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...
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,...
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...
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...
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...
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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