MoonPay announced that it has added the Discover card to its supported payment methods, allowing eligible U.S. users to buy and sell cryptocurrency on the MoonPay platform using a Discover card. After Visa and Mastercard, Discover has become the third major U.S. card network supported by MoonPay.
MoonPay’s Full Suite of Payment Methods
According to MoonPay’s official announcement, after Discover is added, MoonPay’s currently supported full range of payment methods is as follows:
· Visa
· Mastercard
· Discover (new, completing coverage of the U.S.’s three largest credit card networks)
· Apple Pay
· Google Pay
· PayPal
· Venmo
· Bank transfer
· Local payment options
Discover takes a more cautious stance toward cryptocurrency than Visa and Mastercard. Over the years, the latter two have actively developed crypto-related initiatives, built partnerships with exchanges, and advanced stablecoin projects. Claudia Schaefer, Vice President of Mendover Global Network, said this collaboration will give users more payment choices.
Network Support Doesn’t Equal Card-Issuer Approval
Per MoonPay’s explanation, adding Discover to the support list means an upgrade in technical capability, but it does not mean that all Discover credit cards can automatically process cryptocurrency transactions. Crypto payments, like Visa and Mastercard transactions, are subject to each card issuer’s risk policies, anti-fraud measures, and compliance requirements. Discover cards issued by different banks may yield different outcomes when processing crypto transactions.
MoonPay has not disclosed approval or chargeback rates for each card network, so a direct, quantifiable performance comparison between Discover and Visa/Mastercard is not possible at this time.
MoonPay Business Background: Positive Cash Flow in 2024, Profit Doubled
According to MoonPay’s disclosures, the company generated positive cash flow in 2024, and its profit doubled compared with 2023, indicating that market demand for its payment solutions has continued to grow. MoonPay currently serves more than 30 million customers, covering 180 countries, and provides payment services for more than 500 wallets, exchanges, and applications.
On the business front, MoonPay has also recently launched MoonPay agents—using AI technology to create self-custody wallets and execute trades. The business has expanded from basic fiat-to-cryptocurrency trading into more complex, enterprise-grade services.
FAQ
After MoonPay adds the Discover card, which three major U.S. credit cards can U.S. users use?
According to MoonPay’s announcement, after Discover is added, U.S. users can now use the three major U.S. credit card networks—Visa, Mastercard, and Discover—to buy and sell cryptocurrency on the MoonPay platform.
Is it guaranteed to succeed when buying cryptocurrency on MoonPay with a Discover card?
According to MoonPay, network support does not equal issuer approval. Whether a specific transaction is approved still depends on each card-issuing institution’s own risk policies and compliance requirements; users with Discover cards from different banks may face different outcomes.
Why are MoonPay’s latest financial figures?
According to MoonPay’s disclosures, the company achieved positive cash flow in 2024 and saw profit double versus 2023. It currently serves more than 30 million customers and covers 180 countries.
