Orbital Credit Card Processing: A Deep Dive

In today’s fast-paced digital world, credit card processing has become an indispensable aspect of conducting business. Whether you’re a brick-and-mortar store, an e-commerce platform, or a service provider, the ability to accept credit card payments is crucial for attracting customers and driving revenue. Among the various payment processing solutions available, Orbital credit card processing stands out as a robust and versatile option, particularly for businesses with high-volume transactions or complex needs.

Hallo Readers en.rujukannews.com, welcome to a comprehensive exploration of Orbital credit card processing. In this article, we’ll delve deep into the intricacies of this payment solution, examining its features, benefits, drawbacks, and how it compares to other processing options. By the end, you’ll have a thorough understanding of whether Orbital is the right choice for your business.

What is Orbital Credit Card Processing?

Orbital credit card processing, also known as Orbital Payment Gateway, is a payment processing solution offered by Chase Merchant Services (formerly known as Chase Paymentech). It’s designed to handle a wide range of payment processing needs, from simple online transactions to complex, high-volume payment environments. The core function of Orbital is to facilitate the secure transfer of payment information between merchants, banks, and card networks like Visa, Mastercard, American Express, and Discover.

Key Features of Orbital Processing:

Orbital processing boasts a suite of features designed to cater to the diverse needs of businesses:

• Payment Gateway: Orbital acts as a secure payment gateway, enabling merchants to accept credit and debit card payments online, over the phone, and in person.
• Virtual Terminal: The virtual terminal allows merchants to manually enter credit card information for phone or mail-order transactions.
• Recurring Billing: Orbital supports recurring billing, making it ideal for subscription-based businesses. Merchants can set up automated billing cycles for their customers.
• Fraud Prevention: Orbital provides robust fraud prevention tools, including address verification service (AVS), card verification value (CVV) checks, and real-time transaction monitoring, helping merchants minimize the risk of fraudulent transactions.
• Reporting and Analytics: Orbital offers comprehensive reporting and analytics tools, allowing merchants to track sales, identify trends, and gain insights into their payment processing performance.
• Integration Capabilities: Orbital integrates seamlessly with various e-commerce platforms, shopping carts, and accounting software, simplifying the payment process for merchants.
• Multi-Currency Support: For businesses operating internationally, Orbital supports multiple currencies, allowing them to accept payments from customers worldwide.
• Tokenization: To enhance security, Orbital offers tokenization, which replaces sensitive cardholder data with unique tokens, reducing the risk of data breaches.
• Customer Information Manager (CIM): This feature allows merchants to securely store customer payment information for future transactions, streamlining the checkout process for returning customers.

Benefits of Using Orbital Processing:

Orbital processing offers several advantages that make it an attractive option for businesses:

• Scalability: Orbital is designed to handle high-volume transactions, making it suitable for businesses of all sizes, from small startups to large enterprises.
• Security: Orbital employs advanced security measures, including encryption and tokenization, to protect sensitive cardholder data and ensure PCI DSS compliance.
• Reliability: With a proven track record and robust infrastructure, Orbital provides a reliable payment processing solution that minimizes downtime and ensures smooth transactions.
• Flexibility: Orbital supports a wide range of payment methods, including credit cards, debit cards, and ACH payments, providing customers with multiple payment options.
• Integration: Orbital’s seamless integration with various e-commerce platforms and shopping carts simplifies the payment process and reduces the need for manual data entry.
• Fraud Protection: Orbital’s comprehensive fraud prevention tools help merchants minimize the risk of fraudulent transactions and protect their revenue.
• Customer Support: Chase Merchant Services provides dedicated customer support to assist merchants with any issues or inquiries they may have.

Drawbacks of Orbital Processing:

While Orbital processing offers numerous benefits, there are also some drawbacks to consider:

• Pricing: Orbital’s pricing structure can be complex and may involve various fees, including transaction fees, monthly fees, and setup fees. It’s essential to carefully evaluate the pricing structure to ensure it aligns with your business’s needs and budget.
• Contractual Obligations: Orbital typically requires merchants to sign a contract, which may include early termination fees if the contract is canceled before the agreed-upon term.
• Application Process: The application process for Orbital processing can be more complex than other payment processing solutions, requiring businesses to provide detailed information and undergo a thorough review process.
• Customer Service: While Chase Merchant Services provides customer support, some users have reported issues with response times and the quality of support provided.
• Limited Customization: Compared to some other payment processing solutions, Orbital may offer limited customization options.

How Orbital Compares to Other Payment Processing Solutions:

To determine if Orbital is the right choice for your business, it’s essential to compare it to other payment processing solutions available in the market. Here’s a comparison of Orbital with some popular alternatives:

• PayPal: PayPal is a widely used payment processing solution, particularly for small businesses and online transactions. It offers a user-friendly interface, easy setup, and competitive pricing. However, PayPal may not be suitable for businesses with high-volume transactions or complex needs.
• Stripe: Stripe is a popular payment gateway known for its developer-friendly platform, flexible APIs, and transparent pricing. It’s a good option for businesses with technical expertise and those looking for a customizable payment processing solution. However, Stripe may not be ideal for businesses with a large number of international transactions.
• Square: Square is a popular point-of-sale (POS) system that also offers payment processing services. It’s well-suited for brick-and-mortar stores and businesses that need a simple, all-in-one solution. However, Square’s pricing can be higher than other options, especially for high-volume transactions.
• Other Merchant Account Providers: There are numerous other merchant account providers that offer payment processing services. These providers may offer competitive pricing and customized solutions to meet the specific needs of different businesses.

Choosing the Right Payment Processing Solution:

The best payment processing solution for your business depends on your specific needs and requirements. Consider the following factors when making your decision:

• Transaction Volume: Businesses with high-volume transactions may benefit from Orbital processing, as it’s designed to handle large volumes of payments.
• Transaction Types: If you accept a variety of payment types, including online, phone, and in-person transactions, Orbital offers a comprehensive solution.
• Security Needs: If security is a top priority, Orbital’s robust fraud prevention tools and tokenization features can help protect your business from fraudulent activity.
• Integration Requirements: If you need to integrate your payment processing solution with your e-commerce platform, shopping cart, or accounting software, Orbital offers seamless integration capabilities.
• Pricing: Carefully evaluate the pricing structure of each payment processing solution and compare it to your business’s budget and transaction volume.
• Customer Support: Consider the level of customer support provided by each provider and ensure it meets your business’s needs.

Conclusion:

Orbital credit card processing is a powerful and versatile payment processing solution that’s well-suited for businesses with high-volume transactions, complex needs, and a strong focus on security. It offers a wide range of features, including a payment gateway, virtual terminal, recurring billing, fraud prevention tools, and comprehensive reporting and analytics. While Orbital may have some drawbacks, such as complex pricing and contractual obligations, its benefits often outweigh the negatives, especially for businesses that require a reliable and scalable payment processing solution.

Before choosing Orbital processing, carefully evaluate your business’s specific needs and requirements, compare it to other payment processing solutions, and consider the factors outlined above. By making an informed decision, you can select the payment processing solution that best meets your business’s needs and helps you drive revenue and grow your business.