When it comes to investing your hard-earned money or looking for a job, it is essential to make sure that the company you are dealing with is legitimate. There are several ways to check if a business is trustworthy, and here are some of the most reliable ones. One of the most reliable sources of information is the Better Business Bureau (BBB). This non-profit organization was founded in 1912 with the goal of increasing trust-based marketing.
All you have to do is enter the company name and read all the relevant information provided. This is primarily a rating site, but in addition to rating, people can express opinions and give information if they are aware of any scams or illegal activities the company is involved in. It's important to note that if a company isn't listed on the Better Business Bureau, that doesn't mean that the company or business is a red flag. You should take the time to thoroughly research the company under evaluation.
Start by searching for the company name using search engines such as Google. Go one step further and add “business name scams” to your search. This way, you can find any recent information about reported fraud or scams. Simultaneously, you should research the company with notable organizations that examine business credibility.
To get started, check your status with the Office of Better Business (BBB) and the Federal Trade Commission (FTC). Here, you'll be able to find out if the company was recently reported as illegitimate, untrustworthy, or a scammer. Another way to check if a business is legitimate is by looking at their payment methods. Companies may accept some money through insecure modes of payment, such as cash or paper check, however, if you are truly a legitimate company, there will be secure modes of payment available such as Pay Pal, Authorize, Net, Google Checkout, Stripe, We Pay, and 2 Checkout. This way you can make sure there is a way to get your money back without much trouble. Finally, you may want to use an online business analyzer to check if a company is genuine.
This tool can help you identify any potential risks associated with a particular business and provide you with an overall assessment of its legitimacy.