The Benefit of Going Cashless

There has been a growing shift towards cashless payments. With more people having contactless technology at their fingertips, uptake was already high. This was accelerated by the global pandemic and is now the most popular payment method.

Choosing to make the switch to cashless might no longer be bound to social distancing and protecting the public, but there are still multiple benefits that businesses can capitalise on to streamline services and support visitors to their car park.

Millennial businessman using ticketing machine and paying contactless

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Reduced queues

When the weather is bad, someone’s in a rush or has other things on their mind, the last thing they want to see is a queue. Cash-only car parks create major delays on car parks, especially if the technology in place doesn’t process banknotes or give change. Older technology creates needless delays and is far less convenient for the users of a car park.

Cutting down the amount of people waiting around on a car park has a major impact on efficiency, increases space turnover, and removes congestion.

Cashless options allow for a quick contactless payment to be made, or even allow users to avoid queues altogether.

Greater versatility

By removing cash from the equation there are far more options at a car parks disposal when it comes to handling parking payments.

There are multiple ways to pay for parking, whether that’s via an app, online, over the phone, through a payment portal, pre-booking or automatically via autopay.

Multiple options allow car park owners to provide multiple ways for visitors to manage their parking, granting greater convenience and ease. It also provides alternatives in the rare event of an issue on-site. For example, if an on-site payment machine had a fault, or a driver lost or forgot their wallet so didn’t have their card to hand, there are still ways to interact with a site.

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Better payment compliance

By offering other ways to pay visitors to a car park have a harder time not paying or paying the wrong amount.

ANPR accurately tracks how long a vehicle has been on a car park and ensures that visitors only pay the amount owed. This allows car park owners to generate the right amount of revenue and eliminate non-payment and overstaying from a car park.

Improved security

Cash collections on a car park and keeping change in machines can pose a security risk to a site. These are potential targets for thieves and vandalism.

By removing them through the adoption of cashless solutions eliminate the need for cash collection (and the costs associated with it), remove a potential security risk, and allow staff or security contractors on-site to focus their efforts elsewhere, giving them back more time to spend providing customer support or a visual deterrent against anti-social behaviour elsewhere.

Greener solutions

Cashless solutions can have an impact on how environmentally friendly a car park is.

Removing old payment machines reduces power consumption, and by removing the need for cash collections cuts down on emissions associated with a site as there’s less vehicles coming and going.

By switching over to cashless solutions you reduce the level of infrastructure you need on your site, eliminating excess waste and litter from paper tickets while cutting down on emissions by reducing queues and congestion on a car park.

Helping you transform your car park

At Parkingeye we understand that how people pay for parking is evolving, we also understand that the range of options available allows sites to tailor their parking payments to the specific needs of their visitors.

Using our expertise, we can help car parks across the UK identify the right payment options and put the solutions in place that will maximise their impact, effectiveness, and potential.

To find out more about how we can help transform your parking payments, get in touch using the form.