Unlock loyalty ROI insights with Omnivy and Voucherify – register now for expert tips and a free worksheet!
0
Days
0
Hours
0
Minutes
0
Seconds
Get it now
2024-10-03 12:00 am
2024-09-23 12:00 am
2024-09-18 12:00 am
2024-05-09 12:00 am
2024-03-18 12:00 am
2024-04-16 12:00 am
2024-04-14 12:00 am
2024-09-16 12:00 am
2024-06-25 12:00 am
2024-06-13 12:00 am
2024-06-17 12:00 am
2024-05-29 12:00 am

Store Credit Definition


Store credit is a type of refund offered by a store to a customer who returns an item not eligible for a cash refund that allows them to purchase something in that store up to the value of a returned product or service. Often this type of refund is offered to customers who attempt to return a product without a valid receipt.

Some stores also offer store credit as a refund option, besides cash. To incentivize this type of refund, you can give an extra -10% on items purchased with store credit. Another example of store credits is a store-only gift card that is issued and usable only at a specific store.

Are you wasting time and money on digital promotions?

It’s time for a change.