If you used a credit or debit card to make purchases at Ikea between October 2017 and December 2019, you may be eligible to receive a portion of a $24 million settlement. The settlement is a result of a class-action lawsuit against Ikea, which accused the company of printing more than the last five digits of customers’ credit and debit card numbers on receipts, in violation of the Fair and Accurate Credit Transactions Act (FACTA).
Affected parties were provided with a printed receipt displaying the first six and last four digits of their card number in connection with the transaction. If the court approves the settlement, those who file a claim will receive a payment after any appeals are resolved, with estimated payouts ranging from $30 to $60.
The deadline to file a claim form is May 4, 2022, and by doing so, you waive your right to sue Ikea in connection to the case. It is also possible to opt-out or object to the settlement. Despite agreeing to the settlement and payout, Ikea has not admitted to any wrongdoing. The settlement has preliminary approval as of March 11, 2022, according to Classaction.org.