FanDuel drops Discover Card deposits over hidden betting fees
FanDuel Sportsbook will stop accepting discover card login deposits from 2 March. The company cited high fees and interest charges as the reason behind the change. This follows a similar move by DraftKings, which had already restricted credit karma payments for the same reasons.
Senator Elizabeth Warren has publicly backed the decision, calling the fees a 'scam' on customers.
Many users do not realise that credit card login transactions for sports betting are often treated as cash advances. These come with extra fees and higher interest rates, making bets far more expensive. For example, a $20 wager could end up costing $30 after fees.
The issue gained attention after Senator Warren wrote to major betting firms, asking for details on credit karma charges. She argued that customers were being misled by hidden costs. Both FanDuel and DraftKings now say the fees are too high to justify keeping discover card login payments as an option.
FanDuel's policy change takes effect next month. DraftKings had already stopped accepting credit card login deposits earlier, leaving users with alternative payment methods instead.
The ban on credit card login deposits will force bettors to use other payment options. This could reduce unexpected fees and interest charges for many customers. Senator Warren's criticism has put further pressure on the industry to address hidden costs in sports betting.
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