In today’s digital age, accepting credit card payments is no longer a luxury but a necessity for businesses of all sizes. Consumers increasingly prefer the convenience and security of using credit cards for their purchases, whether online or in-person. This demand has fueled the growth of credit card processing services, with numerous providers vying for the attention of merchants. Among the established players in this field, Orbital Credit Card Processing stands out as a robust and versatile solution offered by Worldpay, a global leader in payment processing technology.
Hallo Reader viral.erudisi.com! In this comprehensive guide, we will delve into the intricacies of Orbital Credit Card Processing, exploring its features, benefits, security measures, integration options, and pricing structures. Whether you are a small business owner looking to set up your first payment gateway or a large enterprise seeking to optimize your existing payment infrastructure, this article aims to provide you with valuable insights into how Orbital can empower your business to seamlessly and securely accept credit card payments.
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What is Orbital Credit Card Processing?
Orbital is a payment gateway and processing platform developed by Worldpay, designed to facilitate secure and efficient credit card transactions for businesses. It acts as an intermediary between the merchant, the customer, the acquiring bank, and the card networks (such as Visa, Mastercard, American Express, and Discover). When a customer makes a purchase using their credit card, Orbital securely transmits the transaction data to the acquiring bank for authorization. Once approved, the funds are transferred from the customer’s account to the merchant’s account.
Orbital supports a wide range of payment methods, including:
- Credit cards: Visa, Mastercard, American Express, Discover, and other major credit cards.
- Debit cards: Visa Debit, Mastercard Debit, and other debit cards.
- ACH payments: Electronic funds transfers directly from the customer’s bank account.
- Alternative payment methods: Digital wallets like Apple Pay and Google Pay (depending on integration).
Key Features and Benefits of Orbital Credit Card Processing
Orbital offers a comprehensive suite of features and benefits designed to meet the diverse needs of businesses across various industries:
- Secure Payment Gateway: Orbital utilizes advanced encryption and security protocols to protect sensitive customer data during transmission and storage. It is PCI DSS compliant, ensuring adherence to the highest industry standards for data security.
- Fraud Prevention Tools: Orbital incorporates a range of fraud prevention tools to help merchants mitigate the risk of fraudulent transactions. These tools include address verification service (AVS), card verification value (CVV) verification, and customizable fraud filters.
- Recurring Billing: Orbital supports recurring billing, allowing businesses to automatically charge customers on a regular basis for subscriptions, memberships, or other recurring services. This feature simplifies billing processes and improves cash flow.
- Tokenization: Orbital offers tokenization services, which replace sensitive credit card data with unique, non-sensitive tokens. These tokens can be safely stored and used for future transactions without exposing the actual credit card numbers.
- Reporting and Analytics: Orbital provides robust reporting and analytics tools that allow merchants to track transaction data, identify trends, and gain insights into their payment processing performance. These insights can be used to optimize payment strategies and improve business decision-making.
- Multi-Currency Support: Orbital supports processing payments in multiple currencies, enabling businesses to cater to international customers and expand their global reach.
- Virtual Terminal: Orbital includes a virtual terminal, which allows merchants to manually process credit card payments over the phone or through the mail. This feature is particularly useful for businesses that do not have a physical point-of-sale system.
- Integration Options: Orbital offers a variety of integration options to seamlessly integrate with existing e-commerce platforms, accounting software, and other business systems.
- Customer Support: Worldpay provides comprehensive customer support to Orbital users, including phone support, email support, and online documentation.
Security Measures Implemented by Orbital
Security is paramount in the world of credit card processing, and Orbital employs a multi-layered approach to protect sensitive customer data and prevent fraud:
- PCI DSS Compliance: Orbital is fully compliant with the Payment Card Industry Data Security Standard (PCI DSS), a set of security standards designed to protect cardholder data.
- Encryption: Orbital uses advanced encryption technologies to protect sensitive data during transmission and storage. This includes Secure Socket Layer (SSL) encryption for online transactions and encryption of stored data at rest.
- Tokenization: As mentioned earlier, Orbital offers tokenization services to replace sensitive credit card data with non-sensitive tokens. This reduces the risk of data breaches and protects customer information.
- Fraud Prevention Tools: Orbital incorporates a range of fraud prevention tools, such as AVS, CVV verification, and customizable fraud filters, to help merchants identify and prevent fraudulent transactions.
- Address Verification Service (AVS): AVS verifies the billing address provided by the customer against the address on file with the card issuer. This helps to prevent fraudulent transactions by ensuring that the customer is authorized to use the card.
- Card Verification Value (CVV): CVV is a three- or four-digit security code printed on the back of credit cards. Orbital verifies the CVV to ensure that the customer has physical possession of the card.
- Fraud Filters: Orbital allows merchants to customize fraud filters to block transactions that meet certain criteria, such as high transaction amounts, suspicious IP addresses, or transactions from high-risk countries.
Integration Options with Orbital
Orbital offers a variety of integration options to seamlessly integrate with existing e-commerce platforms, accounting software, and other business systems:
- API Integration: Orbital provides a robust API (Application Programming Interface) that allows developers to directly integrate Orbital with their custom applications and websites. This provides maximum flexibility and control over the payment processing process.
- E-commerce Platform Integrations: Orbital offers pre-built integrations with popular e-commerce platforms such as Shopify, WooCommerce, Magento, and BigCommerce. These integrations simplify the process of setting up and configuring Orbital for online stores.
- Payment Gateways: Orbital can be integrated with various payment gateways to provide a seamless payment experience for customers.
- Mobile SDKs: Orbital offers mobile SDKs (Software Development Kits) for iOS and Android, allowing developers to integrate Orbital with their mobile applications.
- Hosted Payment Pages: Orbital provides hosted payment pages that can be easily integrated into websites. These pages are PCI DSS compliant and provide a secure environment for customers to enter their payment information.
Pricing and Fees Associated with Orbital
The pricing and fees associated with Orbital Credit Card Processing can vary depending on several factors, including the merchant’s industry, transaction volume, and risk profile. It is essential to carefully review the pricing structure and negotiate terms with Worldpay to ensure that you are getting the best possible deal.
Common fees associated with Orbital Credit Card Processing include:
- Transaction Fees: A percentage of each transaction amount, plus a fixed fee per transaction.
- Monthly Fees: A fixed monthly fee for using the Orbital platform.
- Setup Fees: A one-time fee for setting up the Orbital account.
- Chargeback Fees: Fees charged when a customer disputes a transaction and requests a refund.
- Statement Fees: Fees for receiving paper statements.
- Other Fees: Other fees may apply, such as fees for address verification service (AVS) or card verification value (CVV) verification.
It’s crucial to compare the pricing and fees of Orbital with those of other credit card processing providers to determine which solution offers the best value for your business.
Who is Orbital Credit Card Processing Best Suited For?
Orbital Credit Card Processing is a versatile solution that can benefit a wide range of businesses, including:
- E-commerce Businesses: Orbital’s robust API and integrations with popular e-commerce platforms make it an ideal choice for online stores.
- Retail Businesses: Orbital’s virtual terminal and support for various payment methods make it suitable for brick-and-mortar retail businesses.
- Subscription-Based Businesses: Orbital’s recurring billing feature simplifies the process of managing subscriptions and recurring payments.
- International Businesses: Orbital’s multi-currency support enables businesses to cater to international customers and expand their global reach.
- High-Volume Businesses: Orbital’s scalable infrastructure and robust reporting tools make it well-suited for businesses with high transaction volumes.
Alternatives to Orbital Credit Card Processing
While Orbital is a robust and reliable payment processing solution, it is not the only option available to businesses. Some popular alternatives to Orbital include:
- Stripe: A popular payment gateway known for its developer-friendly API and ease of use.
- PayPal: A widely recognized payment platform that offers a variety of payment options, including credit cards, debit cards, and PayPal accounts.
- Square: A popular payment processing solution that offers a range of hardware and software solutions for businesses of all sizes.
- Authorize.net: A well-established payment gateway that offers a variety of features and integrations.
- Braintree: A payment gateway owned by PayPal that offers a range of payment processing solutions for businesses of all sizes.
Conclusion
Orbital Credit Card Processing is a comprehensive and secure payment processing solution offered by Worldpay. It provides a wide range of features and benefits, including a secure payment gateway, fraud prevention tools, recurring billing, tokenization, and robust reporting and analytics. Orbital offers various integration options to seamlessly integrate with existing e-commerce platforms, accounting software, and other business systems. While the pricing and fees associated with Orbital can vary, it is a reliable and scalable solution that can benefit businesses of all sizes. By understanding the features, benefits, and security measures of Orbital, businesses can make informed decisions about whether it is the right payment processing solution for their needs. Remember to carefully evaluate your business requirements, compare pricing structures, and consider alternative solutions before making a final decision.