QB Issue Resolution:

I would set the gift card(s) up as checking accounts. Each returned item gives you a credit that you can deposit into the “checking account.” As you spend money from the gift card, write a check from the checking account. When the balance is 0, make the account inactive.

Resolution for Issue 'How do I record a vendor credit issued on two different gift cards ?' available: Yes (Solved).
Source: Intuit Community forum.

How do I record a vendor credit issued on two different gift cards ?: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

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