What we ship,
and how it works.

The rate was never the problem. Four percent of a $186 grocery run is $7.46 — a real number. Four percent of a $3.50 bottle of Coke is fourteen cents, and nobody in the beta scanned a fourteen-cent receipt twice. We were quietly teaching people that only big purchases counted, which is the opposite of the point.

The effect is concentrated entirely at the bottom of the range. A receipt under $125.00 now settles at the floor; above that, 4% takes over and the floor never binds again. In the beta data that is 61% of all approved receipts — coffee, lunch, a bottle of water, a single item at the till.

KO tokenized equities cleared on Robinhood Chain this week, so Coca-Cola bottler and vending receipts now match. It is a strange addition on paper — the average Coke receipt is $3.50 and settles at the $5 floor, which means Ownback pays out more than the receipt was worth. We shipped it anyway, because it is the clearest demonstration of the whole idea: the thing in your hand that was worth nothing is now worth 0.0631 KO.

One clarification people asked for immediately: a Coke bought inside a Walmart settles in WMT, not KO. Ownback matches the merchant that printed the paper, never the product on it. If Walmart's till printed it, Walmart is the brand.

The most common objection to Ownback is the right one: why would Walmart pay you 4% for a photo of your own receipt? They wouldn't, and they don't. There is no merchant rebate, no affiliate deal, no partnership on this page or behind it. Every brand named on this site is referenced the way a receipt references it — as the place the paper came from.

The money is a treasury funded by the $OWNBACK token. When a receipt clears, the treasury buys the tokenized equity on Robinhood Chain at that moment and delivers it to your wallet. Four steps, none of them involving the merchant:

This is also why there are ceilings. A rate with no cap makes treasury outflow a function of how large a receipt someone can find, which is unbounded. A rate with a $25 cap — $150 for holders — makes the worst case per receipt a known number, and the worst case per wallet per day a known number on top of that. Every limit in the rules exists to make that arithmetic finite.

The honest version of the risk: this works while the treasury holds. Ownback is early access, settlement is not switched on, and a token-funded treasury is exactly as durable as the token. We would rather say that here than have you infer it later.

People ask for an upload button because they photograph receipts already, or they want to clear a drawer of paper from last month. Both are reasonable. Both are also indistinguishable, to us, from a folder of receipts someone found, screenshotted, or generated.

When the reward is a loyalty point, a fake costs the issuer a fraction of a cent and the honest response is to allow uploads and eat the fraud. When the reward is stock, a fake is theft of a real security bought with real money. The economics invert, and so does the design.

So the camera is the check that runs before every other check. There is no file picker in the app — not hidden, not for holders, not for support tickets. A screenshot cannot be submitted because there is nowhere to submit it. Everything downstream — the confidence score, the screen-photo flag, the duplicate check across every wallet — is defending a surface that is already narrow.

The cost is real: your 90-day-old drawer of paper stays a drawer of paper, and receipts you already photographed are gone. We would rather lose those than settle one fake in AAPL.