Actually, it isn't true that both would see the other as having time move slowly. That would be true if they were zooming past each other and the distances were increasing, but it sounded like in the OP the space traveller was going "around", i.e., in a circle. That changes a lot-- the person on Earth still sees the space traveller's time as going just as slowly as before, but the space traveller cannot see Earth time as going slowly. That can only happen if there is a "relativity of simultaneity" disconnect that is constantly increasing as they separate more and more. But here, they are not separating at all, in fact at any time they can check each other's ages with no ambiguity because they are both in essentially the same place. Hence, the space traveller must agree that the Earthbound person's time is going more rapidly than their own-- there is no disagreement on this. What spoils the special relativistic "time dilation" effect for the space traveller is that they are not in an inertial frame. They must have a huge acceleration toward Earth, so would be thrown to the outside of their spaceship, as though there was a very strong gravity pointing away from Earth. That very strong gravity would be the reason they attribute time as flowing rapidly on Earth, despite Earth's relative speed to them.
It's actually a nice way to derive the general relativistic effects on time here, because you know from the need for the two people to agree on their ages that the Lorentz factor of the orbiter must determine the entire temporal differences that both people must agree on. Since the space traveller also perceives that Lorentz factor for Earth, yet must get the same answer for the increased aging of the Earthbound person, we can conclude that the general relativistic effect due to the accelerating frame is exactly double the time dilation due to the Lorentz factor. Placing the Earthbound person at the center of the Earth, and calculating the difference in effective gravitational potential due to the fictitious forces, gives you the gravitational effect on the passage of time. (To find the effective potential, imagine a spinning rigid body, and use the centrifugal fictitious force like a gravity.)