Parcxmart™ cards increase on-street meter revenues for Municipal Parking Operators by raising the average transaction 30 percent or more. That's significant, but that's not all.
Parcxmart programs are cost effective, highly secure, and consumer and merchant friendly. Here are some of the key benefits of a Parcxmart program…
Parcxmart Cards have lower card acceptance costs than either Credit or Debit
When credit and debit cards are accepted in the same parking meters the average ticket on a Parcxmart Card is equal to that of a bank card transaction. However, the fees to process the same transaction amount on bank cards is significantly higher due to mandated interchange fees, NABU and VAPF fees, online gateway and authorization fees, and the merchant processing fees required by bank sponsored merchant acquirers.
Parcxmart cards process small dollar transactions (less than $5) more efficiently than bank cards because there are no third parties involved. PXT does not have interchange fees that must be paid to bank card issuers. There are no charge backs, international card fees, affinity or reward card fees, or other monthly billing fees. And PXT provides customers with one easy-to-read statement.
Parcxmart Cards provide a “win-win” opportunity for downtown merchants
Merchants get involved and stay involved. Each time a customer comes into a merchant store and asks for or reloads a Parcxmart card the local merchant wins. In that scenario, the local parking operation is driving value into the merchant shops. This makes the process for increasing rates, rezoning, or putting in needed parking meters for the first time more logical for all the parties involved and a “win-win” strategy.