About Us

Our Mission

Our mission is to be an advocate for small, local businesses by providing payment processing services that are secure, innovative, and fairly-priced without a long-term commitment.

Our Vision

We envision being the premier, most trusted merchant services provider that community banks, credit unions, CPA firms, and trade associations recommend to their clients for payment processing.  We will accomplish this by continuing to prioritize client retention above new client acquisition and promoting a culture that emphasizes our three pillars of success:

  • Do what you say you’re going to do.
  • Treat people well.
  • Own up when you mess up.

Jaron Rice
Founder & CEO

Jaron Rice is a lifelong Marylander who currently resides in Howard County with his wife Jess, three biological tax deductions, and an English Cream Golden Retriever that sheds white hair on every single horizontal surface in the house. They also have a cat who loves Jess and hates Jaron. In other, unrelated news the cat might soon be homeless.

Jaron sits on the Board of Directors for the Better Business Bureau of Greater Maryland.  He’s also involved with BNI, the Northern Anne Arundel County Chamber of Commerce, the Pasadena Business Association, the Greater Severna Park & Arnold Chamber of Commerce, and the Greater Crofton Chamber of Commerce – all of which are clients of ours as we service their payment processing needs.  As an active member of the community, Jaron is a volunteer and pastor at South Shore Church in Crownsville.

Magothy Payments is a 2019 Torch Award for Ethics winner from the Better Business Bureau of Greater Maryland and the only MDOT Certified Minority Business Enterprise payment processing company in Maryland.

When he’s not working, Jaron is usually chasing tiny humans, glamping in the RV (glamour camping – when you like the outdoors but also like air conditioning and indoor plumbing), or losing at fantasy football.

Leah Drayer

Leah Drayer
Office Manager

Leah was our first full-time hire back in 2019.  As the Office Manager, she’s the engine that drives the bus.  She literally does everything.  She’s the first line of defense when it comes to customer service requests, client onboarding, and chargebacks.  If you’ve ever called the office, chances are you’ve had the pleasure of speaking with her.

Leah grew up as a child of missionaries.  Her family moved to the Philippines when she was 5 and didn’t return to the states until she was 21, so adjusting to American culture was quite the experience.

She’s a self-proclaimed coffee snob who shows up painfully early for everything.  So when you arrive two minutes before your scheduled appointment, she’s there waiting – latte in hand – secretly judging you. But we love her anyway.

The only thing she loves more than coffee and arriving early is house plants – and maybe cheese.  She’s been known to exclaim, “That’s some good cheese right there!” in the middle of lunch with the unbridled enthusiasm of a 5 year old in a Batman costume.

She’s also the loving mother of three [sometimes] wonderful kids, including a teen and a pre-teen.  As you can imagine, that makes her an expert in de-escalating stubborn, overly dramatic people – which is why she handles our customer service.  Pray for her.  She’s not okay.

Jake Holmes
Creative Director

Jake is the Creative Director for Magothy Payments and has been with us since January 2022. He brings a wealth of experience and creativity to his role, having spent several years in the creative industry, and a few years as a software specialist for a technology company. Jake first met Jaron in 2019 at their local church where they also Pastor alongside one another.

In addition to his professional work, Jake is a devoted family man with his wife, Karisa, and two kids who mean the world to him. Outside of work and his ministry, Jake loves to play music and is an avid fan of Manchester United. With his broad range of interests and experiences, Jake is a valuable asset to the Magothy Payments team and is dedicated to helping the company succeed.

Leah Drayer