Store credit is value a customer can spend on a later purchase from a particular store. Shopify describes credit issued to a customer profile and applied at supported checkouts.[1] It is not freely withdrawable bank money and need not be usable through every sales channel operated by the business.
Explain its scope, balance tracking and conditions clearly. Account for partly used balances and returns of orders originally paid with credit. Offering store credit is not the same operation as refunding the original payment method. Separately check the refund rights and agreements applying to the particular situation.
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Compiled with AI assistance using public sources. General explanation, not individual legal or tax advice. Describing a concept does not mean Zoloo offers it as a feature.