Bill > SB2077

This bill amends existing Oklahoma law regarding credit card transactions by increasing the maximum surcharge a seller can impose when a customer chooses to pay with a credit card instead of other methods like cash or check. Previously, this surcharge was limited to two percent (2%) of the total transaction or the actual cost to the seller for processing the credit card, whichever was less. This bill raises that limit to four percent (4%). A surcharge is defined as any extra amount a seller adds to a transaction specifically because a credit card is being used for payment. The bill also clarifies that sellers must clearly post notice of any applicable surcharge at the point of entry and sale for in-person transactions, and on their website for online transactions, and verbally disclose it for phone orders. This change will take effect on November 1, 2026.

Business and Industry

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb2077&Session=2600