The Discover Card is a credit and debit card primarily available to customers within the United States. Founded by Sears in 1985, the company has grown to include more than 60 million customers, making it the third largest brand of American-based credit cards.
You can do almost anything with one of these cards, including buying groceries, filling up your car with gas, or buying tickets to a hometown sporting event. For those who like to gamble, you may also be able to fund your accounts at Discover betting sites.
Unfortunately, American gamblers may be left out in the cold when it comes to using the Discover Card. U.S. banks and financial institutions are careful about following the rules set forth in the Unlawful Internet Gambling Enforcement Act of 2006, and this legislation primarily centers around monetary transactions for the purposes of online gaming. Customers in other parts of the world, however, should be able to use the card without any major hassles.
In the following article, we’ll be looking at the pros and cons of making deposits or withdrawals at Discover betting sites.
Why Choose Discover for Your Betting Site Deposits
The most consistent selling point with the Discover Card is their cash back offer. This means that for every purchase you make, a small percentage of the money is going to wind up back in your pocket. Each quarter, various categories of purchases are eligible for 5% cash back, while everything else counts towards a 1% rebate. Your cash back also never expires, so you can carry the balance for years and redeem it whenever you like.
If you’re concerned about fees, the Discover Card is always a good option. There’s no membership fee associated with owning a card, unlike American Express or Diners Club. In addition, there are no foreign transaction fees or over-limit fees.
High rollers may find the Discover card to be appealing, as it typically offers a higher credit limit than similar cards. When you sign up, there’s also a 0% introductory APR for 12 months on purchases and balance transfers. Afterwards, a standard variable APR of 10.99% to 22.99% applies.
For customers who have trouble paying their bill on time, this company is more forgiving than the competition. Most cards raise the APR on accounts that keep paying late, but Discover allows you to keep the same annual percentage rate.
If you’re like me, Internet security and fraud prevention is always a major concern, whether I’m using a Discover betting site or an online retailer. Discover offers a number of helpful features in these categories, including 0% fraud liability for the customer, the ability to freeze your account within seconds using a mobile app, and free overnight shipping when you need a replacement card.
Discover Betting Sites – What to Look for Before You Deposit
If a site is located within Europe, there’s a good chance that the Discover card might not be an option. It’s still worth looking at, though, as I’ve encountered a number of surprises over the years when checking to see what payment options are accepted by different gambling sites.
For those in a hurry, the fastest way to verify acceptance is to scroll down to the bottom of a sportsbook’s homepage. Usually the most notable options for deposits and withdrawals are listed at the bottom, although sites with more than a dozen options won’t have enough space to include them all.
If you want to approach it in a more efficient manner, forget about the homepage and go straight to the cashier. This section should list all the valid forms of deposits and withdrawals, although some sites with an inferior design may display this information elsewhere. The Discover Card is sometimes afforded its own unique entry, or it could be grouped together with other acceptable credit cards.
While you’re on the cashier page, it’s also a good idea to check for transaction fees associated with using the card. This should never be a problem with deposits, although the casino or financial institution might charge something for processing a withdrawal.
Finally, you need to read about the site before making a deposit. You wouldn’t walk up to a stranger on the street and hand them money, so why would you do it online? Read reviews and check gambling forums to get an idea of the site’s overall reputation.
How Do Other Betting Site Deposit Methods Compare to Discover?
When compared to other betting site options, this groundbreaking credit card often comes up short for two reasons. First, it’s mainly available to customers living in the United States. Second, most U.S. customers have a hard time signing up with online sportsbooks and casinos due to the 2006 passage of the Unlawful Internet Gambling Enforcement Act. If an American bank sees a pending transaction that’s coded as something to do with gambling, they’re likely to decline it without hesitation.
While the Discover Card is great in lots of situations, online gambling may not be one of them.