You can significantly improve financial relations with your customers by installing an appropriate Magento 2 store credit extension. Such modules simplify the way you work with customer bank accounts. As for your clients, they reduce the necessity to visit your Magento 2 store directly to return their order values. Consequently, you increase loyalty, and shoppers are motivated to come back to your store. Below, you can find a list of some of the most reliable store credit Magento 2 extensions. The post will be updated with new Magento 2 extensions as soon as they are available on Magento Marketplace.
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Amasty Store Credit & Refund for Magento 2 is a robust tool for implementing store credits system on an online store and using the in-store currency for product refunds. The extension automates the process of refunding to store credit when generating a credit memo, which significantly simplifies the admin routine.
At the same time, customers get an additional option to pay for their purchases due to the ability to spend credits from their balance. Customers can decide whether to cover the price of purchased products fully or partially and enter a store credit amount that they want to use at the checkout.
Besides spending store credits on orders, the Magento 2 store credits and refunds module allows customers to use the in-store currency for taxes and shipping. Besides, your clients can check their current credit balance and view details of all transactions performed using store credits right in their accounts.
As for the backend functionality of the Amasty Store Credit & Refund extension, Magento admins can view the credit history of each customer and change their balance by adding or subtracting a specified number of credits.
As for other features offered by the Amasty store credit extension for Magento 2, they include:
- No limitation on the number of store credits granted to a customer;
- Rewarding customers with credit points on special occasions or for performing various actions;
- Ability to adjust the refunded amount in the credit memo;
- Offline order refunds;
- Ability to use store credits when creating order in the backend;
- Automatic email notifications on credit balance updates sent to customers.
One of the earliest pioneers of store credit solutions among Magento 2 extensions is Store Credit & Refund by Mirasvit. The Magento 2 store credit module significantly simplifies most tasks related to credits and refunds. In case of default Magento 2, when a customer wants to return an item and receive money back, it is necessary to register the refund, pay transaction fees, and wait for the transaction to be complete. Both store owners and customers lose time and money in this situation. By installing the Mirasvit Store Credit & Refund Magento 2 extension, you can automate the refund and exchange procedure.
The Mirasvit Magento 2 store credit extension provides the following opportunities:
- Start a credit program;
- Save time and money by reducing the number of steps necessary for the money refund;
- Turn returns into new purchases;
- Create custom credits;
- Increase customer loyalty;
- Simplify the product exchange process (it is only necessary to pay the price difference);
- Use thank-you credits;
- Add store credit products that allow customers to refill their balance;
- Monitor all transactions with store credits on a separate grid in the backend;
- Analyze the efficiency of a credit program using in-built reports.
The Magento 2 store credit extension provides the ability to open a credit program for the Magento 2 store turning all returns and exchanges into credits. This process takes just seconds and saves your money since the credits are available for purchase only on your store.
Furthermore, the Magento 2 store credit module allows creating flexible earning rules that define which rewards customers get for making purchases on your store. Promotional rules can be set on a customer group basis, include various conditions based on product attributes, and have a specified earning strategy.
As a result, your website visitors get a better ecommerce experience, and you streamline the daily routine of your store admins. The ability to turn returns and exchanges into credits increases customers’ satisfaction from shopping on your store while saving everyone’s time and money.
You can get more information on the Mirasvit Store Credit & Refund extension for Magento 2 and 1 by clicking the link below:
We also want to draw your attention to the Magento 2 store credit extension offered by Aheadworks that provides similar features. Being a part of Small Business Kit, this module has a relatively low price and serves two main purposes: increases the loyalty of your customers and provides the ability to process refunds with in-store currency.
Store admins can make manual amendments to the credit balance of selected customers by specifying a credit value that should be added to the account or subtracted from it. This way, you streamline the returns and refunds process and motivates shoppers to make purchases on your store by providing them with an option to spend credits from their balance instead of real money.
With the Magento 2 store credit module, you can always inform visitors about the refund functionality of your ecommerce store right on the product page. The Aheadworks solution allows displaying a customer’s store credit balance at the top of the page, as well as show the product price discounted by available credit.
Besides, there are several improvements implemented in the customer account area. Your clients get a separate tab in their accounts where they can track all changes in their credit balance and subscribe to alerts on the balance updates. You can also subscribe customers to email notifications by default from the backend settings of the extension.
Moreover, it is possible to use credits from a customer’s balance when creating orders in the backend.
For further information (including backend configuration), check our review of the Aheadworks Magento 2 store credit extension.
Exto.io has a reliable Magento 2 store credit plugin in its portfolio as well, which provides some improvements to a standard customer account. Registered users get the ability to check their current store credit balance and see details of all transactions under the “My Store Credit” tab.
The store credit Magento 2 module also revamps the shopping cart page by adding extra information to the Order Summary section. It informs customers about the option to use credits from their balance to pay for the order and allows specifying the amount to spend.
Store managers can update the current customer balance manually. Note that you can both add or subtract the specified number of credit points.
Check our review for more information about this Magento 2 store credit extension, or go right to the official page of the module: