Credit Card Processing

Maryland’s Highest-Rated Merchant Services Provider

Experience what it feels like to have a trusted partner for your payment needs.

Payment Environments

Using the power of technology, securely run transactions in your CRM linked directly to our virtual terminal

Secure Online Transactions

With solutions like API keys, hosted payment links, recurring billing, webhooks for instant payment notifications, and so much more, Magothy can help your business soar to the next level by freeing up your key employees to do the more important work in order to grow your business in both gross profit and revenue.
Read More Secure Online Transactions
Virtual Terminal or API Based payments


All online transactions are Card-Not-Present (CNP), but not all CNP transactions are online transactions. At Magothy, we understand the risk that Keyed-In transactions present to a merchant. Our virtual terminal allows you to securely run a transaction from any browser, including mobile browsers, to allow you the flexibility of running a transaction anywhere.
Read More Card-Not-Present
Card Present Transactions

Card Present (EMV & NFC)

When you think of using your credit card, a card-present transaction is usually the first thing that comes to mind. Whether its a coffee shop or major retailer, our transparent statements & pricing model allows you to see the actual cost of processing each transaction which can help you better understand and control costs.
Read More Card Present (EMV & NFC)

Crafting Your Ideal Solution


Discovery Call

We have learned that when it comes to payment processing, one size fits all doesn’t work. We want to learn more about your business to understand your needs and tailor our solutions to meet those needs.


Present Proposal

Once we have more info on your business, we will generate a proposal that outlines the solution(s) we recommend, along with estimated savings and the next steps of what implementation and training would look like.


Decision Time

The ball is officially in your court. If you are satisfied with the estimated savings of time and money (which we’re positive you will be), you decide yes or no. We think it’s a fairly easy decision.

In The Community

Minority Owned

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.

Community Centered

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.

our standard INterchange+ pricing

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!

Standard Interchange+ Pricing
0.50% + $0.10

Transparent Pricing
No Hidden Fees
No Long-Term Contracts
No Cancellation Fee
In-House Customer Support
Client Reporting Dashboard
Chargeback Assistance