Store Credit for Magento 2
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  • magento2-solution-specialistx2
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Compatible Magento Version 2.1, 2.2, 2.3, 2.4

Store Credit For Magento 2

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.

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Magento 2.0.x - 2.4.X
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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.

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.
  • Click on it and generate your refund offline.

Also Read:- How To Configure Magento 2 Store Credit To Improve Customer Retention?

How Does Store Credit Magento 2 Extension Work?

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.

What is store credit in Magento 2?

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.

How do I get a refund on Magento 2?

Magento 2 store refund extension is exclusively made for the store owners who want to Automated refund system when the customer cancelled the order.

What can I do with store credit?

You can use your store credit at the time of order in the checkout page, and place the order easily.

Is store credit the same as gift card?

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.

How do I get store credits in Magento 2?
  • Install store credit Magento 2 in your store.
  • You can enable it from store --> Configuration --> MageAnts --> store credit.
  • You can set other configurations as per your need and requirement.
  • After opening any particular customer store credit amount.
  • Then go to frontend and add a product to the cart.
  • On the checkout page, you can apply store credit to deduct the amount from a cart.
  • You can easily place an order with store credit.
  • In case of a cancelled order, the customer can get the amount in the store credit account.
  • Allow customers to spend their store credits on a future purchase.

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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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