Discover and PayPal™ Collaboration Gives Cardmembers New Way to Redeem Rewards

Discover and PayPal™ Collaboration Gives Cardmembers New Way to Redeem Rewards
26.11.2019 05:45 am

Discover and PayPal™ Collaboration Gives Cardmembers New Way to Redeem Rewards

Payments , Financial

Discover cardmembers can now use their Cashback Bonus® or Miles to pay for purchases at millions of online stores through PayPal, giving cardmembers another convenient and flexible way to reward themselves.

“We want to make it as easy as possible for our cardmembers to redeem their rewards, especially by partnering with merchants where our Discover cardmembers love to shop,” said Shannon Kors, vice president of card rewards and benefits at Discover. “Our customers loved seeing PayPal added to this year’s categories in the 5% Cashback program. Now they can spend the rewards they earned with PayPal and have more choices when they pay.”

All eligible1 Discover cardmembers can easily pay with their Cashback Bonus or Miles using PayPal when they shop online and in apps2. Once cardmembers link their Discover card with PayPal, they can instantly redeem any amount of their rewards on eligible purchases at checkout.

This latest feature stems from an ongoing collaboration between Discover and PayPal to give Discover cardmembers a rich suite of benefits and experiences with PayPal. These benefits include enabling cardmembers to easily link their Discover card to their PayPal wallet from Discover’s app and website which were recognized by J.D. Power as the best in customer satisfaction among mobile credit card apps and credit card websites. Once linked, cardmembers can enjoy the convenience and security of checking out with PayPal while shopping at millions of merchants online.

Discover also will provide yet another opportunity for cardmembers to earn rewards through their partnership with PayPal in 2020. Starting July and running through August 2020,Discover it® and Discover More® cardmembers can earn 5% cash back on up to $1,500 in purchases when they shop at PayPal and restaurants if activated.3

To pay with rewards through PayPal, cardmembers need to link their Discover card with their PayPal accounts. Cardmembers can also enroll by creating a PayPal account through their Discover account.

Related News

Domestic Payment Card Schemes Play a Unique Role in Many Countries

Cards carrying only a domestic scheme’s branding accounted for 12% of all payment cards worldwide in 2018. This sector has strong growth potential, with products tailored... Read more »

Computop and Eckoh Partner to Provide Retailers with Enhanced Security for Card-Not-Present Payments

Computop, a leading global payment processor, and Eckoh (AIM... Read more »

BlueSnap Appears on the Inc. 5000 List Following Three-year Revenue Growth of 260 Percent

Inc. magazine today revealed that BlueSnap is No. 1648 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-... Read more »

Standard Chartered and Airtel Africa Partner to Drive Financial Inclusion Across Africa

Standard Chartered Bank (www.SC.com) and Airtel Africa have today... Read more »

Barclaycard Launches New Service to Redefine Supply Chain Payments for Businesses

Barclaycard has launched Barclaycard Payment Intelligence (BPI), a new service which uses in-depth data analytics to provide... Read more »

AscendantFX Introduces Payment Tracking Through SWIFT gpi

AscendantFX Capital announced today that they have become members of the SWIFT network, and more specifically the Global Payment Initiative (gpi). Ascendant... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel