Credits are short-term incentives we periodically give to shoppers. They lower the purchase price of eligible products and can entice shoppers to buy. You can decide if you’ll accept these in your store by setting a Maximum Allowed Discount (the maximum discount you’ll give all of your products during a promotion).
As you're deciding whether to accept these, keep in mind that about 90% of MoreCommerce merchants accept Credits.
Why? Because shoppers love to save. In fact, we’ve found that accepting Credits can boost your sales greatly.
To accept Credits, set your Maximum Allowed Discount anywhere from 20% to 70%. Your products won't always be discounted by the percentage you specify. They may be discounted less if the current promotion offers a lower discount.
Here’s how Credits work:
- Set your Maximum Allowed Discount. Let’s say you set it to 35%.
- A shopper buys something from you during a Credit promotion. Let's say the product she buys costs $20.
- The shopper saves $7 on the item's final purchase price since 35% of $20 is $7.
- Your commission is calculated on the post-Credits total of that sale.