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.

Karen Pendleton

Karen Pendleton
Customer Support Specialist

Karen has been with us since 2017, starting out as a 1099 sales contractor and coming on board as an employee in 2019.  She’s our work mom and helps to keep us all in line.  As the Executive Assistant her primary responsibility is connecting with referrals and other prospective clients to schedule sales appointments and gateway demos for Jaron.  She also helps with customer service, installations, and anything else that needs to be done.  As a small team, we all have to wear multiple hats.

Karen loves everything blue crab: catching them, cooking them, and eating them.  She’s the grandmother of two fur babies, and like most grandmothers she takes pleasure in getting them all wound up and sending them home to their parents.

She enjoys a good Pinot Grigio, crocheting, and watching Forensic Files – possibly all at the same time.  The good news is that if you ever needed to dispose of a dead body without leaving any evidence, she could [probably] give you some solid advice.  In unrelated news, her husband Curt of almost 30 years has mastered the art of sleeping with his eyes open.

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.

Leah Drayer