Discover Financial Services and PayPal have entered into an agreement to make PayPal payments more available to Discover’s cardholders, acquirers and merchants.
Under the agreement, PayPal will use Discover’s tokenisation services and expand its reach at the point of sale, which will enable US PayPal customers to pay with their Discover cards at all of the contactless-enabled merchants that accept Discover.
Discover cards will be offered as a clear payment option within the PayPal wallet, making Discover easily identifiable to cardholders when paying.
Additionally, both companies plan to enable PayPal customers with eligible Discover cards to use their cashback bonus to pay for purchases at the millions of online and mobile merchants that accept PayPal.
Following enablement, Discover cardholders will be able to view and use their available cashback bonus while using PayPal to pay for all or part of a purchase.
Discover payment services president Diane Offereins said: “Discover is focused on making the payments experience seamless and secure for both card members and our merchant partners.
“This agreement with PayPal helps expand consumer payment choices by providing additional ways to transact, and builds on the growing adoption of digital payments.”