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Take five: Parking payment methods When deciding which parking payment process to implement, it is important to identify what you are trying to achieve as a business or property owner. Are you aiming for a greater turnover of customers, safer parking or a more efficient process? Once you have identified these goals, you can then look at the different solutions. Pay on exit This is a self-sufficient solution that allows people to pay their parking charge as they leave the car park. Payment can be made at a pay station using cash or a credit card. This structure is the most effective way of making sure people pay for their parking and, by controlling entrances and exits, it stops people abusing your property. Web payment Using a prepay web portal, you can efficiently oversee the use of your car park. Commonly found at airports, these systems involve motorists paying for their parking in advance online. The car park is then monitored using automatic number plate recognition technology, which identifies vehicles that have paid. Pay by phone This system allows motorists to pay for their CP Plus parking by credit card over the telephone or via a text message. A benefit of this method is that customers no longer need to carry change for parking meters or display tickets. Mobile payment This is similar to paying by phone, however it is conducted over a smartphone with a web application. Many customers find this more convenient. Wave and Pay As technology advances, wave-and-pay systems are being introduced. This involves customers waving smartphones or credit cards over sensors and payment being taken from a linked account. Although these transactions involve a small charge for the vendor, it is likely to become the most common form of payment for amounts below ÂŁ10. Eventually it will be linked to most pay machines, which will make paying for parking fast and convenient.

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