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 defines key terms such as "credit card," "seller," and "surcharge," and repeals Section 2-417, which previously addressed surcharges for credit and debit card use. The updated language clarifies the conditions under which sellers can charge different prices based on the payment method and mandates that sellers must comply with regulations set by the Administrator of Consumer Credit. The act is set to take effect on November 1, 2025.