Because lodging and auto-rental merchants have unique needs, there’s a special rate category designed for them. These merchants take extended authorizations – meaning the card may be authorized weeks before the sale is finalized. Similarly, final amounts of the sale are often different from the original authorization. For “regular” merchants, this would result in downgraded transactions. But lodging/auto-rental merchants can follow specific rules to access low rates.
Tags: auto rental
As a lodging/hotel/auto-rental merchant, you may require extended authorizations or long-term stays that you charge to a card. Learn how that works!