Credit Slip

A credit slip is a document, either in hard copy or electronic format, that represents a credit, refund, or price adjustment to be credited to a cardholder account. Also known as a credit voucher, credit slips have monetary value that can be used as full or partial payment for goods or services, or other financial transactions.

Credit slips are issued when a merchant owes a customer money or credit for some circumstance, such as returned merchandise. The cardholder may wish the transaction amount returned to their payment card, or they may request store credit that can be put toward another purchase. Modern credit slips often take the form of a prepaid card that can be used in-store or on the merchant’s website.