Parking Panda | How it Works & What to Expect

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parking panda

Parking Panda was a parking reservation service that allowed individuals to find and reserve parking spaces in advance. This online parking reservation system was designed to help users find affordable parking without the hassle of having to drive around a crowded city, hoping to find an available spot.

As one of the leading parking reservation services on the web, Parking Panda was an effective and convenient way to find parking on-the-go.

But how did the app work and what happened to Parking Panda? Keep reading and you will learn everything you need to know about the online parking reservation system.

The History of Parking Panda

Founded in 2011, Parking Panda was a privately held company with headquarters in Baltimore, Maryland. The company has made it a mission to make parking reservations simple by making the process of reserving a spot as easy as buying a movie ticket. Parking Panda worked with thousands of garages, lots, and on-street parking spaces to help drivers find convenient parking without the stress.

The company had partnerships with major-league sports teams and their venues, as well as theaters, convention centers and other event spaces.

SpotHero, a Chicago-based parking service, has acquired Parking Panda, a move that will give it an entry into the Canadian market.

Mergers in digital industries happen frequently. In 2015 SpotHero acquired ParkPlease, a San Francisco-based company. The acquisition helped the spothero app expand in that city.

Adam Zilberbaum - Parking Panda’s CEO - said: “This is the most natural progression for our company. By joining forces, we will have a greater impact on the transportation landscape, making parking more convenient through technology. We’ve long held values similar to those of SpotHero, including putting drivers first, investing in our people, and building great products.”

Where ParkingPanda Was Available?

The online parking reservation system was available in over 40 major cities across the United States and Canada, including:

  • Atlanta
  • Los Angeles
  • New York City
  • San Francisco
  • Toronto
  • Vancouver
  • Washington D.C.

How Did Parking Panda Work for Renters

Users could reserve parking in advance using an unified platform available on the web, through the iPhone app and Android app, and with a free mobile application for the Blackberry.

If you were a Parking Panda user, you probably remember how the Parking Panda app was quick and easy to use.

To reserve a parking spot, all you needed to do was to enter your arrival and departure information in the search box. From there, you were shown an interactive map displaying all of the available parking spots. You can filter your search by location, price, duration, and ratings. Next, you could choose the parking space that you wanted and the reservation was made.

So, how can you book a parking spot now?

Signing Up

Parking Panda is not anymore available, the only option you have is to sign up for a Spot Hero account.

Spot Hero is a unified web interface. users can access the service through the SpotHero website or use the mobile SpotHero app, which is available to download for iOS and download for Android.

Follow our step by step tutorial to create an account:

  • Open your web browser and navigate to the sign-up page. Select Sign Up in the upper-right corner of the screen, or Sign In if you have an account.
  • Complete the registration form or connect your Google account. Facebook accounts are no longer supported.

Booking a Parking Space

Are you tired of circling the block looking for a parking spot? SpotHero is here to help. With the online parking reservation system, you can easily find and pay for a parking spot in advance.

Here's how it works:

  • Login to your account using the website or the mobile app.
  • Search for your desired location and date.
  • SpotHero will show you a list of available parking options.
  • Choose the spot that's right for you and reserve it.
  • Pay for your reservation. You can even use our mobile app to pay for your spot and get directions, so you'll never have to worry about finding a parking spot again. Now you're all set!

How Did Parking Panda Work for Parking Owners?

There are a plethora of ways to earn income from renting out your car, your house or even your swimming pool. In this article I’m going to focus on one of the most common.

Let’s start with the garage.

Renting a garage space or a parking spot was a great way to make extra money. Many property owners are discovering the benefits of renting out parking spots in their homes. A dedicated parking space in the garage can command $200 per month or more. Inside parking spots can earn several times that. Bump outs or small side yards can also be rented out for parking spaces or car storage. Larger side yards or backyards can also be rented out for RV storage.

If you live in an urban and rural area, you can monetize unused space by renting it out to new customers. Often they will do no additional work besides providing parking. In most cases they will be doing nothing more than letting other people use their property.

Thousands of drivers on the SpotHero mobile app and website. If you want to list your parking follow our step by step tutorial:

  • Go to the Spot Hero website and fill out the seller form. You have to provide important information such as the location, pricing and availability of your parking spot.
  • Your parking will be listed on the platform and you can start earning money renting it.
  • You will get paid with a monthly check or deposit.

How Much You Can Really Earn Renting Out Your Parking?

There is no one-size-fits-all answer to how much you can earn from online parking reservations.

However, according to our experience, as a parking lot owner, you can earn a good amount of money from online parking reservations. This depends on various factors, such as your location and the availability of parking in that area.

Your account representative can help you select a competitive hourly or monthly rate, so that you can make the most money possible from online parking reservations. For example, owners of parking lots with as few as eight spots in a desirable location have earned nearly $3,000 per month.

If you plan to sell your parking, Spot Hero is a solution most parking owners choose.

It’s easy to use, and better yet, it requires very little time or effort to set up.

But what about their commission?

As an owner you should expect to pay SpotHero commission fees.

Spot Hero is completely free to sign up and it's free to list your property. Only after you receive a parking booking will you need to pay Spot Hero fees.

Keep in mind that SpotHero charges 35% on all reservations.

Parking Panda Alternatives

BestReferralDriver has a wide selection of articles that you can read to save big on your next parking for rent.

Whether you're looking to save money on your hourly parking, or on your next airport parking, we've got you covered. Take a look at our guide on how to find cheap parking in LAX, or in Denver airport.

If you are looking for ways to save time and money for your next event parking or monthly parking, we suggest you create a Way.com account.

Frequently Asked Questions

Is Parking Panda The Same As Spot Hero

Yes, Spot Hero and Parking Panda are absolutely the same. They are so far the same company.

The Parking Panda app is not anymore available to download on the Apple Store or the Google Play Store.

The ParkingPanda website has been fully redirected to the Spot Hero website.

Parking Panda officially and fully merged with Spot Hero. This means that if you want to book a parking lot or a parking garage you have to download the Spot Hero app or use one of the alternatives above.

If you want to make money renting out your parking spot or garage, you have to list your parking on the Spot Hero website or find another alternative.

Bye Bye Panda Parking: The Parking App

There is a lot of misinformation around this online reservation parking app and some untrustful websites want to convince you that you can still use the parking reservation system. But we are here to provide our readers with the truth and the right information you deserve.

Now you know a little bit more about Panda Parking. In this tech world it is very commun that when a company expands into a new market, the expansion often comes in the form of a platform acquisition. The platform acquired is often dismantled. This is not new. We already saw it with Uber and Postmates or Caviar and Doordash.

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