What is the ParkNYC Wallet?

The ParkNYC system works by motorists creating a prefunded account from which individual parking sessions are deducted, instead of getting individual charges to your credit card per transaction.  The wallet functions similarly to the  E-Z Pass system.  Motorists are given the option to fund, using a Credit/Debit card, a minimum of $25.00 up to a maximum of $150.00. Commercial Fleet Operators can prefund accounts in larger increments, a minimum of $50.00 up to a maximum of $500.00. Buses can prefund accounts with a minimum of $500 up to a maximum of $1000.  When your account balance reaches zero, your account will automatically be replenished, using your selected method of payment.