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OK SB677
Bill
AI Summary
- Sellers may offer unlimited discounts to customers who pay with cash, check, or debit card instead of credit card, with no cap on the discount amount
- Sellers may impose credit card surcharges up to 2% of the transaction or the actual processing cost, whichever is less
- Surcharge notices must be clearly posted at store entrances, point of sale, on website homepages and checkout pages, and verbally disclosed for phone transactions
- Private schools, municipalities, and public trusts with municipal beneficiaries may charge service fees limited to actual bank processing, transaction, portal, security, and bandwidth costs
- Repeals the existing prohibition on credit card surcharges (14A O.S. 2021, Section 2-417) effective November 1, 2025
Legislative Description
Sales transactions; discounts inducing payment by cash, check, or similar means; options; disclosure; surcharges; repealing provision prohibiting surcharge on use of credit and debit card. Effective date.
Last Action
Becomes law without Governor's signature 05/28/2025
5/28/2025
Committee Referrals
Business4/1/2025
Commerce and Economic Development Oversight4/1/2025
Business and Insurance2/4/2025
Full Bill Text
No bill text available