Yes, with WooCommerce Wallet Plugin, you can provide refunds to your customers. When a customer returns a product or cancels an order, you can put the refund amount back into the customer's wallet. This process is very simple and fast, allowing customers to get their money back quickly and easily. Also, it is a safe option for your store.

Check out more details at: https://webkul.com/blog/wordpress-woocommerce-wallet-system/