At Magothy Payments, we believe that relationships are greater than transactions. As Maryland's highest-rated merchant services provider, we're incredibly proud of our 98% customer retention rate - which we've managed to achieve with no long-term contracts and no cancellation fees. We've built this company on three pillars of success:
It's certainly not rocket science, but it is a breath of fresh air in this industry. Our clients value our relationship because not only are we saving them tremendous amounts of money, we're educating them about the industry, offering stellar customer service, and going above and beyond to help their businesses flourish. You see, we only succeed when our clients succeed, and that's exactly how it should be..
If we can’t save you money on your processing, we’ll pay you $1000 just for wasting your time.
Jaron Rice is a lifelong Marylander who currently resides in Pasadena with his wife Jess, their three small children (Nathan, Reagan, and Carly), and Manny their Golden Retreiver. He started Magothy Payments in 2014 as a way to earn some extra income to help replace Jess' salary after she expressed her desire to stay home with the children. In 2016, the business grew more than 700% and he was able to quit his day job to focus on growing Magothy full-time. Mr. Rice serves as Anne Arundel County's Regional Growth Coordinator for BNI and he's on the Board of Directors for the Better Business Bureau of Greater Maryland. As an active member of the community, he's also a volunteer and prospective elder at Redemption Church in Arnold. When he's not working, Jaron is usually chasing tiny humans, falling victim to his wife's Nerf gun sneak attacks, or losing way too much money playing fantasy football.
If we can’t save you money on your processing, we’ll pay you $1000 just for wasting your time.
