What is store credit?

Store credit is a type of currency issued by a retail store or online shop that can be used as payment for purchases within the same store. Store credit is typically given as a refund for returned items instead of cash or credit card refunds.

Store credit can be in the form of a physical gift card, an electronic voucher, or simply a credit applied to the customer's account with the store. It usually has an expiration date and can only be used at the specific store that issued it.

Store credit is a popular option for retailers because it encourages customers to come back and make additional purchases. It also helps reduce the amount of cash or credit card refunds that a store has to process. Customers may also prefer store credit if they plan to shop at that store again in the future.

It is important for customers to read the terms and conditions of store credit carefully, as there may be restrictions on how and when it can be used.