The bill amends Section 2-211 of Title 14A of the Oklahoma Statutes, which pertains to sales transactions, specifically focusing on discounts and surcharges related to payment methods. It allows sellers to offer discounts for payments made by cash, check, debit card, or similar means without constituting a credit service charge, and removes any limit on the amount of discount that can be offered. Additionally, the bill requires sellers to provide clear disclosures regarding any discounts and outlines specific requirements for imposing surcharges on credit card transactions, including a maximum surcharge of 2% of the total transaction amount.

Furthermore, the bill repeals Section 2-417, which previously addressed surcharges for credit or debit card usage. It introduces definitions for key terms such as "credit card," "seller," and "surcharge," and clarifies that sellers must comply with regulations set by the Administrator of Consumer Credit. The effective date for this act is set for November 1, 2025.