Loyalty engine

Phase 1 preview — all figures below come from placeholder data.

Not enabled

Closed-loop credit only

Store credit is redeemable exclusively for Acme Rewards’s own goods, is non-transferable between users and is never redeemable for cash or crypto. The merchant issues the credit and carries the liability; the platform only operates the ledger.

Members

Earn rate

2.00

Credit per 100 settled units

Outstanding liability

0.00 USD-e

Deferred revenue owed by the merchant

Per-user cap

250.00 USD-e

Credit expires after 365 days

Exemption checklist

All conditions must hold at once — EMD2 Art. 3(k), the FinCEN prepaid-access rule and most US state money-transmitter exemptions. Breaking one makes the credit an e-money instrument.

okRedeemable only for the issuing merchant’s own goods and services§13.6
okNon-transferable between users§13.1 rule 1
okNever redeemable for cash or crypto§13.1 rule 2
okEvery balance scoped to one immutable merchant_id§13.1 rule 3