Car Rental

Car rental companies have utilized credit card processing far longer than most other businesses, given that it usually takes a credit card to secure a car rental. Because cars are rented for several days at a time, and a car rental company may have a few dozen vehicles out on the road at once, any given day’s rental fees may go into the thousands of dollars. Even with a narrow margin realized from renting cars, “rent a car” companies may have millions of dollars in gross sales every year that are funded through credit cards.