Transaction management charges (TMCs)

What are transaction management charges or TMCs?

Transaction management charges or TMCs are charges applied to Jisc Collections licence agreements to cover the costs associated with providing an administration service to pay content owners/vendors on behalf of a Jisc member or customer. They only apply when Jisc is responsible for invoicing a Jisc Collections licence. They are set as fixed amounts, determined by multiple factors. TMCs are calculated after a product is added to a customer's basket and are visible during the checkout process.

For full details, and to find out how TMCs are calculated, please see our transaction management charges rules with accompanying FAQs.