In today’s fast-evolving parking industry, operators and building owners are constantly seeking smarter, more efficient, and cost-effective solutions to manage casual parking.
Two popular approaches, LPR (License Plate Recognition) with eWallet Direct and traditional Cashless Reader Payment (e.g., TNG, credit/debit cards); both enable ticketless, cashless transactions. However, the LPR eWallet Direct system offers several compelling advantages that make it a superior choice.
1. Lower Merchant Discount Rate (MDR) = Higher Net Revenue
One of the biggest concerns for parking operators is the Merchant Discount Rate (MDR)—the fee charged per transaction by payment providers. In a traditional cashless setup, credit cards, debit cards, and even some TNG transactions incur higher MDRs, eating into parking revenue.
In contrast, LPR eWallet Direct systems often come with lower MDRs due to competition among eWallets, sometimes offering subsidized rates. This means more of your revenue stays in your pocket, not in the hands of intermediaries.
2. Seamless In-Out Flow with License Plate Recognition
LPR eWallet Direct systems enable a truly touchless parking experience. Once a vehicle registers its license plate with the eWallet provider, users can enter and exit without winding down their windows, tapping a card, or interacting with any kiosk. The system automatically detects the plate, calculates the fee, and deducts it directly from the user’s eWallet.
This not only reduces congestion at the boom gate but also improves customer satisfaction, no more fumbling for cards or waiting in line.
3. No Reader Hardware = Lower Maintenance & Installation Costs
Traditional cashless systems require reader at entry and exit points to scan TNG or bank cards. These readers are prone to wear and tear, need regular servicing, and involve higher upfront and ongoing costs.
With LPR eWallet Direct, there’s no need for physical card readers, reducing both the initial capital expenditure and long-term maintenance costs. The system relies on LPR (License Plate Recognition) cameras and cloud integration, it’s leaner, cleaner, and smarter.
4. Less Variance, Easier Reconciliation
One thing operators love about LPR eWallet Direct? Fewer settlement headaches.
Even though both systems may involve T+2 settlement cycles, eWallet Direct tends to have fewer discrepancies compared to reader-based transactions. No mismatched taps, no payment timeouts, no card reader errors, it’s just a clean, reliable flow of payments that match your records. That means less time chasing figures, and more time running your business.
5. Enhanced Data Analytics & User Engagement
By linking parking activity directly to eWallet accounts, LPR systems can unlock deeper customer insights, for example, visit frequency, peak hours, average duration, and more. This data can help operators or building owners or shopping malls optimize pricing, launch loyalty campaigns, extended ads, parking fee discounts and even integrate with building management systems.
Moreover, with eWallet push notifications and promotions, parking operators gain a new marketing channel to engage drivers and boost repeat visits.
Conclusion
The parking industry is shifting from hardware-heavy, rigid infrastructure to smart, software-driven systems. The LPR eWallet Direct model exemplifies this shift—delivering a smoother customer experience, lower operating costs, and better profitability for operators.
If you’re still relying on conventional cashless reader systems, it might be time to explore LPR eWallet Direct and drive your parking operations into the future.
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