Discover is a brand of credit cards issued primarily in the United States. Unlike some other major card brands, Discover issues its own cards. It processes payments through the Discover payment network.
Discover partners with various other payment networks across the globe, making it one of the most widely accepted card brands in the world today.
When Discover first launched, it disrupted the credit card industry by not charging an annual fee, offering a higher credit limit than those that were the norm at the time, and introducing cashback bonuses on purchases. These are perks that it still maintains today, making it an attractive card for consumers.
Traditionally, Discover cards have been relatively expensive for merchants to accept. While this is still true, the gap in fee rates between Discover and other major brands has narrowed. With more affordable rates and a steady level of popularity, accepting Discover cards could prove to be a good option for your business.
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