A tier is simply how much of your receipt comes back. Hold $RECEIPT and it stops being a percentage — the whole receipt comes back, up to your tier's cap, as real stock in the company you bought from.
Your wallet's $RECEIPT balance is valued in dollars. That dollar figure puts you on a rung. The higher the rung, the more of each receipt comes back and the more you can earn in a day. That is the whole idea — there is nothing to activate and no code to enter.
This is the part worth reading slowly, because a full match and a percentage are not the same shape.
Spend $50, get $50 back. The receipt cost you nothing — you just hold it as stock instead of cash.
The cap is the whole rule. A tier matches your receipt pound for pound until it hits that tier's per-receipt ceiling. Under the cap, you get everything back. Over it, you get the cap — a $30 receipt pays $30, a $400 receipt pays your ceiling, not $400.
Then a second limit applies: the daily cap. That is the most one wallet can be paid across a rolling 24 hours, however many receipts it scans. Both caps rise together as you move up the ladder, and both reset every day.
Why a cap at all? Every dollar matched is a real share bought on a real market with treasury funds. The caps are what make a full match sustainable rather than a promotion that ends.
Not points, not a stablecoin — tokenized stock in the company that sold you the thing. The brand on the receipt decides the stock.
Two rails, one rule. Robinhood Chain pays Robinhood's Stock Tokens; Solana pays Backed's xStocks for brands Robinhood Chain doesn't list. The caps and the tier are identical on both.
A tier is held for 24 hours from the moment it is reached. Selling does not drop it mid-day, and a price dip does not either — the way up is immediate, the way down is slow. When the day rolls over, the tier is whatever the balance is worth then.
Receipts in dollars, euros and Swedish kronor are read and converted at the day's rate before any cap applies, so a tier's limits mean the same amount everywhere.
Scan a receipt →Tiers are set by the ladder the server publishes, and this page reads it live — what is shown here is what the rule applies. Amounts are in US dollars. Rewards are tokenized stock: debt securities giving economic exposure to the share price, not ownership, not voting rights, and not an interest in the merchant. Nothing here is investment advice.