Maryland’s Highest-Rated Merchant Services Provider
Experience what it feels like to have a trusted partner for your payment needs.
Crafting Your Ideal Solution
In The Community
We are proud to be an MDOT Certified MBE/DBE/SBE for 5+ years and counting. We also think it’s worth mentioning that while there are more than 1,400 ISO’s in the country, less than 10 are owned and operated by an African-American, which puts us in an elite company.
Unfortunately, a few bad apples in the payment processing space have given the entire industry a bad reputation. One of the reasons Magothy Payments exists is to restore honesty and transparency to the industry. One of the ways we have done this is with the Maryland House Bill 777. Learn more about it, here!
View our full Capabilities Statement, here!
We’re ETA Certified!
The ETA is the leading trade organization for the payment processing industry. It’s where payments and technology intersect. With over 500 members worldwide, including all the major card brands and banks, the ETA provides many helpful resources as well as a platform for collaboration that propels the industry forward. Their Certified Payments Professional certification is the gold standard for industry ethics and education – a certification that very few payment professionals hold. Our CEO, Jaron Rice, is one of only nine Certified Payments Professionals in the state of Maryland.
Transparency. Flexibility. Fairness.
We use interchange+ pricing and fully disclose our markup on your monthly statement, both as a percentage and as a dollar figure. This means our clients know exactly how much revenue we generate from servicing their accounts. Ask us today about True Daily Funding!
• Transparent Pricing
• No Hidden Fees
• No Long-Term Contracts
• No Cancellation Fee
• In-House Customer Support
• Client Reporting Dashboard
• Chargeback Assistance