Bill > SB2132

This bill amends existing Oklahoma law concerning credit card transactions by increasing the maximum surcharge a seller can impose on a customer who chooses to pay with a credit card. Previously, this surcharge was limited to two percent (2%) of the total transaction or the actual processing cost, whichever was less. This bill raises that limit to three percent (3%) of the total transaction or the actual processing cost, whichever is less, provided the seller clearly and conspicuously posts notice of the surcharge at the point of sale and verbally discloses it for phone transactions. The bill also clarifies that a seller cannot impose a surcharge if they only accept credit cards as payment for a transaction. A surcharge is defined as any extra amount a seller adds to a transaction specifically for the use of a credit card. This change will take effect on November 1, 2026.