I would like to implement something like,
If Customer/Visitor subscribe to newsletter than he will get discount worth 5.
How can i achieve this ? Need some guidance.
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You need to create a new customer group. When anyone subscribes newsletter than you need to add particular email address customer to this group
Create a cart price rule for created customer group
set Uses per Customer to 1 so anyone can able to use that discount for only once. give fixed amount discount of 5 in this rule