A parking meter is a device that accepts payment for timed parking in designated spaces. Traditional single-space meters have largely been replaced by multi-space pay stations serving entire blocks or lots, and increasingly by mobile payment apps. Meters manage parking demand by encouraging turnover, ensuring spaces become available for new users, and generating revenue for parking infrastructure. Meter rates, time limits, and hours of operation are set by municipal bylaw. Smart meters can adjust pricing based on demand and provide real-time availability data. Meter revenue funds parking operations, enforcement, and sometimes broader transportation initiatives.