SB5363 allows regulated businesses to charge credit card transaction fees to consumers.

SB5363 modernizes payment systems for regulated businesses in Washington state, allowing them to charge credit card transaction fees. This change aims to ensure fairness and economic sustainability by aligning regulated businesses with practices already implemented by the state and unregulated industries. The bill specifically benefits registered tow truck operators, who often face financial burdens due to unreimbursed tows and compliance costs. The transaction fee must not exceed three percent of the payment amount and must be disclosed to consumers alongside the no-cost payment option.

SB5363 allows regulated businesses to charge credit card transaction fees to consumers.

SB5363 modernizes payment systems for regulated businesses in Washington state, allowing them to charge credit card transaction fees. This change aims to ensure fairness and economic sustainability by aligning regulated businesses with practices already implemented by the state and unregulated industries. The bill specifically benefits registered tow truck operators, who often face financial burdens due to unreimbursed tows and compliance costs. The transaction fee must not exceed three percent of the payment amount and must be disclosed to consumers alongside the no-cost payment option.