The check’s in the mail. We’ve all heard it before, right? Sadly, it usually isn’t. The good news is that our Magothy Payment Gateway also offers electronic check processing through the same portal as our credit/debit card processing. This means that you can send a payable invoice, or direct clients to your hosted payment page (which we can setup for your website) that allows your customer to pay with an electronic check.
While credit and debit cards pay you faster (as in the next day), electronic check processing will typically cost you a lot less. The platform is $20/mo and costs 50 cents per check, whether it’s a $5 check or $5000 check. Electronic checks take 3-4 days to fund to your account, which is almost always faster than the mysterious check in the mail.
On April 30, 2019. Governor Hogan signed HB777 into law. To read more about the bill visit www.magothy.biz/hb777 Maryland’s HB777 and its senate companion SB694 were designed to bring more transparency to the payment processing industry in the great state of Maryland. The Problem: Many small businesses get locked...
Read More >Mar
04
Have you ever heard the saying, “One bad apple spoils the barrel?” It’s true, ya know. An overripe, spoiled apple will emit significantly higher levels of ethylene gas causing other apples around it to overripen as well. We often use this saying or variations of it to describe how low character people can be bad influences on...
Read More >Jan
17