Whether searching for an online background check service or a debt consolidation company, you may have come across the Better Business Bureau (BBB), or more specifically, the rating each business has with the organization.
So what exactly is the BBB, and how can their ratings be used to help you decide which businesses to trust?
Read on to learn more about the Better Business Bureau, how they operate, and what their ratings mean.
What Is The Better Business Bureau?
The Better Business Bureau (BBB) is a non-profit organization that offers information on businesses, startups, and organizations to the general public.
It also deals with customer complaints concerning businesses. This non-profit bureau has devised a rating system for enterprises on a level of A+ to F.
Each ranking is based on a set of factors pertaining to a company’s ethics and effectiveness.
Companies may get advice from the BBB on how to conduct themselves appropriately. The bureau also certifies businesses that fulfill its criteria and pay annual dues.
A company must operate with openness, be properly licensed, follow BBB advertising standards, and have no outstanding customer complaints in order to receive certification.
Benefits of a BBB Rating
There are many benefits to having a good rating with the Better Business Bureau. A high ranking may signify that a business is trustworthy, ethical, and transparent.
This can be helpful for consumers who are looking for a new business to patronize.
A company with a good BBB rating may also be more likely to resolve complaints satisfactorily.
Conversely, a low BBB ranking may indicate that a business is not operating ethically or effectively.
This could mean that the company is not resolving customer complaints, is not transparent about its business practices, or is engaging in other questionable behavior.
Consumers may want to avoid doing business with companies with poor BBB ratings.
How Are BBB Ratings Determined?
BBB ratings are determined by a variety of factors, including but not limited to:
- The number of complaints filed against the company
- How the company has responded to complaints
- Whether the company is transparent about its business practices
- The length of time the company has been in business
BBB ratings can be a helpful tool for consumers looking for information on businesses.
However, it’s important to remember that these ratings are not always accurate or up-to-date.
Sometimes, a business may have a poor rating due to an unresolved complaint, even if the issue has since been resolved.
The BBB’s criteria for awarding ratings may not always align with consumers’ expectations.
When Should You Use BBB Ratings?
BBB ratings can be a useful starting point when researching a new business. However, they should not be the only factor considered when making a decision.
It’s also important to read customer reviews, compare prices, and check for any available discounts or coupons.
The Bottom Line
When considering a new business, it’s a good idea to check its Better Business Bureau rating.
A high ranking may signify that the company is trustworthy and ethical, while a low ranking could indicate that the company is not operating effectively or transparently.
However, make sure not to rely solely on BBB ratings when deciding. Research the business further by reading customer reviews and comparing prices.
Shefali Jain is a Content Writer & Editor at USWorkforce.org
After completing her graduation in hospitality, Shefali decided to follow her passion and started writing. Shefali has been writing for two years now and contributes to our website as a skilled editor and content writer with strong research skills. Writing product and service reviews, biographies, and book reviews are some of her key areas, among many others in which she specializes. In her time at the organization, she has written and edited content on a range of topics, including employment law, human resources, and business management.