**UPDATE** Maryland’s Digital Ad Tax
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**UPDATE** Maryland’s Digital Ad Tax

Big Tech and their lobbyists came out guns blazing to contest the constitutionality of Maryland’s first-in-the-nation Digital Ad Tax. The US Chamber of Commerce and the Internet Association were among those who filed suit against the Old Line State. This tax would be levied against digital ad providers who make more than $100M a year…

The USPS Is Causing Chargebacks!
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The USPS Is Causing Chargebacks!

The United States Postal Service is causing many merchants to get chargebacks from their customers due to their inability to do their job and deliver packages in a timely manner with accurate tracking information. When a consumer purchases something from a business, they expect the item to be shipped and delivered in a timely fashion….

What Every MARYLAND Business Owner Needs To Know About Their Credit Card Processing.
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What Every MARYLAND Business Owner Needs To Know About Their Credit Card Processing.

Maryland’s House Bill 777 was signed into law on April 30, 2019 and took effect October 1, 2019. Jaron Rice, Founder & CEO of Magothy Payments, authored this bill to help protect Maryland small businesses from the predators in the payment processing industry. In times past, big banks and merchant services providers could lock small…

Visa & Mastercard Guidelines for Declined Transactions
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Visa & Mastercard Guidelines for Declined Transactions

If you’re a business trying to run a card-not-present transaction on your customer’s card, Visa and Mastercard have specific guidelines about how you should proceed if the initial transaction is declined: A card should always be run for the full amount owed, splitting a charge into lesser amounts on the same card simply increases the…

Don’t Use DoorDash or GrubHub for Carryout!
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Don’t Use DoorDash or GrubHub for Carryout!

If you regularly order carryout from a local restaurant, considering ordering from them directly through their website or over the phone as opposed to using DoorDash, GrubHub, Uber Eats, and the like. These companies can charge 30% to the business for orders that come through their platform even if the customer is coming to pick…

How COVID-19 Is Affecting The Payment Processing Industry
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How COVID-19 Is Affecting The Payment Processing Industry

While the world is still amidst a global pandemic, many of us in the payment processing industry are seeing the effects on the business community in a way that no one could’ve predicted. BEGIN TRANSCRIPT:  Good afternoon. Jaron Rice, founder and CEO of Magothy Payments. Today is April 17th and I wanted to give you…