Definition, Meaning & Synonyms

store-credit

noun

stɔːr ˈkrɛdɪt

Definition

Store credit is a sum of money issued by a retail store that can be used by a customer to purchase goods from that store instead of receiving a cash refund.

Examples

If you return the shoes, you’ll receive store credit for your next purchase.
The store offered me store credit instead of a refund for the defective item.
She used her store credit to buy a new coat.

Meaning

When a customer returns an item, instead of getting cash back, they may receive store credit, which allows them to shop again at that store, often used as an incentive to keep customers coming back.