fees as the FTC attorneys get a salary from the agency’s annual budget.

Customers can expect an average payment of $48 on the Ring home security settlement from a $5.6 million settlement. FTC will send the money through a paper check or PayPal.

According to the FTC stats, over the years more than 95% of the money collected from any settlements and refunds has been processed as customer refunds, so you can be assured most of the refund amount will be given to the affected customers.

Customers can check the number of recipients in their state and the amount they will receive on the payment map of FTC soon.

How to claim the Ring Home Security Settlement Payout?

The eligible customers don’t need to file any claim like the class action settlement. Generally, the FTC asked the defendants to provide the impacted customers list to them to proceed with refunds.

In this case, FTC has also asked Ring to provide the list of all the eligible customers with their contact information. The eligible customers must have already received the email about the Ring home security settlement claim on 22 April 2024.

FTC has issued the Ring home security settlement payout by check, prepaid debit card, and PayPal. Paypal payment customers need to accept the payment within 30 days from the date of issuance or the payment will return to FTC and finally will be gone to US treasury.

If you have any questions or queries regarding the Ring home security settlement payment or claim, you can contact the refund administrator, Rust Consulting at 1-833-637-4884.

Or you can head to the FTC official website of active refunds at https://www.ftc.gov/enforcement/refunds and check all the information related to Ring refunds.

Important Note: FTC does not need the customer’s sensitive details like bank account details or SSN to proceed with the refund, so if you ever receive such a message or notice it is a scam, immediately report it to the authorities.

FTC has started the Ring Refund process, so eligible customers will soon receive their paper check or may have already received the PayPal notification. Ring disagrees with the FTC’s claims, but to put the matter behind they have agreed to a settlement.

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Ring Home Security Settlement Payout – Eligibility, Amount, and How to Claim?