What are PadSplit's income requirements?
Last updated September 30, 2024
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 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 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 not employed and/or unable to provide documentation, however, you will need to make an upfront payment to complete income verification. Members who select the upfront payment method may have a limited selection of rooms, depending on the city they are interested in. Please contact documents@padsplit.com to find out more about our upfront payment offers for your city.