When will I get my first payout?
Lendtable replaces the earnings withheld by your employer to contribute to your ESPP during your offering periods. An offering period is the period of time in which your contributions are withheld and can happen between one and four times per year depending on your employer.
This means that we will not begin your payouts until we can confirm that you are enrolled in your next offering period and that offering period has begun. If you're contributing to your current offering period already, please reach out to our live chat support team so we can customize your start date!
How does Lendtable confirm that I am enrolled?
Before we can schedule your payouts, we’ll need to confirm your enrollment in your employer’s plan. Enrollment takes place during a limited period of time specified by your employer before each offering period. Don’t worry, we’ll remind you when your enrollment period is open!
At that time, you'll need to take a screenshot of your enrollment and upload that to your Lendtable Dashboard for review. Once we have confirmed your enrollment and your offering period has begun, your Lendtable Cash payouts will begin.
How often will I get paid?
Lendtable Cash payouts are on the 1st and the 15th (or the following business day) of each month and deposited directly to your linked bank account. Each month, you'll upload a paystub to confirm your contributions and release your next payouts.
Here are a few examples of how your offering period impacts your first payout date:
If your offering period starts on January 1st, You’ll receive your first Lendtable payout for ESPP service on January 1st.
Because each paystub upload is good for two payouts, you will automatically receive the next payout on January 15th. To guarantee on-time payouts for the next month, you must upload your next paystub on or before January 26th.
If your offering period starts on June 1st, You’ll receive your first Lendtable payout for ESPP service on June 1st.
Because each paystub upload is good for two payouts, you will automatically receive the next payout on June 15th. To guarantee on-time payouts for the next month, you must upload your next paystub on or before June 26th.
Are these payout dates guaranteed?
Payouts are guaranteed provided the $10 subscription fee has been paid and you have provided your most recent paystub that shows your correct deductions by your cutoff date.
When should I upload my paystub each month?
For ESPP service, we require a recent paystub to verify your deductions once per month. To guarantee on-time payouts for the entire month, you must upload a valid paystub on or before either the 26th or the 11th. Your cutoff date will depend on when we received your last paystub.
For example, if you provided a paystub on April 10th, your payouts will automatically be released for April 15th and May 1st. Your next paystub upload will be due on or before May 11th.
Prior to these dates each month, you will be prompted to upload a paystub to your dashboard so our team can verify your contributions and release your next payouts.
What happens if I miss an upload deadline?
To guarantee your payout release for the 1st, you must upload a valid paystub by the 26th of the previous month.
To guarantee your payout release for the 15th, you must upload a valid paystub by the 11th of that month.
If you miss one upload deadline, you can upload any time on or before the next deadline to receive both payouts on the following payout date.
For example, if you usually upload your paystub by the 26th of each month but miss the deadline, you can still upload your paystub before the 11th and receive both your delayed payout (originally scheduled for the 1st) as well as your regular payout on the 15th.
If you miss two upload deadlines in a row, an administrator will have to work with you directly to release your payouts. If this happens, please contact our team via live chat with details on your situation.