With the rapid advancement of parking technology, traditional cash-based parking pay stations (and methods) are becoming obsolete. Enter the wonder of the FrogKiosk. Frogparking’s answer to modernizing the industry with a cutting-edge parking payment kiosk. Let’s delve into the features and benefits of cashless parking payment terminals.
Cashless improves the user experience
After the pandemic, it’s been shown that 74% of users prefer cashless transactions. This shift highlights the impracticality of traditional payment methods for parking pay stations in the long term. Recognizing this trend, Frogparking invested significantly in research and development to create a ticketless, cashless parking payment kiosk called the FrogKiosk.
The FrogKiosk stands out as one of the most dependable parking pay stations available, boasting fewer moving parts and unparalleled reliability. Say goodbye to transient parking payment issues. It’s lightning-fast processing speeds ensure that users can pay for parking within seconds. As a result, this reduces congestion, improves efficiency, and enhances the overall satisfaction. Whether in a bustling urban center, or a crowded parking garage, the low latency of FrogKiosk enables smooth operations even during peak hours. Recent data from a Frogparking installation has shown that the FrogKiosk can handle millions of transactions per month, without skipping a beat, and solidifies its capability and reliability.*
When ‘time is money’ for its users, Frogparking simply understands improving the user experience is paramount to the success of any parking system.
Offering a wider range of payment methods increases churn & revenue
Frogparking has introduced the most extensive range of payment methods in the industry to date. The FrogKiosk goes beyond traditional credit card and mobile payment options, incorporating Apple Pay, Google Pay, Alipay, and WeChat Pay into its cashless parking system. Moreover, Frogparking demonstrates remarkable flexibility and a willingness to integrate additional payment options as per their customers’ needs. This further enhances their cashless parking solutions.
This increased range of payment methods allows customers to pay faster (as the FrogKiosk is catering to their diverse needs). In turn, they exit the carpark faster, impacting positive churn significantly. This means more available parking during peak times and more people ‘through the doors’ to boost parking revenue opportunities.
The potential cost savings are out of this world
As touched on earlier, Frogparking have accomplished a powerful parking pay station, with less moving parts than traditional parking kiosks. As a result of this, the FrogKiosk offers significantly reduced operating expenses than traditional solutions.
Cash handling expenses are non-existent. By automating payment collection digitally and eliminating the need for manual cash handling, businesses can reduce overhead costs associated with staffing and maintenance. Say goodbye to pesky security and cash handling fees. Not to mention the saving associated with minimizing errors and reducing the need for customer support, further driving down operational expenses.
Secondly, the savings associated with not holding ticket stock. Au revoir to expensive ticket stock, employee costs associated with managing this and the actual expensive of constant maintenance expenses associated with this.
Thirdly, you can say sayonara to manually adjusting pricing and the associated loss of revenue/high employee cost. The FrogKiosk connects seamlessly to Frogparking’s revolutionary FrogHub (data & analytics dashboard). Simply with a few clicks of the mouse, dynamic pricing strategies can be implemented in real-time. With customizable pricing options and advanced reporting capabilities, businesses can optimize parking rates to maximize revenue potential.
What next?
Frogparking were thrilled to officially launch their FrogKiosk in March of 2024 and is loving the transformation of parking operations, globally.
Embrace the future of parking with Frogparking – take a leap into the future with us, where possibilities are limitless.
*Based off stats from 2023 average customer data
