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 unable to recover credit card processing fees, unlike unregulated businesses. The legislation recognizes the need for a fair and transparent mechanism that aligns regulated businesses with state practices, 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 credit card information is collected. Additionally, the transaction fee cannot exceed three percent of the payment amount. This framework aims to ensure consumer choice while helping regulated businesses manage their costs effectively.