Discover is the third-largest US credit card issuer. The Discover network processes billions of transactions annually and is available in over 200 countries.
Discover is a massive financial services company based in the United States. Unlike other credit card companies, the company issues all Discover-brand credit cards through its Discover bank unit. The company was initially formed by Sears as an attempt to add financial services to its portfolio.
Discover would go independent in 1993, setting it on its current successful course. Today, the Discover global network has over 280 million active cardholders The credit card is linked to your Discover bank account, removing the need for a separate account registration. Instead, you can use your credit card to deposit and withdraw money from online casinos. Discover cards are the way to go if you value convenience and security.
Unfortunately, not all online casinos support paying with a Discover card. It is primarily available in online casinos from US states that have legalized online gambling. This article goes over how to use Discover cards and if they are worth your time.
What is Discover?
Discover is a brand of credit card issued by Discover Bank that uses its payment network. Furthermore, the company offers seven different credit cards, each with a unique reward structure. You can take advantage of cashback cards, secured cards, travel cards, gas and restaurant cards, and NHL credit cards.
The upside of Discover cards is their convenience. If you have an account with Discover Bank, you get the credit card without any extra steps. You do not have to register an account or worry about additional fees beyond using your card. You just pay with your card and go about your day.
You can use Discover cards to deposit and withdraw money from online casinos. Cashing out using Discover cards takes longer than e-wallets, but your funds land directly in your account balance.
Discover Account
You can only get a Discover card if you have a bank account with Discover Bank. You can oversee and authorize transactions through its app or e-banking.
Company
Discover got its start as a financial services department for Sears. The company’s initial name was the Dean Witter Financial Services Group and came about after Sears acquired and combined three companies. Unfortunately, the group was not as successful as Sears had hoped it would be.
In 1993, the company was sold to a new independent publicly traded company called Dean Witter, Discover & Co. Over the next few years, the company would merge with investment banking house Morgan Stanley and adopt its famous Discover Network logo. The merger would last until 2007 when Discover was spun off as an independent, publicly traded company.
Discover would continue its acquisition spree, allowing it to continue growing. It acquired Pulse in 2005, Diners Club in 2008, the Student Loan corporation in 2010, and the Home Loan Center in 2012. Because of that, Discover users can take advantage of various financial services alongside credit card payments.
Facts
Payment Type
Credit Card
Headquarters
United States
Launched
1985
Pros
No annual fee
Speedy deposits
Registered to your bank account
Fast withdrawals
Cons
You cannot use Discover cards in all online casinos
Discover card fees for balance transfers
How to Deposit with Discover?
Register an account in an online casino that supports Discover cards. Once you have an account, log into your account and open the cashier page. Select Discover in the deposit section and enter how much you want to deposit. You must also enter your bank card details to start the transaction.
You will need to authorize the transaction by either logging into your bank account or entering the code you received via the bank app or SMS. After completing the deposit, the funds appear in your casino balance and can be used to play games.
How to Withdraw with Discover?
To withdraw money, log into your casino account and open the banking page. Select withdrawal from the list and enter how much you plan to cash out. You will also need to enter your credit card details so the website knows where to send your funds. Once the transaction clears, the funds will appear directly on your bank balance.
You can use all Discover credit cards to deposit and withdraw money from online casinos.
Transfer Times and Fees
Depositing money using Discover cards is close to instant. As soon as the transaction is approved, the funds become available. Meanwhile, withdrawals usually take a few business days, with the funds directly arriving in your bank balance. Transactions with Discover cards come with varying fees depending on which credit card you are using.
Security
Discover uses the same security protocols as other bank cards to protect its users. You have to authorize each deposit with the card, which ensures you are the one making each transaction.