Store Credit
Store credit is a type of credit that a retailer offers to customers, allowing them to use the value of returned items toward future purchases. Instead of receiving a cash refund, customers receive a credit amount that can be spent in the same store. This is often given when items are returned without a receipt or when the store has a specific return policy.
Store credit typically has no expiration date, but some retailers may impose restrictions on its use. It can be a convenient option for shoppers who frequently buy from the same store, as it encourages them to continue shopping there.