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In-store credit represents a liability on the part of a company (in most cases a "store") towards another party (usually a customer) that it will satisfy by transfer of assets other than cash (usually store inventory or services). One example would be a retail clothing store. If a customer returns some clothing, the store might give the customer in-store credit instead of cash. The store then has an obligation to provide the customer with more clothing of the same value as the returned goods.
Many stores maintain a return policy of in-store credit to limit their loss of revenue on returned items. If the cash is returned, in exchange for the returned goods, it effectively negates the original transaction. If store credit is given instead of cash, the store keeps the cash and simply exchanges one item of inventory for another.
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∙ 12y ago
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Does Costco give money back or store credit?
store credit only
How do you sell games to Gamestop?
yes, they do all you have to do is ask them that to trade this game for store credit and then you can buy some other game while using that store credit then you get the game because you used the store credit. (the store credit is money)
What does a store credit mean?
Store credit is applied to your name in a store in lieu of giving you cash. This means that the next time you purchase something at the store, you can apply the value of your store credit to reduce the price of your purchase.
Can you pay you credit card with store credit?
No
What is sent to a customer when he returns the goods?
- a refund check - a credit to the credit card used - a store credit redeemable only at that store
What is sent to the customer he he returns goods?
- a refund check - a credit to the credit card used - a store credit redeemable only at that store
Which game store gives money for old games?
Game Stop does, but it's better to get store credit because the value for store credit to money is better.
What does exchange mean on cex?
it means they sell it to you fr store credit, the price for exchange is the amount of store credit you would get
Does urban outfitters have a credit card?
No they do not offer a store credit card.
What should you do if the customer does not have a current backup?
store credit or employee credit
Where to pay goodys credit card online?
goodys credit card,is it a credit card are a line of credit at there department store
What does give exchange mean on 'cex'?
it means they sell it to you fr store credit, the price for exchange is the amount of store credit you would get
