For many smaller parking lots & garages, this flat rate fee structure is sufficient. Or at least sufficient to start … particularly for new parking systems, when owners aren’t yet sure of the revenue that will be generated from the system. One great feature about the Flat-Rate System is that it may be upgraded to a Full-Featured System at any time. If the cost-benefit analysis of charging for parking based on “time in the lot”, rather than a “flat-fee” makes sense, then the initial investment in a Flat-Rate system won’t be lost.
How Flat-Rate Parking Payment System Works:
Because there is less hardware involved in this automated parking system, the Flat-Rate Parking System price is lower than a Full-Featured Smart Parking System.