an internet - based parking space reservation and transaction method is provided that includes an internet platform having a server to provide a computer program to operate a virtual marketplace for parking transactions . at least one parking space lessor contacts the virtual marketplace to place a parking space in an available state and information including a money account , a space location , available time , and cost . at least one parking space lessee contacts the virtual marketplace to reserve the parking space and information including a money account , desired location , and beginning and ending lease time . a parking space availability list is provided to the lessee , having location and pricing . a lease agreement and fee exchange occurs when the lessee selects a desired the space . a fee to a money account of the marketplace is provided , where the lessor apportions a predetermined amount of the associated fee to the virtual marketplace money account .