Table of Contents
1. No Administrative Effort Related to Cash Handling
2. Lower Acquisition Costs
3. Lower Ongoing Operating Costs
4. Security Advantages
6. No Long Queues at Payment Terminals
7. More comfort for Parking Customers
Conclusion
1. No Administrative Effort Related to Cash Handling
Managing cash is not only time-consuming but also labor-intensive. By switching to cashless systems, many of the tedious tasks associated with operating parking facilities can be eliminated, such as:
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- Cash counting: In a cashless system, there’s no need to count cash or carry out regular manual till checks.
- Change logistics: There’s no need to reorder or refill coins and banknotes.
- Cash deposits: The need to transport and deposit cash at the bank is no longer necessary.
- Coin jams: Without cash, there are no coins or notes to get stuck in machines, reducing disruptions and the time spent fixing issues.
By eliminating cash, significant time and staffing resources are saved, allowing employees to focus on other important tasks within parking management.
Would you like to learn more about how your parking facility can be managed cashlessly with an Arivo system? Feel free to get in touch with us. Contact Arivo now
2. Lower Acquisition Costs
Cashless payment machines are often more affordable to purchase, as mechanical security measures, such as secure cash boxes to protect against vandalism and cash theft, are not required.
Additionally, cash payment machines are equipped with many moving components to process and store coins and notes, making them more expensive to manufacture and maintain.
Cost-effective cashless machines are particularly appealing to operators with smaller budgets, such as municipalities or those managing smaller car parks.
Do you have questions about Arivo's Payment Systems? Feel free to get in touch with us. Together, we’ll discuss your requirements. Contact Arivo now
3. Lower Ongoing Operating Costs
In addition to savings on labour, several cash-related expenses can be avoided when operating cashlessly:
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- Change & disposal costs: Depositing cash revenue and obtaining change from bank involves expenses. These costs are completely avoided with cashless operations.
- Maintenance costs: Cashless systems have no moving parts that are prone to failure, such as coin counters or change systems. This reduces issues such as coin jams and the associated maintenance expenses.
- Secruity costs: Cashless systems eliminate the need for cash transport, video surveillance, and insurance, resulting in significantly lower security costs.
4. Security Advantages
Operating cashless minimizes the risk of theft and vandalism targeting pay stations. After all, if there is no cash to be collected, there is no incentive for criminal activity.
Additionally, the risk of receiving counterfeit notes or coins is completely eliminated, along with the need for associated inspection and verification procedures.
A great example of this is the parking management at the Alte Mühle in Ramsau. You can find the full reference story here: RVB – Ramsauer Verkehrsbetriebe.
Would you also like to manage your parking spaces cashlessly with Arivo? Contact Arivo now
5. Faster Transactions
Cashless payment systems speed up the payment process significantly. Customers don’t need to fumble for coins, insert them, or wait for change. They can pay easily via contactless methods, a QR code scan, or a parking app.
Not sure if switching to a fully cashless parking management system is the right step for you? We’re here to help. Together, we’ll discuss your requirements and find the perfect solution. Contact Arivo now
6. No Long Queues at Payment Terminals
Searching for coins or notes, placing them into the machine, and waiting for change can significantly slow down the payment process, often causing queues at cash payment machines.
This issue is especially troublesome in crowded parking areas or places where many people depart at the same time – like after major events or at ski resorts – leading to customer frustration and irritation.
Cashless terminals allow faster payments and therefore reduce the wait times at the checkout. Additional options like online payments or parking apps provide extra convenience, as customers can pay directly without having to visit the machine at all.
The operators of the Geisskopfbahn appreciate that ski and hiking guests no longer need to wait in line at the payment machines at the end of their visit.
7. More Convenience for Customers
Customers are placing increasing value on modern and convenient payment options. Cashless methods, such as contactless payments, online transactions, or parking apps, eliminate the hassle of handling small change and reduce wait times at machines.
Today, many drivers of all age groups not only want a stress-free and seamless experience when parking but also when paying for parking fees.
Not sure whether to choose cash or cashless? We’re happy to advise you on finding the ideal parking system for your car park. Send us your inquiry today
Conclusion
Cashless payment options are characterized by efficiency, lower costs and convenience. Less administration, faster transactions and shorter queues not only improve operations but also the customer experience. In addition, the reduced risk of theft and lower maintenance costs make the cashless car park operation both safer and more practical.
Those who opt for modern solutions like contactless payments, online transactions, or parking apps benefit from greater efficiency while staying one step ahead of the growing expectations of parking customers.
Not sure whether to go cashless or stick with cash? We will be happy to advise you on the ideal parking system for your car park. Send us your inquiry today
You’re welcome to also read our blog post, "Parking Management: With or Without Cash?" for additional insights.
