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What are PadSplit's income requirements?

Last updated February 15, 2021

Your income must be verified as part of PadSplit's application process. Applicants may choose to have their income verified in one of two ways:

  • By connecting their bank account via Plaid. Plaid will automatically check your account for recurring income streams.
  • By uploading supporting documents such as pay stubs, bank statements, deposit statements or award letters.

 

When you pass our Membership criteria and your income is verified, you will be approved for a weekly room rate. 

  • W-2 or 1099 applicants will be approved for a weekly room rate equal to half their verified weekly income.
  • Applicants on SSI will be approved for a weekly room rate equal to 2/3 their weekly income. 

 

You can still qualify for Membership if you are on unemployment or between jobs, but you will need to pay more Membership dues upfront.

  • Applicants on unemployment will need to pay 8 weeks of membership dues up front and are limited to booking rooms with a weekly rate under $150.
  • Applicants who are between jobs will need to pay 12 weeks of membership dues up front and are limited to booking rooms with a weekly rate under $150.
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