B Settlement PayPal: Real Transaction. Long story short, the B Settlement Paypal (or Venmo) is real, not a scam. Why did you get it? It is a payment you received from the Bumble dating app, as a result of your claim submission last fall. The reason is named “B Settlement” rather than “Bumble Settlement” is for privacy reasons, as not everyone wants to be known for joining dating apps. Especially when paying for gold memberships, too.
Full Answer
What information can be included in a PayPal settlement report?
See PayPal Supported Currencies. Custom text set by the merchant with the transaction. Reserved exclusively for merchant use. In the Settlement Report, this field can include the unique ID of payments made with Mass Payment. TThe consumer’s account number generated by PayPal (encrypted hash of the PayPal account number).
How long does it take for transactions to settle?
Current transactions (those with today's date) are not settled until your processor settles them at the daily settlement time. Refer to settlement timesfor each processor. Transactions are posted to your merchant bank account 48 to 72 hours (typically) after being approved for settlement.
What is the settlement report?
The Settlement Report is for use by merchants or payment processing partner. This report gives merchants and processing partners detailed information about each transaction that affects the settlement of funds to their accounts.
What happens if a settlement does not occur on the day?
Settlement for a given transaction might not occur on the day you expect. This most commonly happens when the transaction misses the settlement cut off. When the settlement does occur, it will display the original transaction date and will appear in the settlement report of the day it is settled.
What is b Settlement?
The lawsuit is about claims that merchants paid excessive fees to accept Visa and Mastercard cards because Visa and Mastercard, individually, and together with their respective member banks, violated the antitrust laws.
What's B settlement on venmo?
The Federal Trade Commission has announced a settlement with Venmo, after allegations that the app misled customers and enabled fraud through lax security practices. Charges were first brought against Venmo in 2016 after reports of account hacks and other transaction fraud.
What is the Bumble boost settlement?
What does the Settlement provide? The Settlement establishes a $22.5 million fund, which will be used to pay Settlement Class Members after deductions for amounts that the Court may approve for notice and administration of the Settlement, attorneys' fees and expenses, and service awards for the Class Representatives.
Will Venmo refund money if scammed?
So you've sent the money to the scammer, and not to the owner of the credit card. When the owner files a fraud claim, Venmo will take the money from your account. If you send a transfer as requested, you'll be out the $100 sent to you and your $100 reimbursement. Savings Offer: Lower your bills in minutes!
What happens if you owe money to Venmo?
The fastest way to get your Venmo account reinstated is to use a debit card to pay back the amount owed. Paying with your bank is also an option, but keep in mind these payments can take a few days to process. In any case, once Venmo receives the funds to cover the failed payment, your account will be reinstated.
How much is Bumble settlement?
Bumble messaging discrimination class action settlement payments. Consumers report payments of $71.68 from a $1.3 million Bumble class action settlement. The settlement benefitted California Bumble users who used the app as a man interested in women between May 29, 2016, and July 1, 2021.
Is there really a lawsuit against Bumble?
Bumble Messaging Settlement If you used the Bumble Dating App between May 29, 2016, and July 1, 2021, and you identified as a man interested in women while residing in California, this lawsuit may affect your rights. UPDATE: Distribution of Settlement awards to timely, valid claims began on June 9, 2022.
How does Bumble boost work?
Bumble Boost, meanwhile, allows users to extend a match by 24 extra hours for each of their matches (free users are given one extension per day), giving them an extra day to respond if they just can't think of something to say. Unlimited swipes: People using Bumble for free are given a finite number of swipes per day.
Why did Venmo refund my money?
Payments may be refunded or reversed if: The payment was sent by Venmo by mistake. The funding transaction is declined or reversed. The payment is not authorized.
Can Venmo take money from your bank account?
As noted, a simple Venmo transaction from a user's bank account, debit card, or Venmo cash balance is free of charge. If a credit card is used to pay, Venmo charges the sender a 3% fee.
Can someone take back a Venmo payment?
You can only cancel a Venmo payment if you paid someone with an inactive account. If you paid the wrong person or the wrong amount, you can't cancel the payment, but you can request your money back. If the person you mistakenly paid doesn't send your money back, you can contact Venmo support for assistance.
How do I get money from my frozen Venmo account?
How Do You Unfreeze Your Venmo Account? You need to either use a debit card to pay back the owed amount or you can pay through your bank, which you should keep in mind, takes a few days to process transactions. You can also simply respond to the email that Venmo sent you informing you that your account had been frozen.
Why is Bumble Settlement called B Settlement?
The reason is named “B Settlement” rather than “ Bumble Settlement ” is for privacy reasons, as not everyone wants to be known for joining dating apps. Especially when paying for gold memberships, too.
Is your B settlement available on Venmo?
The content says: “Your B Settlement is now available on Venmo” – or PayPal. The difference was that on Venmo the text message doesn’t show the sender, while the PayPal one features the reason for this transaction.
Why is PayPal updating settlement?
Important: PayPal updated the settlement functionality to eliminate the occasional mismatch between the balance on your settlement report and the amount settled into your bank account. We are currently onboarding merchants to the updated settlement functionality. This section of the specification is only applicable to those merchants who have been onboarded to the updated settlement functionality. Please contact your account manager for more information.
Where is the settlement report on PayPal?
The Settlement Report is generated and put on PayPal's website or the Secure FTP server by no later than 12:00PM daily in the leading timezone of the reporting window. The report is available on the Secure FTP Server in the /ppreports/outgoingdirectory. See Access SFTP reports for instructions.
How many records can a PayPal report contain?
A report file can contain a maximum of 1 million records. If the report contains more than 1 million records, the report is split across multiple files. The report is also organized by section, where each section represents a single PayPal account. If you are not using PayPal Multiple Account Management, the report contains only a single section.
How long does a settlement report take to be available on PayPal?
The Settlement Report will be available via Paypal's website and the Secure FTP Server for 45 days after the date of its delivery to the Secure FTP Server.
What is the filename of the Settlement Report for a single account?
The filename of the Settlement Report for a single account follows this naming convention: STL-yyyymmdd. sequenceNumber.version.format
What happens when a transaction misses the settlement cut off?
When the settlement does occur, it will display the original transaction date and will appear in the settlement report of the day it is settled.
How many hours ahead of PST is the settlement report?
The Settlement Report reconciles to the Settlement Withdrawal for any time zone from Pacific Standard Time (PST, which is GMT minus seven hours or eight hours, depending on daylight savings time) to nine hours ahead of PST.
Immediate settlement
By default, PayPal transactions will be settled automatically by Trust Payments (typically within 24hrs). However, you can opt to settle a PayPal transaction immediately. This is achieved by including a settle status of “100” in the AUTH request.
Deferred settlement
By suspending a transaction (setting the settle status to “2”), you can defer settlement for up to 7 days. This can be achieved by either:
Partial settlement
You can opt to settle a lower amount than originally authorised. This can be achieved by performing a TRANSACTIONUPDATE request on a previously-authorised transaction and specifying a lower amount, providing it is still pending settlement.
This settlement is closed!
Please see what other class action settlements you might qualify to claim cash from in our Open Settlements directory!
228 Comments
SAme problem here, I was unaware I was breaking Rules with them, they held my money 180 days with nowarning just took my money for some kind of damages, Lawyer up and I willing to pay. Nail these people to the cross.
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Know Before You Begin
- You must be an approved merchant to use this report. Contact your PayPal account manager to request access to this report.
- This report is generated and placed on SFTP on a 24-hour basis. The report format is CSV (comma-separated value).
- Money amount fields are unsigned, with no currency symbol, decimal separator, or other pun…
- You must be an approved merchant to use this report. Contact your PayPal account manager to request access to this report.
- This report is generated and placed on SFTP on a 24-hour basis. The report format is CSV (comma-separated value).
- Money amount fields are unsigned, with no currency symbol, decimal separator, or other punctuation. Amounts should be interpreted by the debit or credit column to ensure that the right direction of...
- The character encoding of this report is UTF-8 (8-bit UCS/Unicode Transformation Format).
Schedule, Distribution, Archiving, and Versioning
- The Settlement Report is generated and put on PayPal's website or the SecureFTP server by no later than 12:00PM daily in the leading timezone of the reporting window.The report is available on the Secure FTP Server in the/ppreports/outgoingdirectory. See Access SFTP reportsfor instructions.
Retention
- The Settlement Report will be available via Paypal's website and the Secure FTP Server for 45 days after the date of its delivery to the Secure FTP Server.
Versioning
- In the future, the Settlement Report will be available in multiple versions. PayPal will communicate the creation of any new version and any deprecation of older versions. Users that wish to take advantage of new versions will be able to receive two versions of the same report concurrently for the purposes of testing and integration. Users can also receive nonconsecutive versions of the s…
Settlement Withdrawal and Effective Time Zones
- The Settlement Report reconciles to the Settlement Withdrawal for any time zone from PacificStandard Time (PST, which is GMT minus seven hours or eight hours, depending on daylightsavings time) to nine hours ahead of PST.
Operational Notification and Monitoring
- Around-the-clock every day of the year, PayPal operationally monitors the generation and delivery of the Settlement Report. PayPal notifies merchant-specified users of the following:
Report Format
- The user must choose the desired format for the report. The Settlement Report is availablein two formats: 1. Comma-separated value (CSV): Opens or saves the report in CSV file format, where the data is separated by the comma character and records/rows are separated by new lines. 2. Tab-delimited (TAB): Opens and saves the report in .TAB format, where data is separated by a tab.
File Structure
- The report can be delivered as either a comma-separated values or tab-delimited file. This section describes the structure of the data file. A report file can contain a maximum of 1 million records. If the report contains more than 1 million records, the report is split across multiple files. The report is also organized by section, where each section represents a single PayPal account. If you are n…
Report Data
- This section details the columns and related data that is delivered in the report header, report footer, and report record count records.