Verizon customers may soon receive payments up to $100 each as part of a $100 million settlement in a class-action lawsuit over its monthly "Administrative and Telco Recovery Charge." However, Verizon plans to continue charging the fee and may raise it further.

The settlement comes after a lawsuit alleged Verizon failed to properly disclose the nature and basis of the administrative surcharge, which helps fund regulatory compliance, taxes, and network operation costs. The fee...