Store credit is a special currency that can only be used to make purchases from a specific retailer.
[1][2] It is often used by retailers when customers return a product in lieu of a cash or credit card refund, or when merchandise cannot be exchanged.
[3][2] The store credit amount is usually equal to the item's last sale price.
[2] In e-commerce, the store credit is accessed through the retailer's website.
[3] In recent years, retailers have introduced buyback and trade-in programs in which store credit is issued to customers in exchange for used goods.