Sales transaction; maximum permissible surcharge amount for credit cards; maximum permissible service fee amount; effective date.

HB 2971 limits most Oklahoma businesses from imposing credit card surcharges above 2% of the transaction amount or actual processing costs, whichever is lower, and requires clear disclosure of any fees at point of sale. Private schools, municipalities, and similar entities may charge up to 4.5% for processing costs, but must document these fees for state review. The bill prohibits businesses from restricting payment methods solely to credit cards and defines key terms like "surcharge" and "actual processing costs." It takes effect November 1, 2026.