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When do I get funds from a transaction? Hot
Connect®,
operates much in the same
manner as a standard point of sale terminal. When your customer makes a purchase
the funds will be transfered to your merchant account by the processing company,
usually within 1-2 business days.
Does
that happen automatically? No, all shopping
cart transactions will be separated into three catagories. "Authorized",
"Review", or "Bad". Authorized sales carry all necessary information
to process (a-code and good address verification). Sales in "Review"
also carry an a-code, but have partial or complete address verification failure.
Sales in "Bad" have been denied. Why
not automatic? All
sales in the "Authorized" state may be processed. You may click "process
all", and they will go immediately to the daily batch run. But you may also
hold back transactions that are connected to a back ordered item. In this manner,
you may cancel their order if it becomes necessary, while being charged no transactions
fees. If these sales were processed, you would have to pay for the initial sale
transaction fees AND then the return fees as well. What
do I do with the sales in "Review" ?
These transactions may be typographical errors, causing a bad address verification.
This allows you to make contact with your customer for further information, and
since they carry a valid a-code, you may also add them to your daily batch run***
saving many lost customers. Why
even keep bad transactions? Many
times this is a typographical error or mistake in the credit card information
area. This assures you the information to contact a valued customer. These records
can also be valuable in alerting a business to fraud.
Can it be that easy? It is. On Hot Connect®,
we supply you with an entire e-commerce operating system. You move your domain
to our server and add your products to your own shopping cart and begin selling
(Licensing and set up required)
You are
even supplied with our own HC
Verify® to
track your transactions real time. Can't
your system be added to my current site? No,
we're sorry, our server is configured specifically for this system. Complete server
packages are available with all necessary licensing and software. Can
we do our own design work? Yes,
but some restrictions apply to secure areas. Will
I have a Secure Server? Yes,
as part of the initial set up, we will file your application for a secure server
license. You'll have a secure server and be displaying the padlock during credit
card transactions. If you aren't planning to sell on the Web right away, you won't
need one. Do
my secure transactions happen on hotconnect.net? No, your secure transaction
will stay in your domain. Your customers will see http://www.(yourdomain) switch
to https://secure.(yourdomain) and
never see an address change away from your domain, as it should be. All secure
areas will display the padlock insuring your customer that it is safe. Does
my company use a shared shopping cart with other companies on your server? No,
you will have your own shopping cart. Hot Connect
supplies each domain with the frame work
of a complete e-commerce store. A stand alone shopping cart, licensed secure area,
Hot Connect
transaction processing interface and shopping cart administrator! All for one
price. Do
you host basic sites (non e-commerce) as well? Yes,
we do and if you're planning to become an e-commerce site in the future, then
using Hot Connect is an excellent idea. Making the change over will be quite easy. What
makes your process better? Your
money is deposited directly into your bank account. NO MIDDLE MAN! Sites
that use something like PayPal, are always at the mercy of another site. If they
go down, your customer can't finish his transaction and leaves. These sites increase
the processing time substantially, as well as the cost of transactions! Also,
your money is going into another companies bank account! Many
of these companies even require you to prove your customer received his order
before you get paid. With our Hot Connect®
system, your money is deposited directly into your
bank account. There are no compounded charges, and endless hours of work for your
accounting department are saved as well. Our
system is on our own local server and all transactions are completed within one
home site. Making all transactions much faster. Remember,
the processing company is charging you a transaction fee as well as a percentage
of every transaction. Other companies are ALSO charging you another transaction
fee and percentage on top of that. With Hot Connect
you only pay for e-commerce hosting.
We don't take a fee for every transaction. Are
these transactions safe?
Yes they are. All information regarding credit card transactions is encrypted
within a secure server. Where
do I get a Merchant account? If
you already have a business account, contact your banking representative. Most
banks can handle your needs. How
do I get MY orders from the server safely?
All orders and information are encrypted. You will receive
an e-mail that is encrypted with PGP encryption. Your orders are only viewable
with your secret personal key. We advise keeping ALL encrypted information, encrypted,
on your hard drive. One step better, save all vital information on a removable
drive ie: ZIP or CD(While Still Encrypted).
How hard is your shopping cart to understand? Our
cart is very flexible and can do almost anything you want it to. You will be able
to change your own products, prices, images etc with very little time in training
(approx five hours). Again, we will help you with as much or as little as you
require. How
do I get started? You contact
your Hot Connect®
representative, and they will start your registration
process. You will also be contacted directly from a local Global Payments representative
(nationwide) to begin your approval process. Do
you only use Global Payments ? Yes we do, we
have taken great effort to locate the best available service for ALL your credit
card processing needs. |