Magento 2 Store Credit & Refund Extension
Magento 2 Store Credit & Refund Extension allows the store owner to grant virtual credits to customers. Customers can use store credits to purchase the products.
- Loan credit to customers and let them use at checkout.
- Set minimum and maximum amount for credit usage.
- Grant store credits for specific countries.
- Customers can request credit.
- Manage virtual credits.
- REST API Available / GraphQL API Available.
- Hyvä Addon Available.
- Compatible with Hyvä Luma Checkout / Hyvä React Checkout / Hyvä Checkout.

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At traditional physical store where shoppers can purchase products without paying anything, and at the end of the month, they can settle their account by paying all money at once. This kind of traditional payment method offers flexible and convenient transactions on both hands. Integrating such a system in an online store helps you increase your sale and average order value.
Our extension lets the admin grant virtual credits to customers. Their customers can use those credits to purchase store products. This extension offers a flexible credit allocation system by which store owners can easily assign credit amounts to the customers' accounts. Moreover, customers can also request to store admin for credits from their account. The admin can see customers' requests from the backend and can approve if needed.
Benefits of Magento 2 Store Credit & Refund Extension
Enable the Extension for Specific Countries
The admin can enable the credit option for all the countries or only for the specific countries.
Let Customers Use Credit to Buy Products
Store admin can loan virtual credit to the customers. The shoppers can use it at the checkout page. Customers can also request the credit.
Credit Requests Management
Admin can manage the credit requests. Whenever any customer requests for the credit, the admin decides whether to accept or not.
Set Min & Max Order Limit for Credit Usage
The admin can set the minimum and maximum order value for the utilization of credits by his customers.
Customers Can Request for Credits
Shoppers can directly ask to store admin for crediting credits to their account.
Why Choose MageComp’s Magento 2 Store Credit & Refund Extension?
- Set custom payment title to display on store frontend.
- Allocate credit for all countries or specific countries.
- Set minimum and maximum amount for credits.
- Admin can directly assign credit amount to particular customer.
- Customer can purchase store products using virtual credits.
- Customers can ask for credit amounts.
- Store admin can approve or disapprove requests from shoppers.
Version 1.0.7 Date : 15-05-2025
- Compatible with Magento 2.4.8 version
Version 1.0.6 Date : 15-10-2024
- Added REST API and GraphQL API
- Compatible with Magento 2.4.7 version
Version 1.0.5 Date : 13-09-2023
- Compatible with Magento 2.4.6 version
- Minor bug fixing
Version 1.0.4 Date : 28-07-2022
- Compatible with the latest Magento 2.4.4 version
- Compatible with Magento Coding Standards
- Minor bug fixing
Version 1.0.3 Date : 12-11-2021
- Resolved Price Formatting issue
- Minor Bug Fixing
Version 1.0.2 Date : 28-02-2020
- Added Email Functionality for Admin to receive loan request
Version 1.0.1 Date : 11-10-2019
- Compatible with Magento 2.3.3 Latest Magento version