Store credit (currency)

Store credit is a special currency that is only usable in a specific shop to purchase items or services only from that shop.

Description
Shops may grant store credit to customers who returned a product that isn't accepted for a refund. In these cases, the store credit amount is usually equal to the item or service's original price. In some cases, store credit is granted to customers that don't have a receipt for the item they are returning. Sometimes, shops also offer extra discounts on top of the store credit. Store credit is usually kept in the customers account. According to one source, store credit may also enhance brand loyalty. Keeping track of customers store credit is often done digitally, thus the customer will have an online account.