Other Terms: Periodic Rates
The Weekly Rate feature allows you to offer a capped rate once a parker stays for a minimum amount of time. After meeting the minimum, a Free Period can be applied to give parkers additional time without incurring extra charges.
Configuration #
Enable Weekly Rates Setting #
Before the Weekly Rate can be configured, the Weekly Rates setting must be enabled at the Location level from the Garage Profile tab.
- Log in to the Parkonect Admin portal
- Select Garage name > Garage Setting tab > Garage Profile from drop-down menu > Garage Settings
Create Weekly Rate Special #
- Select a current rate or create a new Rate Sheet.
Note:
Updating a current rate automatically creates a new rate sheet.
Add New Special #
- Check the Weekly Override setting to activate Weekly Rate fields.
Enter Weekly Rate Fields #
- Set the Minimum Stay (in Minutes): The number of minutes a parker must stay to qualify for the Weekly Rate.
- If a parker exits before reaching this time, standard rates apply.
- Once they reach the minimum, the system considers them eligible for the Weekly Rate and grants the Free Period.
Example: For a 5-day minimum, set this to 7,200 minutes.
2. Set the Free Period (in Minutes): The number of additional minutes granted at no charge after the minimum stay is met.
- During the Free Period, no charges are added — time is paused.
- After the Free Period ends, time starts accumulating again, and any time beyond that is charged at your normal rate (e.g., daily rate).
Example: Set this to 2,880 minutes (2 days) to give 2 free days after the 5-day minimum.
3. Enter the Special Name
4. (Optional) Set Daily Limit: The Daily Limit setting sets the maximum number of parkers allowed to receive the Weekly rate in 24 hrs.
5. (Optional) Enter a description
Example: Weekly Rate in Action #
Let’s say you configure:
- Daily Rate = $20
- Minimum Stay = 5 days (7,200 minutes)
- Free Period = 2 days (2,880 minutes)
- Total Charge for First 5 Days = $100
| Total Time Parked | Charge | Explanation |
| 1 Day | $20 | Standard daily rate |
| 2 Days | $40 | $20 × 2 |
| 3 Days | $60 | $20 × 3 |
| 4 Days | $80 | $20 × 4 |
| 5 Days | $100 | Minimum stay reached — Weekly Rate triggered |
| 6 Days | $100 | Free Period in effect — no additional charge |
| 7 Days | $100 | Free Period in effect — no additional charge |
| 8 Days | $120 | Free Period expired — daily rate resumes at $20/day |
| 9 Days | $140 | $100 + $20 × 2 |
| 10 Days | $160 | $100 + $20 × 3 |
| 11 Days | $180 | $100 + $20 × 4 |
| 12 Days | $200 | Minimum stay reached — Weekly Rate triggered |
| 13 Days | $200 | Free Period in effect — no additional charge |
| 14 Days | $200 | Free Period in effect — no additional charge |
| 15 Days | $220 | $100 + $100 + $20 |
| 16 Days | $240 | $100 + $100 + $20 x 2 |
| 17 Days | $260 | $100 + $100 + $20 × 3 |
Notes #
- Displaying the Rate table on the kiosk is not compatible with Weekly Rate specials.
- Multiple Specials configured to one Rate table is not supported.