What is a Credit Voucher?
A Credit Voucher is a document issued by a seller or service provider that indicates a customer has a credit balance, usually due to a return, overpayment, or cancellation. It can be used as a substitute for a refund or as store credit, allowing the customer to apply the credited amount toward future purchases or services.
Credit vouchers are commonly used in retail, hospitality, travel, and customer service settings. For example, if a customer returns a product without a receipt, the store might issue a credit voucher instead of a cash refund.