Magento 2 Store Credit extension allows store owners to automate the store’s credits and refund process through virtual credits. Now customers can easily manage and redeem their store credit balance online or in-store to save time and money.
Magento 2 Store Credit is a powerful extension that enables store owners to have a store credit program for their website, which simplifies managing refunds or exchanges easily. Convert the order refund into revenue with virtual credits, which can redeem by customers in-store or balance online in their future purchases. This will simply be helpful in boosting sales revenue and creating new sales opportunities.
Key Features of Magento 2 Store Credit
Enable and disable module functionality
With the help of the Magento 2 Store Credit & Refund extension, store owners can configure a module, and it's functionality in the backend. Store owners can easily enable and disable the below functionality, as shown in the screenshot.
Enable/Disable automatic refund on a credit memo
Allow customers to apply store credit on Tax
Allow customers to apply store credit on the shipping amount
Easily send store credit balance updates in email to customers
Select particular action to send store credit email such as place an order, refund order, order cancellation
Easily add and subtract store credit
This awesome feature of Magento 2 store credit extension by MageAnts allows store owners to edit customer's credit balance from the backend, which can be visible to customers if the admin enables the same.
Store owners can add or subtract customers' credit balances by entering the specific amount and updating the balance. After the admin's configuration, the customer's total credit balance will be increased or decreased. For reference:
Enter “99.5” to add $99.5 and “-99.5” to subtract $99.5
Admin can check customer’s store credit history
Magento 2 Store Credit module enable the admin to quickly check the customer’s balance and store credit history. So, the backed admin can check the customer’s store credit history balance update and refund history.
Easy to check order invoice with store credit
With the help of Store Credit extension for Magento 2, customers and store owners can see store credit amount applied on order, and it will also be displayed in the order invoice. Follow the path to see order invoice: Sales > Orders > Particular Order Invoice. Refer screenshot for more details.
Customers can see store credit balance and refund history
It is easy for customers to check their remaining store credit balance and check the refund history for purchasing the new goods from your Magento store. Customers can see detailed information about store credit balance and refund history in My Account > Store Credit Tab
Customers can use store credit amount on the checkout page
If customers want to use their store credit amount while buying any products, then they can use it on the checkout page. At the same time, customers can apply store credit amounts by clicking on the "Apply Store Credit" button and cancel store credit amounts by clicking on the "Cancel Store Credit" button on the checkout page
Easy to display store credit amount in order credit memo
With the help of Magento 2 Store Credit extension, store owners can easily display the store credit amount applied to a specific order. Follow the below steps to achieve the same:
Sales > Orders > Particular Order Credit Memo
Users who want to make a refund request with the credit memo's store credit amount, they can enable the store credit option, as shown in the screenshot. And with this, you can generate Refund requests in Magento 2 with store credit amount partially or fully.
Notify buyers about their store credit balance
To motivate customers, the Store Credit & Refund for Magento 2 allows the store admins to notify the customers about their store credit balance updates via email. This way helps customers to update about their credit amount.
How to handle offline Magento 2 refund requests?
You can generate refund requests from the admin panel.
Go to orders from sales --> Order.
Open particular order to generate refund request.
At the top bar(Header), you can find the credit memo URL.
Click on it and open the refund request page.
Go to the particular refund section and confirm your refund shipping, adjustment, and fee.
This Store Credit module allows making your customers more satisfied with their shopping and enables store owners to get more orders. By installing this Magento 2 store credit, store owners can convert refunds into credits within a fraction and save their time. And yes, if your customer is satisfied with their purchase, they can use their credit to pay for the next purchase. So, one of the most beneficial features is that you can give the customer any amount of credit, and then they can utilize their credits all at the same time while ordering the product.
Full Features Of Magento 2 Store Credit Extension
Enable and Disable the module
Allow/Disallow refunding store credit products
Add custom store amount to enhance customer loyalty
Track customer’s refund and store credit amount
Notify customers about their store credit balance update
Allow/Disallow applying for store credit on tax
Allow/Disallow using for store credit on shipping
Enable/Disable store credit balance updates email
Select email template to send a notification
Select contact for reply
Add or subtract store credit values
Allow/Disallow customers to generate Magento 2 refund requests
Check store credit amount for specific order invoice
View, create customer’s credit transaction with the help of grid
Benefits of Store Credit Extension for Magento 2
Can use credits to buy products at a lower price
Enhance the shopping experience by using Store Credit & Refund for Magento 2
With the help of the store credit information, store owners can display credit on the checkout page, account page and admin order.
Customers can save time and money by ignoring several steps for the money refund process.
It helps to attract new customers, give them a reason to come back to your website and increase your sales and boost the ROI of your e-commerce business.
Easy for store managers to convert refunds into a new purchase with the MageAnts’ intuitive customer interface and simple admin interface.
Store owners can show care to their customers by keeping their time and money, and at the same time, they can appreciate them by offering some thank-you credits.
Now customers can manage their refund on their own with the help of the MageAnts Store Credit Magento 2.
Why Does Your Store Need Store Credit And Refund For Magento 2?
Store credit Magento 2 helps store owners to update credit balance quickly and at the same time, it encourages customers to place more orders. This extension enables store owners to enhance financial relations with customers and simplifies working with customers' bank accounts.
Store owners can manually update the current customer balance by adding or subtracting the specific number of credit points. It helps to offer a remarkable shopping experience to potential buyers so that customers can easily use the same credits to buy products on the website.
Who doesn’t like free gifts? Magento 2 Free Gift extension allows admin to offer free gifts to their customers with particular product purchases. Free gift products will automatically be added to the user’s cart and even customers can choose their gift on the cart page.
Boost sales with seamless gift card experiences of Magento 2 using the Gift Cards module. Sell gift cards as a separate product and drive more traffic to your website and even to physical stores if you have.
Sample Product for Magento 2 allows customers to order sample products for trial with restricted amounts and sizes before purchasing the actual product.
Magento 2 Store Credit is one of the best tool to build customer loyalty and turn refunds or exchanges into new purchases with the help of virtual store credits. Store credit is a value that you offer to the customers for any online purchase they make through your website and now wish to exchange or return.
No, they're not the same. A gift card is a type of prepaid debit card purchased by customers for others or themselves, and it is loaded with funds for future purchases. Store credit is issued to you when you return or exchange products to the store. Credits get added to your account and instead of a refund in cash, you will have to purchase something of those credits in future.
Current version number: 2.0.2 Date :- 15/05/2023 ************************************************************ Bug fixed ************************************************************ --> MageAnts team make extension compatible with latest magento 2.4.6 version.
Current version no - 2.0.1 Date - 15/11/2022 ************************************************************************* Coding Standard ************************************************************************* ==> MageAnts team makes this extension coding as per magento coding standard.
Current version no - 2.0.0 Date - 13/10/2020 ************************************************************************* New extension ************************************************************************* → MageAnts develop new Store Credit extension working fine in all Magento version.
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