The Magento 2 Store Credit extension helps to reduce returns and increase revenue by offering store credit instead of refunds. Merchants can extend their return policy and provide longer return timeframes, offer merchandise credits and promotional credits, enhance customer retention and encourage clients to spend more.
The importance of a good return policy cannot be underestimated as it is a significant factor in a purchasing decision. The Magento 2 store credit functionality can help you attract new and keep existing customers, increase revenue and lower the number of Magento 2 refunds.
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