If you are looking to improve your parking system or want an entirely new one, you are in luck because your options are boundless. Whatever your parking needs, you will find architecture, software, services and equipment to match. The bad news is, it can be very difficult to get into every option. 

Buyers need to assess the systems quickly and make sure that they make an informed decision without going through with all the confusing industry jargon or terminology. That is why we have created this article, an ultimate guide and your one-stop source of relevant information. 

In this article, you will find an easy-to-follow and clear summation of the systems, as well as help you organize and find the things that you need to know. Designed and made for parking space owners and businesses like CVPS, an Amano Mcgann company, this guide starts with one of your most important priorities: how you can generate revenue effectively. 

We begin by summarizing different approaches when it comes to collecting parking payments and managing different rates. We then move to different methods for controlling access to your facility. And lastly, you need to know essential facts when it comes to managing and designing a fully-effective and functional system.

Parking Payment Solutions

There is a lot of new technology that you can use for facilitating and managing a parking payment system, whether using a cashier, an automated self-service method or combinations on both (a self-service model with an attendant). 

Payment solutions for an attended parking space

While modern technology has made it a lot easier to run an unattended facility, some of them still prefer to have an attendant collecting the fees. Cashiers can take settlements, issue and validate parking tickets and manually control the entry and exit of vehicles to the facility. 

To know more about POS, check out https://www.business.com/articles/what-is-a-pos-system

Attended parking spaces can benefit from modern technology and automation. Automated metal barrier gates and ticketing machines, for example, are a natural and excellent complement to on-site cashiers. Here is how automation works when it comes to a drive-up payment system, where customers pay when they exit the gate:

When the car enters, the driver will get a ticket from the automated ticketing machine that sequentially issue ticket numbers.

When exiting the gate, the driver approaches a POS or Point of Sale methodology or the cashier station and presents their ticket. 

The ticket is then scanned by the attendant using a specific bar code or it is read using a magnetic stripe reader. 

The system will generate the rate and the amount payable is displayed on the electronic display.

The metal barrier gate is integrated with the Point of Sale method so that when a ticket is paid, it will trigger the automated metal barrier gate in the exit lane to open immediately.

All transactions are recorded in an audit file to make sure all printed tickets are accounted for, and settlements are made.

Click here to find out more about Pay on Foot system.

Alternatively, cashier stations may be situated in specific walk-up locations, instead of drive-up laneway locations. When payment is made, the ticket is updated to “paid” in the company’s parking system. When the vehicle exits the premises, the driver scans the paid ticket; then, the automatic barrier is opened immediately. 

An automated parking method offers a simple yet powerful solution to account and collect parking revenue. A full-featured system provides a lot of variations from paid-on-entry to hourly rates with a daily and weekly maximum, as well as from percentage discounts to dollar discounts or re-rate meanings that different rate structures apply. 

All of the tickets that are issued, payments that are made and validations that are used are all consolidated and integrated into the company’s management software that accommodates different fee structures. A lot of parking spaces blend unattended and attended services, by staffing the Point of Sale station during peak hours and using a fully-automated solution when the business is not busy. 

Self-service or automated management system is starting to gain traction because the system allows lot owners to save money on payroll costs and help improve the company’s revenue collection. These automated systems also minimize any revenue slippage or loss because of employee error and theft.

Want to know about the importance of automated management system? Visit this site for more information.

Ideally, the self-service payment method is combined with the gate to make sure that has secured access and the revenue is adequately controlled. Self-service payment methods for facilities with gates fall into two classes: A walk-up payment station, also known as POF or Pay on Foot, and a drive-up payment station, also known as POE or Pay on Exit.

Self-service walk-up payment

In this payment model, customers take a ticket when they enter the premises and retains the ticket until they exit the facility. Usually, the driver pays after they finished their parking session and the payment will trigger the exit barrier gate to open. 

The payment machine offers an automated revenue collection by accepting payments from credit and debit cards, coins or bills and provides change using coins and bills. Economically-priced walk-up machines usually only accept payment from credit and debit cards, Europay, Mastercard and Visa chips or cash without issuing changes.

Self-service POE or Pay on Exit

In the POE system, drivers use a ticket machine to get a ticket with timestamps when they enter the facility. Some of these machines, including these high-speed ticketing machines, allow users to scan pre-paid passes, enter access credentials or request credit card encrypted tokens to start their session in the facility. 

When they exit, drivers can scan their ticket to the assigned scanning machine. It will then calculate the amount payable and show it to the display screen. Once the amount is paid, the gate arm will raise immediately and the customer can exit the facility.

Some more established facilities prefer to sub-contract or outsource the work of managing or operating the parking facility. Service providers usually collect a small percentage of the fees to manage and operate the garage or lot. It includes staffing the facility with cashiers, valets or attendants. Parking management services can work well with your existing equipment and technology or can assume the responsibility for introducing the solutions as part of the contract.