Magento store credit extension: Top 10 best ones to increase customer loyalty through refunds for your Magento stores

Magento store credit extension is a useful extension that allows the customers to use their store credit for future orders and hence get products at lower prices. Likewise, the shop owners don’t have to refund the amount and hence a win-win solution for the business as well as shoppers ! Presently, there are many store credit extensions on the market. And you are confused about chooseing the best one to upgrade your website. Arrowtheme will help you!

1. Store Credit & Refund by Amasty

Let’s start with the first store credit extension by Amasty. This extension promises to provide you with a lot of outstanding and helpful features. In detail, this extension helps you to convert returns into revenue by using store credits as a refund option. Besides, it enables keeping money in the store when refunding and thank shoppers for shopping in their store with credit. Through this, this extension helps to encourage the customers to buy more and more.

Key features:

Firstly, this extension provides store credits to motivate your customers to make new purchases
Besides, the admin is able to add custom store credit amount to enhance customers’ loyalty
Also, it enables customers to spend their store credits on the purchase
At last, it helps to quickly refund orders with store credits to boost sales

2. Store Credit by Mageplaza

Another extension we want to mention in the topic is “Store Credit” by Mageplaza. In fact, this extension can help you boost sales through many gateways. In detail, this extension permits you to create a restored amount in each client account. With this, your customers will use the store credit to pay for or purchase products at discounted prices. At the same time, the admin can reward, refund or cash back with store credit.

Key features:

It helps to motivate shopping behaviors by providing awards
Also, it enables editing customers’ credit balance
This extension also provides appealing price for credit products
Besides, it supports to send balance updates to customers’ mailbox
Allow customers to receive credit from refund order

3. Store Credit by Aitoc

Aitoc created a number of high-quality modules for Web development and one of these must be noticed is the Store Credit for Magento 2. To be more specific, this extension is designed to support shoppers in refunding and keeping more money in their accounts. Moreover, this module also permits the admin to refill and manage shoppers’ balances directly from the backend. Hence, your customers will stay in your store and buy over and over.

Key features:

It supports automatic refunds directly to the store credit
Besides, this tool helps your customers to acquire updates of credit balance
get access to the full transaction history
Track transparent credit movement

4. Store Credit for Magento 2

Coming to another powerful, well–functioning Store Credit for Magento 2. This extension allows your customer to buy the credit points and uses them in their shopping in the future. Moreover, the customers can also gift it to their friends who are registered on your website.

Key features:

Customers earn credit on multiple events
Supports multi-currency
Let customers spend their store credits on a future purchase
Keep a history of transactions done using credit in my account
Manage credit to be used per order from admin
Gift credit points to friends
Win user trust & loyalty by giving complementary credit points

5. Magento 2 Store Credit

If you want to increase your sales and boost the ROI, Store Credit might be the perfect solution for you. In detail, this extension helps your customers to save time and money and at the same time, they can appreciate them by providing some thank-you credits.

Besides, for some reason, shoppers ask for a refund, get their money back, and even turn away forever. The shop owners, on the other hand, feel daunting at sending back money earned. Say goodbye to such problems with Magento 2 Store Credit extension.

Key features:

Refund store credits to client’ accounts
Check detailed credit transactions
Permit customers to purchase with their store credits
Support customers with a visible page to keep track of their credit wallet
Operate well with both default and integrated payment methods: Paypal Express, Klarna, Braintree, and Stripe

6. Store Credit by Magetop

If you looking for a useful solution to reward your customer with store credits or you want to provide something special to repair your business’s relationship with an unsatisfied client? The Store Credit by Magetop is a perfect solution for you. With this module, your shoppers can make purchases on your website until the total value of the voucher is has been used or the voucher is expired.

Key features:

Enable your customers to make multiple purchases until the credit is exhausted or the coupon expires.
It can be used as a personal refund or compensation card in case there’s a problem with your product or service.
Sell Store Credit coupons to your customers for their own usage or as gift cards.
Send a unique Store Credit coupon to your customers by email.
Permit multiple purchases per coupon or limit its usage.

7. Store Credit by Plumrocket

The Magento 2 Store Credit extension helps to decrease returns and improve revenue by providing store credit instead of refunds. As a shop owner, you are able to extend their return policy and offer longer return timeframes and promotional credits. Hence, it helps to increase customer retention and encourages customers to spend more.

Key features:

Boost Sales With a Flexible Return Policy
Automated Refunds to Store Credit
Effortless Store Credit Management
Redeeming Store Credit is Eas

8. Store Credit by Landofcoder

Store Credit by Landofcoder is one of the famous extension in the market. This extension helps to increase customer loyalty and makes the process of purchasing and refunding more convenient and faster. By installing this extension, shoppers can pay for their orders & the shop owners can provide also store credits instead of cash refunds. Indeed, it is a helpful tool that significantly improves customer retention and motivates your customers to spend more by awarding promotional credit amounts.

Key features:

Offer REST API
Earn and purchase store credit with ease
Use the credit to pay for products anytime
Customers can decide how much to spend effortlessly
Spend credit on tax and shipping fees easily

9. Store Credit by MageAnts

This is one of the best Store Credit extensions out there. First of all, this extension allows store owners to automate their store credits and refund process with virtual credits and enables them to increase customer loyalty, sales and save time. Likewise, your shoppers can save time and money by removing several steps for the money refund process.

Key features:

Firstly, this extension allows to enable and disable module configurations easily
Secondly, it is easy for admin to check customer’s store credit history
Besides, this extension supports checking order invoice with a store credit
Also, the admin is able to include custom store amount
At last, the customers have the ability to check store credit amount on the checkout page

10. Store Credit by Meetanshi

The last Store Credit extension on our list is a product by Meetanshi. This module can greatly help you to increase customer engagement and boost sales. To be more specific, Magento 2 Store Credit extension automatically converts refund amounts to store credit which shoppers can use for future orders, hence enhance sales and customer retention.

Key features:

Convert refunds into new sales
Automatically refund in form of store credit
Backend grid to easily manage customers’ store credits

Each extension in our list has individual strong and weak points. For specific purposes, you can choose a suitable Magento store credit extension for your store. Looking for more effective tools to improve your Magento 2 store? Check out robust Magento 2 Extensions or Magento 2 Themes at our store