{"data":{"id":"us-ok/okla.-stat.-tit.-14a-14a-2-211","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 14A, § 14A-2-211","heading":"Discounts inducing payment by cash, check or similar","body":"means.\n\nA. With respect to all sales, service, and lease transactions\n\nincluding, but not limited to, any consumer credit sales\n\ntransaction, a discount which a seller offers, allows, or otherwise\n\nmakes available for the purpose of inducing payment by cash, check,\n\ndebit card, or similar means rather than by use of a credit card\n\nshall not constitute a credit service charge as determined under\n\nSection 2-109 of this title if the discount is offered to all\n\nprospective buyers clearly and conspicuously in accordance with\n\nregulations of the Administrator of Consumer Credit. There shall be\n\nno limit on the discount that may be offered by the seller.\n\nPursuant to the regulations of the Administrator, a seller who\n\nprovides a discount not in accordance with regulations shall\n\ndisclose such information to the Administrator.\n\nB. No seller may impose a surcharge on a cardholder who elects\n\nto pay using a credit card instead of paying by cash, check, debit\n\ncard, or similar means unless the seller complies with the following\n\nrequirements:\n\n1. Notice displaying the amount of the surcharge applicable\n\nshall be clearly and conspicuously posted at the point of entry and\n\nthe point of sale for in-person transactions and the home page and\n\nthe point-of-sale webpage for online transactions. Notice,\n\nincluding all required information, shall be verbally disclosed to\n\nthe customer for transactions processed over the phone; and\n\n2. No surcharge shall exceed two percent (2%) of the total\n\ntransaction or the actual amount to be charged to the person or\n\nretailer to process the credit card transaction, whichever is less.\n\nA customer shall not be considered to have chosen to use a credit\n\ncard as a method of payment under this section if, at the time of\n\nthe transaction, the person or retailer accepts only credit cards as\n\npayment.\n\nC. A seller who is registered with the United States Department\n\nof the Treasury as a money transmitter pursuant to 31 C.F.R.,\n\nSection 103.41, and who provides an electronic funds transmission\n\nservice, including service by telephone and the Internet, may charge\n\na different price for a funds transmission service based on the mode\n\nof transmission used in the transaction without violating this\n\nsection so long as the price charged for a service paid for with an\n\nopen-end credit card or debit card account is not greater than the\n\nprice charged for such service if paid for with currency or other\n\nsimilar means accepted within the same mode of transmission.\n\nD. Any seller subject to the provisions of subsection C of this\n\nsection shall either conduct business at a location in this state or\n\ncomply with the provisions of Section 1022 of Title 18 of the\n\nOklahoma Statutes.\n\nE. As used in this section:\n\n1. “Credit card” means any instrument or device, whether known\n\nas a credit card, credit plate, charge card, or by any other name,\n\nissued with or without fee by an issuer for the use of the\n\ncardholder in money, goods or services, or anything of value on\n\ncredit;\n\n2. “Seller” means any person, entity, or retailer doing\n\nbusiness in this state in any sales, service, or lease transaction\n\nincluding, but not limited to, any consumer credit sales\n\ntransaction; and\n\n3. “Surcharge” means any additional amount imposed by a person,\n\nentity, or retailer at the time of a credit card transaction that\n\nincreases the amount of the transaction for the use of a credit card\n\nas payment.\n\nF. For purposes of this section, a private educational\n\ninstitution as defined in paragraph (e) of Section 3102 of Title 70\n\nof the Oklahoma Statutes, a private school defined as a nonpublic\n\nentity conducting an educational program for at least one grade\n\nbetween prekindergarten through twelve, a municipality as defined in\n\nparagraph 5 of Section 1-102 of Title 11 of the Oklahoma Statutes or\n\na public trust with a municipality as its beneficiary may charge a\ntion as defined in paragraph (e) of Section 3102 of Title 70\n\nof the Oklahoma Statutes, a private school defined as a nonpublic\n\nentity conducting an educational program for at least one grade\n\nbetween prekindergarten through twelve, a municipality as defined in\n\nparagraph 5 of Section 1-102 of Title 11 of the Oklahoma Statutes or\n\na public trust with a municipality as its beneficiary may charge a\n\nservice fee. The service fee shall be limited to bank processing\n\nfees and financial transaction fees, the cost of providing for\n\nsecure transaction, portal fees, and fees necessary to compensate\n\nfor increased bandwidth incurred as a result of providing the\n\ntransaction.","path":["OK Code","Title 14A"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os14A.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"1e2157661d9ec2bcf72a0532591101b33019c05dc861d744e8cfc7ba8c8758de","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-14a-14a-2-210","next":"us-ok/okla.-stat.-tit.-14a-14a-2-301"},"notice":"GroundRules: Original legal text. Not legal advice."}