Discover Card Acceptance to Increase with New Partnership
Discover Financial Services announced today an agreement with credit card processor Global Payments Inc. that should lead to increased merchant acceptance of Discover cards. Global Payments will begin selling Discover Network card acceptance to merchants and it also will purchase the portion of Discover’s merchant portfolio for which it currently provides Visa and MasterCard processing. Like a
similar agreement struck with processor First Data in July, the partnership means that merchants who use Global Payments services will have a more convenient path to accepting Discover credit cards. Most credit card processors offer MasterCard and Visa acceptance to new merchants at the same time.
To accept Discover, on the other hand, merchants have to take the extra step of applying directly to Discover. (This is true of American Express as well.) Because Discover has fewer cards on the market than MasterCard or Visa, it is less likely that merchants will take the time to add Discover acceptance. With these new deals, Discover is offered at the same time as MasterCard and Visa, and at the same level, increasing Discover’s credibility, and most likely increasing the number of merchants who will add Discover to their list of accepted cards.
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