This bill aims to modernize payment systems for registered tow truck operators in Washington state by allowing them to charge transaction fees for credit card payments. The legislation recognizes the essential role that tow truck operators play in public safety and the financial burdens they face, particularly due to unreimbursed tows. Currently, these operators are at a disadvantage compared to unregulated businesses that can transparently pass on credit card processing fees to consumers. The bill seeks to create a fairer economic environment by enabling tow truck operators to recover these costs, similar to how the state charges convenience fees for its own services.
Under the new provisions, tow truck operators can charge a transaction fee for credit card payments, provided they also offer a no-cost payment option that is disclosed to consumers at the time of payment. The transaction fee cannot exceed three percent of the payment amount, and the definition of "credit card payment" is specified to exclude debit card transactions. This legislative change is intended to support the financial sustainability of tow truck operators while ensuring that consumers have access to transparent payment options.