Difference Between Wallet and Reward Wallet
Updated 6 days ago
Your Zepio store has two types of wallets for customers - Wallet and Reward Wallet. Both have different purposes and usage limits.
What is Wallet?
- Wallet is like a prepaid balance for the customer.
- Amount in Wallet can be used 100% while placing any order.
- Example:
If a customer has ₹200 in their Wallet and places an order worth ₹300, they can use the full ₹200 from their Wallet and pay the remaining ₹100 via other payment methods.
What is Reward Wallet?
- Reward Wallet is used to credit cashback or rewards with limited usage per order.
- The admin sets how much a customer can use from Reward Wallet per order in Plugins > Rewards Points.
- Example:
If a customer has ₹100 in Reward Wallet but the admin has set a limit of ₹20 usage per order, then the customer can use only ₹20 for an order even if they have ₹100 balance.
Key Differences
| Feature | Wallet | Reward Wallet | | ----------- | ------ | ------------- | | Usage Limit | Can use 100% balance per order | Usage is limited as set by admin | | Purpose | Acts like prepaid store credit | Used for promotional rewards or cashback | | Control | Full usage freedom for customer | Admin controls maximum usage per order |
How Admin Can Credit or Debit Amount
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Login to your Zepio admin panel.
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From the left side menu, go to Dashboard > Customers.
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Click on the customer name you want to update.
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Navigate to:
- Wallet tab to credit or debit Wallet balance.
- Rewards tab to credit or debit Reward Wallet balance.
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Enter the amount to add or remove, select credit or debit as required.
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Click Update Wallet or Update Rewards to save changes.
Example for Better Understanding
Scenario:
- You run a promotion where customers get ₹50 cashback credited to Wallet and ₹50 scratch card reward credited to Reward Wallet.
Result:
- Customer can use full ₹50 from Wallet for any order.
- From Reward Wallet, if admin has set limit to ₹20 per order, they can use only ₹20 per order even if balance is ₹50.
Note
Using both Wallet and Reward Wallet wisely helps in offering better customer loyalty programs while keeping your promotional costs under control.