Maryland’s Highest-Rated Merchant Services Provider
Experience what it feels like to have a trusted partner for your payment needs.
Payment Environments
Secure Online Transactions
Card-Not-Present
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!
Procurement
View our full Capabilities Statement, here!
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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.
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!
*Interchange+ 0.50% and 10 cents are for standalone processing using the Magothy Payment Gateway or a standard terminal. Bundled services or software-integrated payments may have different pricing.
• Transparent Pricing
• No Hidden Fees
• No Long-Term Contracts
• No Cancellation Fee
• In-House Customer Support
• Client Reporting Dashboard
• Chargeback Assistance
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