Over 3.6 million devices are said to have been affected by the update and each class member will receive an estimated $3, reports 9to5Mac.
Thirty per cent of the settlement fund will go to the class counsel.
The lawsuit’s two class representatives, Christina Grace and Ken Potter, stand to gain up $7,500 each as an incentive award for their participation in the case.
To recall, FaceTime launched in 2010 as a first-party videoconferencing technology for iPhone.
The class-action lawsuit in California accused Apple of intentionally breaking FaceTime on iPhones running older versions of iOS.
According to the lawsuit, that breaking FaceTime in iOS 6 allowed Apple to save money because it would no longer need to support users who did not upgrade to iOS 7.
Apple originally agreed to reach a settlement deal back in February.
The Cupertino based tech giant was also hit with a similar class action in Florida which was dismissed by federal court.