Let see how the payment system works and how you’ll make money off your parking spot
PickParking has been designed to work on a virtual coin basis. Here’s how it works for both owners and drivers:
The owner listing his/her spot on the platform will determine the hourly/daily/monthly price – which could be much cheaper than public parking spaces in the same area – in virtual PickParking coins. As PickParking drivers use the parking space, the owner will receive PickParking coins on his personal account. Upon reaching a set minimum level of coins, the owner can choose to redeem the coins as gifts (e.g. Amazon Gift Cards, Amazon Coins).
Here’s how it works for the user: He/she will create an account on the App charge his/her credit, appearing in the system as virtual PickParking coins. When the driver needs to find a place to park, he/she will use the App to locate a parking space and checking prices and availability. He/she can either book the spot using the App or go straight on site and check-in. Upon check-out, the platform will calculate the total time and price and withdraw credit in virtual coins from his/her account.