This bill aims to modernize payment systems for registered tow truck operators and other regulated businesses in Washington state by allowing them to charge transaction fees for credit card payments. Currently, these operators face financial burdens due to unreimbursed tows and are at a disadvantage compared to unregulated businesses that can recover credit card processing fees. The legislation recognizes the need for a fair and transparent mechanism that aligns regulated businesses with practices already established by the state and unregulated industries, thereby promoting economic sustainability and supporting small businesses that provide essential public safety services.

The bill introduces a new section to chapter 19.200 RCW, permitting regulated businesses to charge a transaction fee for credit card payments, with specific conditions. These include the requirement that a no-cost payment option must always be available to consumers and that this option is disclosed at the same time as the credit card information is collected. Additionally, the transaction fee cannot exceed three percent of the payment amount. This legislative change aims to ensure consumers have access to transparent payment options while helping to preserve the viability of critical services provided by small businesses.