4 Ways to Improve Your Gift Card Management

By Taylor Thomas, Founder & CEO of ArbitrageCard

September 23, 2024

If you’ve used discounted gift cards before, then you know that managing them can quickly become complicated. Here are some of the challenges gift card users face:

Keeping track of balances
Ensuring cards are fully used
Maintaining an organized inventory
Reconciling cards with orders and products

ArbitrageCard is equipped with multiple features designed to make gift card management easier and more efficient. If you haven’t explored these functionalities yet, now is a great time to discover how they can streamline your processes and enhance your experience.

Here, we’ll highlight four of our key features that can save you time and transform how you manage your gift cards.

Keeping Track of Balances
Marking Cards as Used
Our Intuitive Gift Card Dashboard
Barcode Generator for Retail Arbitrage

Whether you’re new to these tools or have been using them all along, we encourage you to take full advantage of what we offer to make your gift card management seamless and efficient.

I. Keeping Track of Balances

One of the most important aspects of gift card management is keeping track of balances. With ArbitrageCard, you can easily manage your gift card balances all in one place, eliminating the need to track balances via external methods such as spreadsheets. Each gift card includes a field where you can update the current balance.

By keeping this information up-to-date, you can have instant access to your gift card balances whenever you need it, helping you plan your spending more effectively and avoid unexpected shortages at checkout.

Updating your gift card balances on ArbitrageCard is straightforward:

Select the gift card you want to update
Enter the new balance
Save the changes

This centralized system reduces the risk of errors and ensures that your balance information is always accurate, making gift card management a hassle-free experience.

II. Marking Gift Cards as Used

Keeping track of which gift cards have been used is essential for maintaining an organized inventory. With ArbitrageCard, our “Move to Used” feature allows you to effortlessly separate used cards from unused ones, reducing clutter and improving efficiency.

When you mark a card as used, it automatically moves to a separate section within your account called “Used Gift Cards“. This organization helps you maintain a clear overview of your inventory, making it easy to find active cards and avoid accidentally trying to use expired or depleted ones.

Before moving a gift card to the “Used Gift Cards” section, it’s important to update the balance to $0 first. Once a card is in the “Used Gift Cards” section, you won’t be able to update the balance unless you move it back to the active section. This step ensures that your records are accurate and reflect the card’s actual status.

The “Mark as Used” feature keeps your gift card collection neat and easy to manage. By knowing which cards are active and which are used, you can quickly find the cards you need and avoid any mix-ups. This way, you can get the most out of your gift cards without the hassle.

III. Gift Card Dashboard

The Gift Card Dashboard is another one of our useful features, offering a comprehensive view of your gift card inventory. This dashboard presents your cards in a convenient table format—similar to a spreadsheet—allowing you to easily sort and filter your cards based on criteria like Balance, Order Number, or Store Name. This setup helps you stay organized and make informed decisions.

For those who like to dig deeper, the dashboard offers advanced functionalities like bulk actions on multiple cards, saving you time and effort when managing large inventories. You can see all your gift cards in one place and easily update their balances, helping you maintain an up-to-date record of your gift card status.

Additionally, you can export your gift card data in either Excel or CSV format. This option is perfect for those who want more control over their data, allowing for easy reporting and reconciliation. Whether you’re tracking a handful of gift cards or managing a large collection, the Gift Card Dashboard makes it easy to stay on top of your inventory and get the most out of your gift cards.

IV. Barcode Generator for Retail Arbitrage

If you’re into Retail Arbitrage, our Barcode Generator is a game-changer. When making purchases in-store, having a streamlined checkout process is crucial for maximizing efficiency.

Our Barcode Generator creates digital barcodes for your gift cards, allowing for easy scanning at cash registers. This feature eliminates the hassle of showing a cashier your gift card and having them manually enter a 16-digit gift card number. Instead, the cashier can simply scan the barcode that corresponds to your gift card number. While you still need to provide the four-digit PIN for each transaction, this process significantly reduces the workload for both you and the cashier.

The best part is, there’s nothing you need to do on your end to generate the barcode—they are already available for each gift card in your account. All you have to do is log in to your ArbitrageCard account in a mobile browser, pull up the My Gift Cards section, and show each barcode to the cashier for scanning. This system makes in-store purchases a breeze and helps you seamlessly integrate gift cards into your Retail Arbitrage strategy.

Conclusion

In summary, ArbitrageCard offers a suite of features that make gift card management simple and effective:

Keeping Track of Balances: Update and manage your gift card balances easily in one place.
Marking Cards as Used: Organize your gift cards by separating used cards from unused ones.
Gift Card Dashboard: Get a comprehensive view of your inventory and perform bulk actions with ease.
Barcode Generator for Retail Arbitrage: Streamline in-store purchases by scanning barcodes directly from your device.

These features are designed to save you time, reduce hassle, and enhance your overall experience with gift cards. By utilizing these tools, you can maximize the value of your gift cards and simplify the management process. We encourage you to explore these features on our platform and experience the benefits for yourself!