Credit cards; increasing surcharge limit. Effective date.
Policy recommendation to the Government Oversight committee; Do Pass Banking, Financial Services and Pensions
Summary
The bill changes Oklahoma law so merchants can add a surcharge when a buyer uses a credit card, but the fee cannot exceed 2% or 3.5% of the purchase, whichever is lower, and must be clearly disclosed. It also says cash, check or debit discounts can be any size as long as they are offered to all buyers and reported to the state regulator. The changes affect any business that accepts credit cards, including money‑transmission services and certain schools or municipalities.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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