Modernizing payment systems by expanding consumer-friendly transaction options for registered tow truck operators and regulated businesses.

SB 5363 allows regulated businesses like tow truck operators to charge a transaction fee of up to 3% for credit card payments, provided they always offer a no-cost payment option (such as cash or check) and disclose both options simultaneously to consumers. This directly affects registered tow truck operators and other regulated businesses in Washington state, who currently cannot recover credit card processing costs like unregulated businesses or the state itself. The bill requires businesses to display the fee at the same time as credit card information and ensures consumers retain access to fee-free payment methods. It aims to modernize payment systems by creating a fairer framework for regulated businesses facing financial strain from unreimbursed services and compliance costs.