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 |
Adding Credit Line Payment Gateway
Allowing customer to check the store credit as a payment gateway option |
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. |
Checking and Paying Store Credit
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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 |
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
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 | |
 | Positive 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
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- Credit Line extension – admin configuration
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- Credit Line extension – customer credit admin management
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- Credit Line extension – admin credit line orders
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- Credit Line extension – Credit Line Payment Option
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- Credit Line extension – customer account
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.
