Abstract: 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.