Store Credit Line Extension for Magento 1 by CreativeMinds

Cminds >> Extension for Magento® 1 >> Store Credit Line Extension for Magento 1 | Credit Limit

Store Credit Line Extension for Magento 1 | Credit Limit

Our Magento Store Credit extension provides customers with an option to purchase using store credit and pay the balance manually or automatically.

Show more

Customers can check available credit and complete purchases using the store credit line.

Show less

Magento Store Credit Line for Magento 1

The Magento Store Credit Extension allows the store admin to provide a line of credit to their customers. Customers can check their available credit at any time, complete a purchase using the store credit line payment method, and pay the balance from their customer account.

Usually in B2B business, one of the essential aspects of purchasing is developing a store credit line, letting customers purchase goods up to the your approved credit line limit without any hassle, just place the order and get the goods.

Limiting Store Credit

The Admin can use the extension setting to set the general store credit for all customers, set credit line for a specific customer or for customer groups.

Admin setting screen for setting store credit for specific customer
Admin setting screen for setting store credit for specific customer

Adding Credit Line Payment Gateway

During checkout, if a customer has some store credit amount left they will see the store credit payment method as one of the available payments options.

Customers receive a notification with their balance and can pay their balance directly. The admin can also send manual notifications to customers to pay balance.

Allowing customer to check the store credit as a payment gateway option
Allowing customer to check the store credit as a payment gateway option

Checking and Paying Store Credit

Customer can pay their full credit balance at any time from a dashboard. The admin can also set monthly invoices or statements for customers to pay their balance.
Customer dashboard showing all used store credit and ability to pay for it
Customer dashboard showing all used store credit and ability to pay for it

Using the Credit Line Extension

  • Set a store credit line for customers – The admin can set a default store credit limit for all customers or for specific customers
  • Allow store credit for specific customer groups – Store admin can decide which customer groups are allowed to have a line of credit
  • Decide how to charge a specific customer and when – Admin can decide whether or not to charge customers using an automatic invoice sent to their email or by sending one manually
  • Disable credit method when there’s no balance – When setting store credit as 0, the store credit payment method will not be available for the customer
  • Customer dashboard – Customers can see their credit line account balance and their account purchase activity. Customers can also pay their balance at any time

Magento Credit Line Use Cases

  • Retail – Benefit loyal customers who often shop clothes, bags and accessories on your eCommerce by providing them credit
  • Beauty Products – Turno the refund requests of your lipsticks, skin creams and cosmetics into new purchases

Credit Line Related Products

True Edit Orders 2.0
M1 True Edit Orders
Quickly edit ANY information in Magento orders, without creating a duplicate order (the Magento default). Fixes issue that can cause many syncing problems between Magento, CSRs, fulfillment systems, credit card processing and accounting.
[ Video]  [ Userguide]
Custom Coupons Error Message Extension for Magento
M1 Custom Coupon Code Error Messages
A clever Magento® extension that allows you to easily create, track and display multiple custom error messages that explain to customers why coupons could not be applied to their shopping cart.
[ Video]  [ Userguide]
Custom Coupons Error Message Extension for Magento
M1 Custom Coupon Code Error Messages
A clever Magento® extension that allows you to easily create, track and display multiple custom error messages that explain to customers why coupons could not be applied to their shopping cart.
[ Video]  [ Userguide]

Magento Store Credit Extension Related Resources

Magento Store Credit Line Extension Features

Please check the user guide to learn more about this extension.

Universal Credit – Set a default store credit line for all customers
Happy emoji - Smile - Feature IconPositive Refund – Turn refunds into sales
Define Limit – Set a limit for each customer or group
Manual Invoice – Send manual invoices for an outstanding balance
Automatic Invoice – Set automatic invoices to be sent to customers periodically
Hide Credit – Hide payment option if credit is 0
Checkout Reminder – Customers can see their available credit during checkout
Customer Dashboard – Customers can see their balance and entire credit-related purchase history from their dashboard
“Pay Now” Option – Customers can pay their balance at any time

Magento Store Credit Line Extension Image Gallery

Magento Store Credit Line Extension Frequently Asked Questions

Do all customers have a credit line?

It’s possible for the admin to either assign lines of credit to site users according to User Groups in the Extension Configuration settings or else on an individual basis through the customer view.

To learn more about this feature see this Help article.

Can the admin send an invoice to pay an outstanding balance?

Yes. The admin can go to the customer account in the backend and send an invoice for payment of an outstanding creditline balance.

To learn more about this feature see this Help article.

What happens if a customer does not have enough credit left to complete a purchase?

In case the customer does not have enough credit they will not be able to purchase the product using the Credit Line payment method.

They will either need to top up their credit balance or choose a different method of payment if there is one available.

Can the admin set a monthly invoice sent to the customers to pay the outstanding balance?

Yes. The admin can set invoices to be sent once a month, based on an interval of a chosen number of days, not required or else to be sent manually.

To learn more about this feature see this Help article.

Is the credit line orders history available in the customer account?

Yes, customers can view their credit line use history from the Customer dashboard. Admins are also capable of viewing the order history of All or specified customers from the Admin Dashboard for Credit Line purchases.

To learn more about this feature see this Help article.

Magento Store Credit Line Extension Release Notes

Ver 0.1.7 Release 10th Mar 2019

  • Fixed not sending manually emails;
  • Fixed bug in the order id renderer;
  • Updated grid to show the incremental order id;
  • Fixed bug not call numberdays method if reminder is manually call from admin panel;
  • Added order url in order grid if creditline was paid by customer;

Ver 0.1.6 Release 30th Nov 2017

  • New Attribute Credit Term – Number of days before due date for repayment.
  • New Reminders system, Admin can decide days of Term in which customer will receive email messages with reminder to clear Credit Balance.
  • Admin can repay manually any customer’s credit line.

Credit Line Extension Release 20th April 2017