Credit sales; prohibiting charge of network fees and interchange fees on certain transactions. Effective date.

SB 1095 prohibits credit card processing fees (network fees and interchange fees) on specific portions of transactions for Oklahoma merchants. It directly affects businesses that accept credit cards by eliminating these fees for: (1) amounts covering sales tax, excise tax, or customer tips, and (2) donations to 501(c)(3) nonprofit organizations. The law takes effect November 1, 2025, ensuring these transaction portions are charged at the merchant’s stated price without additional processing costs. This is a concrete policy change targeting fee structures on tax/tip and charitable transactions.