OK HB2971

Increases the maximum permissible credit card surcharge from 2% to 4.5% of the total transaction, or the actual processing cost, whichever is less

Requires sellers to post clear notice of surcharge amounts at point of entry, point of sale, on websites, and verbally for phone transactions

Limits service fees charged by private educational institutions (PreK-12 and higher ed) and municipalities to 4.5% of the transaction or actual processing costs, whichever is less

Defines "actual processing costs" as verifiable fees from payment card networks, banks, or processors, explicitly excluding overhead, personnel costs, and revenue markups

Requires entities charging service fees to maintain documentation of actual processing costs for at least 2 years, subject to compliance review by the Attorney General or State Auditor and Inspector

Effective date: November 1, 2026