Terms

01What Tessera is

You connect a card, and we look at it for recurring charges from companies on our shelf. When we find one, we pay you back a share of it in tokenized stock, on Solana. Tessera is not a broker, a bank, or an exchange, and nothing in the app is investment advice. Tessera is built on Solana and its token, $TESS, was launched on pump.fun; neither the Solana Foundation, pump.fun, nor the issuer of any stock token makes, runs or endorses Tessera.

02Who can use it

You must be old enough to enter a contract where you live, and the card you connect must be your own. To be paid in stock you must also be allowed to hold the stock token we pay in where you live. Its issuer does not offer it to US persons, and excludes residents of other countries too; each claim asks you to confirm you are not one of them, and we check where the claim was sent from. A claim we cannot pay in stock because of where you are is held, not paid. The list of countries we serve can change.

03Your wallet

Your stock is paid to a Solana wallet you control: the one created for you when you sign in, or one of your own that you link by signing a message. We never hold your keys and cannot move, freeze, or recover what is in it. If you lose access to the wallet, we cannot restore what was paid there. A payout sent to the wallet on your account is final once it is confirmed on Solana.

04The card you connect

We read the charges on it, and only the recurring ones from companies on the shelf reach us as a match. You can disconnect a card at any time; matches already paid are not undone. We may reject a charge that is a duplicate, a refund, or one we have reason to believe is not yours.

05What you are paid in

You are paid in one tokenized stock, the one named on the token page. The dollar amount is the company’s rate applied to the charge, converted at that stock’s share price when the payout is worked out. A $17.99 Netflix bill at 3% is about fifty-four cents, paid as whatever fraction of a share that buys at the time. The stock token is issued by a third party, on its own terms, and what it entitles you to is set by those terms, not by us.

Payouts come out of a treasury filled by the trading fees on $TESS. It pays only what it holds: approved claims wait in line, oldest first, until it can pay them, and we do not promise when that will be. The rate a company pays, and the shelf itself, can change at any time; a change applies to charges matched after it.

06What we do not promise

The stock you are paid in, and $TESS, both have market prices that move in both directions, and a token can fall to zero. $TESS is not stock, is not a share in Tessera, and gives no claim on the treasury or the fees that fill it. You are not a shareholder in any company on the shelf because you pay it. If the payout stock’s issuer freezes it, or pump.fun stops supporting the pair, trading in $TESS and payouts in that stock may be paused or stopped. We do not promise any value, any return, when a payout is made, or that a particular company stays on the shelf.

07Ending it

You can stop using Tessera whenever you like; what has already been paid to your wallet stays yours. We can close an account that abuses the matching process, and we can stop the service.

08Changes

We may update these terms. The date at the top says when they last changed.