Automation
Automate your process. Reduce the time spent processing cards, calculating profit and loss, and mitigate fraud while doing so. Using Cardganize can save you significant time and money by automating many of the steps involved in properly buying and selling gift cards. Steps include:
- Research Brand of Card
- Build Customer Account
- Research Customer History / Risk Assessment
- Calculate Payout
- Purchase Card
- Complete Purchase Agreement
- Record Transaction
- Transfer Cards to Bulk Reseller
- Verify Sale of Card
- Calculate Profit & Loss / Analytics
With regulation add additional steps:
- Purchase Agreements / Property Declarations
- Thumb Print Collection
- Permanent Record Keeping
- Listing Transactions in Police Database
The automated vs. manual difference:
| Method | 10 Cards | 20 Cards | 45 Cards | 70 Cards |
| Manual Management | 1.58 hours | 3.2 hours | 6.4 hours | 9.92 hours |
| Cardganize Managed | 34 minutes | 48 minutes | 1.77 hours | 2.74 hours |
| Difference | 1 hour | 2.4 hours | 4.63 hours | 7.18 hours |
| Labor Saved Per Day ($15/hr) | $15 | $36 | $69 | $107 |
| Labor Saved Per Month ($15/hr) | $390 | $936 | $1,805 | $2,800 |
| Cardganize Cost Per Month | $150 | $152 | $341 | $531 |
| Savings Per Year* | 2880 | $9,396 | $17,568 | $27,228 |
| Profit Increase | 5.70% | 9.40% | 7.90% | 7.90% |
Managing 10 Cards Manually
| 150 sec | Verify that brand of gift card can be purchased |
| 150 sec | Verify the value of the gift card is under the max limit accepted |
| 300 sec | Look up customer history for any previous debts (spreadsheet) |
| 600 sec | Manual risk assessment; decide based on customer history if card brand/value is within acceptable parameters |
| 600 sec | Balance check card |
| 300 sec | Make a copy of customer ID and card being sold |
| 300 sec | Verify payout percentage and manually calculate payout with calculator |
| 600 sec | Enter card information on spreadsheet |
| 600 sec | Upload card manually to bulk reseller |
| 1200 sec | Enter transaction into police database |
| 300 sec | Record card as uploaded successfully |
| 600 sec | Verify payment of card, record as being sold |
| 1200 sec | Calculate percentage of profit or loss for card |
| Total Time: 1 hour and 55 minutes | |
Managing 10 Cards with Cardganize
| 50 sec | Verify that brand of gift card can be purchased |
| 50 sec | Verify the value of the gift card is under the max limit accepted |
| 100 sec | Look up customer history for any previous debts (spreadsheet) |
| 150 sec | Manual risk assessment; decide based on customer history if card brand/value is within acceptable parameters |
| 600sec | Balance check card |
| 150 sec | Record an image of card being sold |
| 300 sec | Record card information in Cardganize |
| 0 sec | Auto payout calculation |
| 600 sec | Upload card to bulk reseller |
| 0 sec | Enter transaction into police database |
| 5 sec | Record card as uploaded successfully |
| 5 sec | Verify payment of card, record as being sold |
| 5 sec | Calculate percentage of profit or loss for card |
| Total Time: 33 minutes and 35 seconds | |