diff --git a/src/pretix/control/templates/pretixcontrol/organizers/giftcard.html b/src/pretix/control/templates/pretixcontrol/organizers/giftcard.html
index 36bb6ba9d..551b5bea9 100644
--- a/src/pretix/control/templates/pretixcontrol/organizers/giftcard.html
+++ b/src/pretix/control/templates/pretixcontrol/organizers/giftcard.html
@@ -74,7 +74,7 @@
                                         <a href="{% url "control:event.order" event=t.order.event.slug organizer=t.order.event.organizer.slug code=t.order.code %}">
                                             {{ t.order.full_code }}
                                         </a>
-                                        {% if t.value > 0 and t.value <= card.value %}
+                                        {% if t.refund and t.value > 0 and t.value <= card.value %}
                                             <button type="submit" name="revert" value="{{ t.pk }}"
                                                     class="btn btn-default btn-xs" data-toggle="tooltip"
                                                     title="{% trans "Create a payment on the respective order that cancels out with this transaction. The order will then likely be overpaid." %}">