Terms of Use

Last Updated: January 9, 2026

Welcome to Parking Spot Swap. By using our app, you agree to these terms.

1. Service Description

Parking Spot Swap is a community-powered parking spot exchange platform. Users can earn credits by offering their parking spots and spend credits to find available parking. The service facilitates peer-to-peer parking information sharing.

2. Credit System

Earning Credits:

Offer your spot (+1 credit after 1-minute verification)
Drop a pin for open spot (+1 credit when someone successfully parks)
Accurately report a spot as taken (+1 bonus credit for keeping the platform accurate)
Refer friends (+3 credits per signup)
Power user bonus (+2 credits for 10+ parkings/month)

Spending Credits:

Navigate to a spot (-1 credit when you tap "Navigate to Spot")
Credit is refunded +1 bonus if spot is legitimately unavailable

Pin Drop Rewards:

When you drop a pin to report an open parking spot you see
If another user successfully claims and parks in that spot, you earn 1 credit
This rewards users for contributing accurate parking information

Important:

New users start with 0 credits
Credits have no cash value and cannot be exchanged for money
Credits are non-transferable between accounts
We reserve the right to adjust or expire credits at any time

3. Paid Hold System

How Paid Holds Work:

Request a paid hold when navigating to an offered spot
Hold rate is $2.00 per minute
Available durations: 1, 3, 5, 10 minutes, or custom
The spot holder must accept your hold request
Payment is only processed if the hold is accepted

Fees and Taxes:

A 5% service fee is charged on all hold payments
Applicable sales taxes are calculated based on your location (destination-based taxation) and added to your total
Tax rates vary by state, county, and municipality
The spot owner receives the base hold amount minus a 5% platform fee
All fees and taxes are clearly displayed before you confirm a hold request

Hold Extensions:

If your hold time is running low, you may request an extension
Extension requests are sent to the spot holder for approval
Extensions are charged at the same $2.00/minute rate plus applicable fees and taxes
Approved extensions add time to your countdown

Extension Decline & Partial Payment:

If the spot holder declines your extension, the hold ends immediately
You will be charged 50% of the payment for the time already held
The spot holder receives their earnings minus the 5% platform fee
Both parties are notified when an extension is declined
No refunds are provided for time already used during an accepted hold

4. Spot Verification

Offering a Spot:

You must remain stationary for 1 minute to verify your spot
Moving during countdown (detected by GPS) cancels the offer
This prevents fraudulent spot offers

Reporting Spot Unavailable:

You must be within 100 feet of the spot to report it as taken
If you appear stationary near the spot, you may be charged (parking detected)
If you're driving away at over 10 mph, refund is allowed
Accurate reports earn you a bonus credit for helping maintain platform accuracy
False reports may affect your reliability score

5. User Responsibilities

You must provide accurate information about parking availability
You are responsible for ensuring you have the right to park in any spot you use
You must comply with all local parking laws and regulations
You agree not to manipulate the system through false reports or GPS spoofing
You must confirm parking honestly when prompted by the app

6. No Guarantee of Availability

Parking Spot Swap does not guarantee the availability of any parking spot. Spots may be taken between the time of posting and your arrival. We provide information as a service but cannot control real-world parking availability. If a spot is unavailable and you report it legitimately, you will receive a credit refund plus bonus.

7. Pin Drop Validation

When dropping pins to report open spots:

You must be within 1,640 feet (500 meters) of the spot location
There is a 2-minute cooldown between pin drops
You need a minimum 20% reliability score
False pin drops may result in reliability score reduction

8. Reliability Score

Your Reliability Score (0-100) measures your trustworthiness within the Parking Spot Swap community.

Score Increases:

Successfully completing a spot offer
Having a dropped pin claimed by another user
Consistent weekly activity

Score Decreases:

Cancelling during the 1-minute countdown
Moving while offering a spot (fraud prevention)
Receiving fraud reports from other users
Falsely reporting a spot as unavailable

Score Levels:

Excellent (90-100): Full access to all features
Good (70-89): Full access to all features
Fair (50-69): Limited privileges
Poor (0-49): May face feature restrictions or account review

9. Fraud Reporting

After reporting a spot as unavailable, you may report it as fraudulent
Fraud reports are reviewed by our team
Verified fraud affects the spot contributor's reliability score
False fraud reports may affect your own reliability score
Repeated fraud violations may result in account suspension

10. Account Suspension

We may suspend or terminate accounts that:

Repeatedly provide false parking information
Attempt to manipulate the credit system
Use GPS spoofing or other fraudulent methods
Falsely report spots as unavailable while parking nearby
Submit false fraud reports against other users
Violate these terms or our community guidelines

11. Limitation of Liability

Parking Spot Swap is provided "as is" without warranties. We are not liable for parking tickets, towing, vehicle damage, or any other losses resulting from using our service. Users assume all risks associated with parking.

12. Changes to Terms

We may update these terms at any time. Continued use of the app after changes constitutes acceptance of the new terms. We will notify users of significant changes through the app.

13. Contact

For questions about these terms, please contact us at info@parkingspotswap.com