It is sometimes all too easy to forget that there are more bank cards than Visa and Mastercard. One such example is Diners Club, a popular bank card used for various leisure activities.
Diners Club started life in a rather quaint manner: with its founder forgetting to bring cash while eating at a restaurant. The company was the first independent credit card company and became very popular with travelers. It was an audience Diners Club leaned into, catering its business and offers to people who wished to live life to the fullest. The company has grown and now caters to over 45 million merchants in over 200+ countries. Its success also led to its acquisition by Discover in 2008.
As with most credit cards, the card is linked to your bank account. That way, all transactions to and from your Diners Club card will appear directly in your bank account. In terms of convenience, you cannot get much better than that. Card transaction times are also much better than standard bank transfers. Nowadays, Diners Club cards are issued by Mastercard. That means you can use them in any online casino that supports Mastercard transactions. In this article, we go over everything you need to know to use this payment method in online casinos.
What is Diners Club?
Diners Club is a credit card with various extra features and benefits regular cards do not get. These cards are made with travelers in mind, which is why the cards offer airport lounge access, car rental discounts, and more. The company does not provide any specific benefits for online casinos. So why use Diners Club over other payment methods? Its primary advantage is its convenience, like all credit or debit cards. You do not need to keep track of an e-wallet account or the volatility of cryptocurrencies. Instead, you just use your card to pay as you do everywhere else.
Another upside to Diners Club is that you can use it for deposits and withdrawals. Withdrawn funds appear directly in your bank account rather than going through an intermediary service.
Diners Club Account
Diners Club is tied to your bank account, meaning you do not need a separate account to use it. You can use your bank app or e-banking to see your balance and authorize card transactions.
Company
Diners Club is the first independent credit card company established in 1950. Its owner, Frank McNamara, founded the company after being caught out without cash while dining in a restaurant. Diners Club is a subsidiary of Discover Financial Services and is headquartered in the United States. Its cards have a global reach, as they are accepted in over 200 countries.
With such a long history, Diners Club has had a lot of firsts. It was the first internationally accepted charge card all the way back in 1953. Furthermore, it became the first charge card in Russia in 1969 and in China in 1980. Diners Club also created the industry’s first reward program in 1984. In 2008, Discover acquired Diners Club International for $165 million. The acquisition allows the company to build a global cash network and massively expand its reach.
Facts
Payment Type
E-wallet
Headquarters
India
Launched
2017
Pros
Fast deposits
Registered to your bank account
All fees are known up-front
Quick withdrawals
Cons
Not all casinos accept Diners Club
How to Deposit with Diners Club?
If you ever deposited money using any debit or credit card, you will know what to expect. First, you must register an account in the online casino you want to play. After completing registration, you log into your account, go to the banking/cashier page, and select deposit. Then, pick Diners Club or credit card from the list of available payment methods.
The casino will ask you to enter your card information and how much you plan to deposit. You may also need to authorize the transaction by logging into your bank account or entering a code you received via your bank app or SMS. After the deposit clears, the card will transfer the funds to your casino balance.
How to Withdraw with Diners Club?
Withdrawing money works similarly to deposits. Log into your account, go to the cashier page, and select withdrawals. Once again, you select either Diners Club or credit card and enter your card information. You must also set how much money you plan to withdraw from your account. If everything goes well, the cashing-out procedure should go off without a hitch.
Deposits using Diners Club cards are close to instant, while withdrawals usually take several days. As with most credit cards, there are no fees for using the card. Instead, you pay a monthly membership fee to your bank for using the credit card.
Security
Diners Club cards use the same security seen in other bank cards. Because of that, they offer a secure way to directly transfer funds from your bank to an online casino and vice versa.