Bill > SB5363

This bill addresses payment system modernization for regulated businesses, particularly tow truck operators, by allowing them to charge a credit card transaction fee under specific conditions. The bill recognizes that registered tow truck operators often face financial challenges, including unreimbursed tows and significant regulatory compliance costs. Under the proposed legislation, regulated businesses can charge a transaction fee up to 3% for credit card payments, but must always provide a no-cost payment alternative that is clearly disclosed to consumers at the time of transaction. The key provisions require that: (1) a no-cost payment option must be available, (2) this option must be disclosed simultaneously with credit card information, and (3) the transaction fee cannot exceed 3% of the total payment amount. The bill defines "credit card payment" broadly to include any payment card that incurs an interchange fee. The legislature's intent is to create fairness between regulated and unregulated businesses, support small businesses providing essential public safety services, and maintain transparent payment options for consumers. This approach aligns with existing state practices, such as the Department of Licensing charging transaction fees for electronic payments.

Business and Industry

https://app.leg.wa.gov/billsummary?BillNumber=5363&Year=2025&Initiative=false