Orion Payment Systems Pricing
The standard Orion Payment Systems contract outlines a three-year agreement through Global Payments with automatic renewal for one-year terms. The fees listed include an early termination fee equal to the lesser of $295 or the maximum amount allowed under state law, an annual PCI compliance fee of $49, a PCI noncompliance fee of $20 per month, and a monthly regulatory fee of $4.50. Variable monthly minimum fees and application fees may also apply. The merchant agreement also mentions the option to lease equipment through Global Payments, whose standard equipment leases are non-cancellable for a term of 48 months.
Virtual Terminal and Payment Gateway Pricing
In addition to its storefront payment processing services, Orion Payment Systems also dedicates a portion of its website that advertises its virtual terminal and payment gateway. The company is partnered with eProcessingNetwork and Sage Payment Solutions for these services. However, pricing on either of those services is not disclosed. However, eProcessing Network charges a $0.05 per transaction gateway fee and a monthly fee of up to $10 per month, which could apply to merchants using their payment gateway through Orion Payment Systems. However, this is not confirmed by the company’s standard contract. Additional rates and fees, including gateway fees, technical support fees, batch fees, and additional transaction rates typically apply to these e-commerce services.
Level 2 and Level 3 Processing Services
In addition to its traditional merchant services, Orion Payment Systems also advertises that it provides level 2 and level 3 processing for b2b and b2g transactions. Level 2 and level 3 processing rely upon different interchange rates than traditional consumer credit transactions. Accommodating those rates requires different payment processing technology from a merchant account provider to transmit the amount of data required to facilitate the transactions. These services are reserved for b2b and b2g purchases that utilize corporate credit cards. Merchants who process between 1 million and 6 million Visa or MasterCard transactions qualify for level 2 processing through Orion. Merchants who process between 20,000 and 1 million Visa or MasterCard e-commerce transactions qualify for level 3 processing with the company.
Industry-Average Terms
These contract terms are essentially average for the merchant services industry. However, we have not found any Orion Payment Systems complaints regarding the company’s pricing and fees, which indicates that most merchants are comfortable with the amounts they are being charged. We have therefore assigned the company a “B” rating in this section, but urge merchants to compare Orion’s rates to low-cost alternatives. If you have had any experience with the Orion Payment Systems contract, please share that information in the comment section below this review.
