Page 28 - Bollion World Volume 4 Issue 8 August 2024

Bullion World | Volume 4 | Issue 8 | August 2024

Benefits of the IBJA Verified Tag Updating Information:
1. Assurance of Authenticity: The verified tag assures • Tag holders are required to keep IBJA updated
customers that the account represents an authentic about any changes in their business or management
and legitimate business, which is crucial in an details.
industry where trust is paramount.
2. Combating Impersonators and Scams: The verified Display and Usage
tag helps reduce the risk of customers falling victim The verified tag can be used across various digital and
to impersonators or scams by acting as a digital physical platforms, including stationery, facades, social
stamp of legitimacy. media, and other appropriate locations. This flexibility
3. Boosting Visibility and Credibility: Verified accounts ensures that members can prominently showcase their
enjoy improved visibility on various platforms, higher verified status to their customers.
search rankings, and enhanced credibility, making it
easier to attract and retain customers. Trust and Sales
4. Building Customer Trust: The verified tag fosters By fostering an environment of trust, the IBJA Verified
trust, particularly important for high-value purchases, Tag can potentially lead to increased sales for bullion
as customers feel more secure knowing they are dealers and jewellers. Customers who prioritize
dealing with a credible entity. authenticity and reliability are more likely to make high-
value purchases from verified entities, knowing they are
Application and Maintenance of the Verified Tag less likely to be scammed.
Application Process:
• All bullion dealers and jewellers can apply for the
IBJA Verified Tag. Conclusion
• The verification process takes approximately 30 days The IBJA Verified Program is a testament to our
after submitting the application. commitment to enhancing trust and authenticity in
• If the application is not approved, the processing fee the Indian bullion and jewellery industry. By providing
of Rs. 21,000 will be deducted, and the remaining a verified tag, we help our members establish a
amount will be refunded within 30 days. stronger online presence, improve their visibility, and
build customer trust. This initiative not only combats

Payment Methods: impersonators and scams but also ensures that
• Accepted payment methods include UPI, NEFT, and customers can confidently engage with legitimate
RTGS. and authentic businesses.

Renewal: For more information on the IBJA Verified Program
• The verified tag is valid for one year and must be and to apply for the verified tag, please visit
renewed annually. The renewal fee is Rs. 60,000 https://www.ibja.co/ website. Together, let's build
(plus GST) per year. a trustworthy and credible bullion and jewellery
industry.

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