Seller Terms of Service
Terms governing the listing, sale, and transfer of SDC credits through the TenYear Marketplace.
§ 01 ·Seller Agreement
By listing a System Development Charge (SDC) credit on the TenYear Marketplace ("Platform"), you agree to these Seller Terms of Service in addition to our general Terms of Service. These terms govern the sale and transfer of SDC credits through the Platform.
§ 02 ·Listing Accuracy
You represent and warrant that all information provided in your credit listing is accurate, complete, and not misleading. This includes:
- The face value and remaining value of the credit
- The issuing jurisdiction and fee type
- The issuance and expiration dates
- The authenticity of the city issuance letter
- Your legal right to sell or transfer the credit
Providing false or misleading information may result in removal of your listing, suspension of your account, and potential legal action.
§ 03 ·Transfer Obligations
Once a buyer agrees to your listed price or you accept an offer, and a Purchase & Sale Agreement (PSA) is fully executed by both parties, you are obligated to:
- Cooperate with the city to complete the credit transfer
- Respond to transfer-related requests from TenYear within 48 hours
- Not sell or encumber the credit to any third party during the transaction
- Provide any additional documentation reasonably requested by the city or TenYear
§ 04 ·Pricing and Fees
You set your credit's sale price by choosing a discount percentage from face value. TenYear may provide recommended pricing ranges based on market conditions but does not guarantee any particular sale price.
TenYear charges a platform fee that is split between buyer and seller. The seller portion is deducted from your proceeds at the time of payout. Current fee rates are displayed on our Pricing page and may be updated with 30 days notice.
§ 05 ·Payment and Payout
Buyer funds are held in escrow with Stripe (TenYear's payment processor) until the city approves the credit transfer. Once the city approves the transfer, the agreed price (less the seller platform fee) is released to your linked bank account via Stripe Connect. Payouts are typically processed within 5 business days of city approval, subject to Stripe's standard transfer windows.
To receive payouts, you must complete Stripe Connect onboarding through the Platform, including identity verification and bank account linking. Stripe's Connected-account terms govern the relationship between you and Stripe; TenYear does not custody seller funds.
§ 06 ·Anonymity
TenYear maintains seller anonymity on public listing pages. Your identity is not revealed to potential buyers until a transaction begins. You agree to conduct all buyer communication through the Platform's messaging system and not to attempt to circumvent the Platform by sharing direct contact information.
§ 07 ·Cancellation
You may withdraw a listing at any time before a buyer commits to purchase. Once a PSA is generated, cancellation is subject to the terms of the PSA. Repeated cancellations after PSA generation may result in account restrictions.
§ 08 ·Disputes
In the event of a dispute between buyer and seller, TenYear will mediate in good faith. Escrow funds will be held until the dispute is resolved. TenYear's decision on disputes regarding the Platform is final and binding.
§ 09 ·Contact
For questions about these Seller Terms, please contact us at legal@tenyear.app.