Terms
This is a demonstration site. It has no accounts, takes no payments and transmits nothing. What follows describes the intended product, and is a draft that has not been reviewed by a lawyer.
Where money moves
The product moves money only between BlackTax accounts. It does not send to a bank you nominate, and a person needs an account of their own to be listed.
A pledge is not a contract
What you promise a person is recorded so you can both see it. It creates no legal obligation to anyone, and changing it moves no money on its own.
Runs depend on funds being available
A scheduled run only pays if the pot can cover it. If it cannot, nobody on that run is paid short, and the run is retried rather than partly honoured.
Not a financial product, not yet
Nothing on this site is an offer of a financial product or a solicitation to open an account. There is nothing to open. There is only a description of what would exist.
What this site does today
It validates a form, shows you a success message, and writes an entry to your own browser’s local storage. Nothing leaves your device.
Changes to these terms
This is a draft for a product that has not launched. It will be rewritten, reviewed and dated before anything real depends on it.