Business & Tech

Peer-to-Peer Parking App Launched in Town

SPOT allows users to list and rent out privately-owned parking spaces.

SPOT, a Boston-based company, announced Thursday the launch of its mobile application, offering a unique solution that facilitates expedient parking.

A recent press release indicated that the app matches owners of privately-owned parking spots with those looking for parking in a simple short-term, cashless-based partnership. Owners can list spots on their terms, whether it be a few hours or a few weeks.

“As we launch in Boston, we saw a market where more than 190,000 cars commute into the city daily and more than 30,000 available private spots exist,” said Braden Golub, SPOT’s founder and chief executive officer. “We believe SPOT can create significant efficiency within the market.”

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SPOT is rolling out its app this week, allowing renters to sort through multiple options that meet their criteria and reserve their spot effortlessly. Most are 40% - 60% cheaper than nearby garages.

All SPOT transactions are cashless and secure. Renters need only enter their credit card information one time for all future transactions while owners receive prompt payments through Paypal, Venmo or direct deposit. SPOT can even help owners price their inventory so they’re competitive in their neighborhood.

Find out what's happening in Jamaica Plainfor free with the latest updates from Patch.

Image via Shutterstock.

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