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**UPDATE** Maryland’s Digital Ad Tax

**UPDATE** Maryland’s Digital Ad Tax

by Jaron Rice | Mar 3, 2021 | Industry Updates, What's Happening

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...
The USPS Is Causing Chargebacks!

The USPS Is Causing Chargebacks!

by Jaron Rice | Jan 11, 2021 | Industry Updates, Tips & Tricks, What's Happening

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

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

by Jaron Rice | Nov 30, 2020 | Industry Updates, What's Happening

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...
Visa & Mastercard Guidelines for Declined Transactions

Visa & Mastercard Guidelines for Declined Transactions

by Jaron Rice | May 14, 2020 | Industry Updates, Tips & Tricks

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

Don’t Use DoorDash or GrubHub for Carryout!

by Jaron Rice | Apr 29, 2020 | Industry Updates, Tips & Tricks, What's Happening

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

How COVID-19 Is Affecting The Payment Processing Industry

by Jaron Rice | Apr 17, 2020 | Industry Updates, What's Happening

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...
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Recent Posts

  • HUGE ANNOUNCEMENT!!
  • **UPDATE** Maryland’s Digital Ad Tax
  • STOP THE MARYLAND DIGITAL AD TAX!
  • The USPS Is Causing Chargebacks!
  • Are You Shopping Locally For Your Payment Processing?

Recent Comments

    Check Out Our Reviews

    What Magothy Payments means to the people we serve…

    Magothy Payments came as a recommendation from our accountant who realized how much we were paying with our old company. Jaron made the process very easy by reviewing our old statements to see if there was any room for saving. After our consultation, he offered to use Magothy payments for one month and if we didn’t see any savings we had the option to walk away without losing anything. Jaron has been upfront from the beginning and has been there promptly to address any concerns we have with our system. I highly recommended Magothy Payments!

    Dr. Hetal Rana, Eye Associates
    Columbia, Maryland

    Worldwide Waterproofing changed payment processing companies in 2016 after 14 years of being with the same provider. We had a great initial meeting with Jaron and felt comfortable with his knowledge and expertise. Working with a local company that is easily accessible made sense for us. We hadn’t really tracked our credit card costs over the last several years, so we were BLOWN AWAY when we saved more than $2000 in our first month alone. This was the by far the best decision we could have made. We get our deposits next day, the platform is easy to use, and we finally have a relationship with the company funding our transactions. I couldn’t recommend Magothy Payments enough.

    Summer Hoder, Worldwide Waterproofing
    Pasadena, Maryland

    Magothy Payments has been GREAT for our business. We get calls from merchant services vendors every day. But when you need service from THEM, they are nowhere to be found. This never happens with Jaron and his team. Their personalized service is outstanding, and our costs are down too! I highly recommend you consider Magothy Payments for your business.

    Bruce Spencer, Walt Eger’s Service Center
    Severn, Maryland

    The team at Magothy Payments is nothing short of SPECTACULAR and I can’t recommend them enough! If you are tired of wondering if you are paying too much for your credit card processing and harassing daily calls about saving you money, I can assure you that Magothy Payments is your BEST option. Local, Personal and Professional, their integrity shines through at every service opportunity. The statements are transparent, the rates are the lowest, and they are focused on a long-term relationship that will save you money. Everyone that I have referred comes back to me very satisfied and glad that they made the change.

    Andy Byrd, Victory Awards & Promotions
    Severna Park, Maryland

    “When I was originally referred to Magothy Payments a few years ago, I was curious as to how a small, local business could compete on price with our big bank. I was blown away when they saved us more than $4000 in a single month! Even more impressive is their customer service. They’re attentive, responsive, and were able seamlessly integrate with our unique bus-charter software. Magothy Payments has been a huge asset to our business and I couldn’t recommend them enough. ”

    Ron Dillon, Atlantic Coast Charters
    Linthicum, Maryland

    “I’ve been with Magothy Payments since their inception in 2014. I’ve always been impressed with their integrity, their professionalism, and their industry expertise. You won’t find another company that will go to such great lengths to serve their clients. That’s why I’ve referred them to a dozen or so businesses over the years. I wouldn’t put my name and reputation on the line referring another business unless I was 110% confident that they’d make me look good, and Magothy Payments has never let me down. ”

    Chris Bauer, CarWorx & Trucks
    Pasadena, Maryland & Stevensville, Maryland

    “We were referred to Magothy Payments by our web development company, and I’m so glad that we were. We’ve been able to consolidate multiple merchant accounts from multiple providers into a single account with a single point of contact that allows us to take payments across multiple platforms – online, in person, and over the phone. The savings has been fantastic and the ease of use and streamlining of our operation has been wonderful. I’m so glad we’ve been able to work with a local business that can meet our needs like this. ”

    Kevin Kehus,  Chesapeake Bay Roasting Company
    Crofton, Maryland

    “As an e-commerce company, it seemed easy to go with Square, Stripe, or PayPal – one of the usual big players in this space. We decided to go with Magothy Payments because we wanted to deal with actual human beings, and we’re so glad we made that choice. Our site and pricing are rather complex because they integrate UPS for shipping, so having a person that we can reach on the phone is very, very convenient and reassuring. With any robust e-commerce business, there are challenges between development, integration and payment processing, but Magothy has been there every step of the way and has earned our trust and respect for being so attentive. ”

    Geoff Knapp, Ship Guitars
    Baltimore, Maryland

    The USPS Is Causing Chargebacks!

    The USPS Is Causing Chargebacks!

    by Jaron Rice | Jan 11, 2021 | Industry Updates, Tips & Tricks, What's Happening

    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,...

    Are You Shopping Locally For Your Payment Processing?

    Are You Shopping Locally For Your Payment Processing?

    by Jaron Rice | Dec 15, 2020 | Tips & Tricks

    With COVID-19 and government regulations wreaking havoc on the small business community across the country, it's incredibly important for small businesses to stick together. Everywhere I turn, I hear business owners talking about the importance of shopping locally....

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

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

    by Jaron Rice | Nov 30, 2020 | Industry Updates, What's Happening

    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...

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