While EFTPOS and bank transfers are familiar payment methods, Parked Funds automates reconciliation, bond hold management, and customer communication that manual methods require significant time to handle.
Create bond holds, final payments, or bundles from the operator dashboard. Each link is tied to a booking reference.
Customers receive a payment link via email or SMS and pay with their card online. No need to visit in person.
Payments are automatically linked to booking references. No manual matching of bank statements to bookings required.
Parked Funds handles bond hold refreshes, sends payment reminders, collects post-hire charge evidence, and manages customer review workflows.
Yes. You can use Parked Funds for most payments and still accept EFTPOS or bank transfers for customers who specifically request them. However, these manual methods won't integrate with Parked Funds' automated workflows.
It depends on your volume, but many operators save 5-10 hours per week on reconciliation, payment reminders, and receipt generation. Post-hire charge workflows can save significant time compared to manual invoice creation and collection.
EFTPOS and bank transfers don't support payment authorisations (holds). You must either charge customers immediately or trust them to pay later. Parked Funds handles bond holds automatically, authorising funds without charging until needed.
It depends on the customer. Some prefer the familiarity of EFTPOS, while others prefer the convenience of paying online without visiting in person. Offering both options gives customers choice, but online payments are more convenient for remote bookings.
Parked Funds automatically links payments to booking references. When you create a payment link, you include the booking reference, and Parked Funds tracks it. No need to manually match bank statements to bookings.
Parked Funds can send automated payment reminders for unpaid invoices. With EFTPOS and bank transfers, staff must manually track unpaid invoices and follow up with customers via phone or email.
Yes. You can use Parked Funds for most bookings and accept EFTPOS or bank transfers for specific customers. However, manual payments won't appear in your Parked Funds dashboard and will require separate reconciliation.
Try Parked Funds free for 10 payments per month. No credit card required.