LEGAL FRAMEWORK
Platform Credits Legal Terms
Rules governing SolrCredit, SolrBonus, and SolrPartner within the SolrMarket ecosystem.
SolrMarket is a marketplace intermediary only. SolrCredit and SolrBonus are closed-loop marketplace credits — non-withdrawable, non-transferable, non-redeemable for cash. SolrPartner balances are contractual marketplace settlements, not e-money or bank accounts.
1. System Architecture
Platform Credits System — the closed-loop marketplace credits framework encompassing SolrCredit and SolrBonus, usable exclusively within the SolrMarket ecosystem for approved marketplace activities.
Marketplace Settlements System — the contractual settlement and payout framework managing SolrPartner balances arising from approved marketplace activity.
2. SolrCredit — Definition & Rules
SolrCredit represents prepaid marketplace credits purchased or allocated for approved usage within the SolrMarket ecosystem.
Permitted Uses
- Lead purchases (Standard, Premium, Exclusive tiers)
- Subscriptions and featured listings
- Approved marketplace tools and services
Rules
- Closed-loop marketplace usage only
- Non-transferable between accounts
- Non-withdrawable — cannot be converted to cash
- Non-interest bearing
- Not an investment or financial product
- Not redeemable for cash except where required by applicable law
- Not usable outside the SolrMarket ecosystem
- No expiry on SolrCredit purchased with real funds
3. SolrBonus — Definition & Rules
SolrBonus represents promotional ecosystem credits issued for cashback campaigns, loyalty incentives, referral promotions, and marketing incentives.
Issuance Sources
- 60-day recharge matching (100% match, $200 per purchase cap, $500 total cap)
- 5% cashback on lead purchases (auto-credited after purchase)
- Founding member bonus (first 100 approved installers, 25% first purchase, $100 cap)
- Referral rewards on approved conversions
- Promotional campaigns (admin-issued only)
Rules
- Promotional use only — no cash value
- Non-withdrawable
- Non-transferable
- Expires 90 days from date of issuance
- Subject to activity unlock stages (5 stages)
- Usage cap: 50% for Standard/Premium; 25% for Exclusive; 0% for Bargain/Bundle
- May be revoked in cases of fraud, abuse, duplicate activity, or policy violations
4. SolrPartner — Definition & Rules
SolrPartner represents contractual marketplace settlement balances arising from approved marketplace activity including lead provider commissions, referral payouts, and affiliate commissions.
SolrPartner is NOT
- A bank account
- A payment platform credits
- Electronic money or stored monetary value
- A savings account or investment product
- A remittance service
Rules
- Payout-based marketplace settlements only
- No peer-to-peer transfers
- Settlements only to approved payout methods (bank transfer or mobile money)
- Subject to KYC identity verification
- Subject to anti-fraud review and compliance screening
- Subject to payout thresholds and settlement review procedures
- Processing time: 3 to 5 business days after approval
5. Compliance & AML
SolrMarket applies risk-based verification, sanctions screening, anti-money laundering controls, transaction monitoring, fraud prevention systems, and reserve management procedures to all platform credits and marketplace settlements.
SolrMarket reserves the right to suspend accounts, freeze balances, reverse credits, delay settlements, deny payouts, request additional verification, and investigate suspicious activity.
6. Jurisdiction & Tax
SolrMarket operates as a marketplace intermediary serving installers and lead providers across 55 nations in Africa and India, under applicable jurisdictional law. The availability of Platform Credits and Marketplace Settlements, including settlement methods and processing times, may vary by user jurisdiction.
Kenya VAT (16%) applies to SolrCredit purchases by installers tax-resident in Kenya, pursuant to the Kenya Finance Act 2023. Services rendered to installers tax-resident outside Kenya are treated as zero-rated exports of services. Indian users are responsible for GST obligations applicable under Indian tax law. All remaining jurisdictions are treated as zero-rated exports of services. Users are responsible for all locally applicable taxes, duties, and levies arising from their use of Platform Credits.
7. Amendments
SolrMarket reserves the right to amend these terms at any time. Continued use following notification constitutes acceptance. Questions: legal@solrmarket.ai