What is the 1 percent transaction fee?
To provide the state and business community with purchasing tools and technology, the state instituted a 1 percent transaction fee for procurement transactions. The State of Florida applies the 1 percent fee to all transactions processed through the MyFloridaMarketPlace system; in addition, business conducted with the State of Florida outside of MyFloridaMarketPlace is still subject to the 1 percent transaction fee unless specifically exempt by rule. The MFMP 1 percent transaction fee provides vendors with electronic access to state agency buyers and to also provide vendor support activities. Please note there is no initial registration or ongoing subscription fee charged to vendors. For additional information, 60A-1.031 (pdf 80.44 kB) addresses the use of transaction fee language in purchasing transactions (unless exempted), and; 60A-1.032 addresses the transaction fee exemptions.
