Terms and fees

SwagPay runs on test money for now. This is a plain summary of how it works, and it may change.

Fees

The person who posted the bill gets 100% of it. Whoever pays adds the fee on top, plus a boost if they want one.

Bill, to the person who posted it	$100.00
SwagPay fee, 1%	$1.00
Optional boost	$4.00
Payer pays	$105.00

The fee and any boost are SwagPay's revenue. They go to its treasury and refund pool.
The fee can change, but never above 10%, the limit set in the on-chain contract. The pay screen shows the current fee before you confirm, and if it rises after that, your payment fails and nothing moves.
Payers also cover the network fee, paid in BNB. It's usually a few cents, and a payment that swaps uses more. The pay screen shows an estimate, and your wallet shows the real figure before you sign.
The first time you pay in a coin, your wallet asks you to let SwagPay's contract use it. That stays on until you turn it off in your wallet. The contract can only take coins when you pay.
If you pay with another token, it's swapped in the same transaction, with a 0.25% swap fee to SwagPay's treasury. Paying in the coin the bill is in has no swap fee. The pay screen shows the swap fee, what you spend and about how much comes back. If the price moves too far, the payment fails and nothing moves.

Payers earn points: the bill amount plus any boost. Once matching campaigns arrive, matched bills will count double.
People posting bills earn a separate score once a bill has been paid: 0.3 times the bill amount during the alpha. Posting alone earns nothing.
Points come from the stablecoin the bill is paid in. Paying with another listed token still counts, because it's swapped first.
People posting bills are never ranked by money received.

Handle, avatar, bio	0 points
Link	100 points
Banner and theme	1,000 points
Tagline, video and button	10,000 points
Billboard: banner, tagline and link. Number one's video too	Top 3 on any board, while you hold the place

What points unlock stays unlocked, because points never go down. A billboard lasts as long as the place. The thresholds may change.

Paying bills earns payers ad space. That's your name on the stamp and the leaderboard, your profile, what your points unlock and, in the top 3, a billboard. Matching campaigns, gift credits and clans are coming.
Sponsor accounts are approved by a person and always labelled. A sponsor card counts only bills that sponsor really paid.
If you're new and arrive through a sponsor's link, your first payment names that sponsor in a public on-chain memo, and your later transactions count toward that sponsor's results.
Advertisers can't target people posting bills with loans, gambling or other predatory offers.
Links are limited to social sites, unless a person has approved the sponsor. An AI checks the words and images on profiles, and anything it isn't sure is safe is refused. Videos are links, so what's in them is up to the site they're on. Every bill and profile has a report button, and enough reports hide it until a person has looked.

Any type of bill can go up, and SwagPay doesn't ask you to prove it during the public alpha. You pay it first. Nobody has to pay you back, and a bill may never get paid.
You post in USD, up to $1,000,000, receive USDC or USDT and handle any conversion yourself.
You can add photos and one link to a public video or post on YouTube, TikTok, Vimeo, X or Instagram. Uploading clips directly is coming. All of it is public, so cover names, addresses and account numbers first. We remove location data from photos.
An AI checks photos. Sensitive ones stay hidden until someone taps to see them, illegal content is refused, and a photo it can't check doesn't go up. It can make mistakes both ways.
SwagPay doesn't check linked videos. They stay on the site they came from, under that site's rules. Anyone can report a bill.
You can have a bill pay out to a different BNB Chain address, such as an exchange's deposit address. It's public, and it can't be changed after posting. Getting it right is your responsibility, and so is whether that address or service can receive and credit the coin. SwagPay can't get a payment back.
You can have 10 open bills at a time, and delete an open bill and its photos whenever you like. A paid bill stays.
Reporting needs a wallet that has paid someone's bill. Bills reported from three different connections are hidden until a person has looked, and one a person has put back stays up.

SwagPay doesn't cash out for you. To get your coin into a bank account, send it from your wallet to an exchange, or a similar service that accepts crypto. Sending it needs a little BNB in your wallet for the network fee.
Check first. Open its deposit screen and confirm it lists your coin on BNB Chain. Not every service or country does, and sending on an unsupported network can lose your funds. Try a small amount first.
Their fees and rules apply. SwagPay isn't affiliated with them.

Your payment goes from your wallet to theirs in one BNB Chain transaction. SwagPay can't reverse it.
A bill can only be paid once.
SwagPay doesn't check bills, so a bill may not be what it says. Whether to pay is your call.

Your story and photos are public, and they're stored by SwagPay's hosting provider. To check photos, they're processed by an AI model.
To limit abuse, SwagPay counts requests per connection using a keyed hash of your IP address, cleared out regularly once the limit's time window ends. A report also stores a keyed hash of your IP address that's different for each bill.
To show people how far their ad reaches, SwagPay counts views, link clicks and video plays on profiles and ads, once per connection per day. It uses a keyed hash of your IP address, cleared out within days, and keeps only the totals. Only you can read yours, by signing with your wallet, and SwagPay can see them too.
Videos play from the site they're on, and only after you tap. The one exception is the leaderboard's number one: once a moderator has approved it, a YouTube video there plays by itself, muted, from YouTube's no-cookie player. That site's own rules and cookies then apply.
Only payment details and a bill's ID go on-chain. Bill details and photos never do.
Your name, your wallet address and what you've paid on SwagPay are public. SwagPay never asks for your home address or bank details.