About GQS (Genuine Quality Seal)

The internet has given buyers and suppliers around the word a perfect platform to conduct business with each other efficiently and cost-effectively.

But, A big “BUT”

“If a customer doesn’t trust you, he won’t buy from you.”

Therefore, you have to create a trust. Most of the time, the distance between a buyer and seller is too much that a buyer can not physically visit you. He only knows you through your website, so you have to create a trust.

To bridge this trust gap and build confidence, FICO GLOBAL, One of the World's biggest accreditation board for certification and verification Bodies registered in United Kingdom, and operating all over the word, introduced an exclusive FICO-GQS service.

GQS is a business verification service standard from FICO GLOBAL that checks an SME's reliability and trustworthiness. This stamp is issued post verification of company's credentials pertaining to proof of existence, legal status, statutory approvals, affiliations, quality certifications and complaint management history. The unbiased information about the business status of suppliers helps buyers make an informed purchase decision about them.

As online fraud increases, it becomes important for customers to feel secure. Following are some statistics highlighting the rise of online fraud:

• The Internet Crime Complaint Center estimates 22,000 fraud complaints each month in 2014.
• Shopping cart abandonment rates vary by site, but are generally between 55% and 75%.
• Of consumers who dropped out of a purchase, 20% mentioned “concerns about payment security” as a reason.
• In some surveys, as many as 60% of participants said they had decided not to purchase a product because it was missing a trust seal.

Documentary proof is collected from suppliers to confirm that the information providing or credentials claimed by them are exact and reliable. The authentication is conducted by FICO GLOBAL’s accredited certification bodiies. Certified SMEs can display GQS along with verified details on their websites, catalogs, directory listings, trade offers, among others.

 

Benefits of GQS

 

Supplier's Benefits

Enhanced Credibility

• Trust Profile Report
  • FICO GLOBAL and its authorized confirmation agency verifies papers related to existence evidence, legal status etc.
  • Verified report in PDF format
• Certified Trust
  • Edge over non licensed competitors online
  • Advanced trust level among buyers
  • Certified members invite honest buyers
• Trusted Visiblity
  • Distinct visibility across the FICO GLOBAL network

Buyer's Benefits

Buyer's Approach

• Simply differentiate between certified and non-certified company
• Power to deal more assuredly with genuine supplier
• Available structured information and critical facts about supplier
• Take knowledgeable decision about dealing with direct right suppliers

Type of GQS

There are three types of seals issued by the FICO GLOBAL:

GQS – Silver	:	Only Documentary evidences are checked.
GQS – GOLD	:	Documentary Evidences are checked in original by physical verification.
GQS – GOLD WITH Trust RATING	:	Documentary Evidences are checked in original by physical verification plus business activities are analysed on several parameters.

GQS – Silver Seal

GQS – Gold Seal

 

Accredited GQS Bodies

Apply for GQS

For SMEs to attain GQS with ease, FICO GLOBAL has devised a simple yet stringent procedure. The company has to submit a copy of documents listed below* along with a subscription application and identified fees. FICO GLOBAL and its authorized verification agency then verifies the documents and authenticates the data. It accordingly assigns a GQS to the company.

 

Apply for GQS

For SMEs to attain GQS with ease, FICO GLOBAL has devised a simple yet stringent procedure. The company has to submit a copy of documents listed below* along with a subscription application and identified fees. FICO GLOBAL and its authorized verification agency then verifies the documents and authenticates the data. It accordingly assigns a GQS to the company.

 

International Representatives for GQS Certification Only

Disclaimer

FICO GLOBAL is not a credit rating agency, it just check few parameters which are shown on the website, so that a buyer can feel secure about the existence of the business and their working style and their complaint handling seriousness. Internet users are advised to use their own wisdom before dealing with certified vendors. FICO GLOBAL assumes no responsibility of any kind for the acts of the vendors who secure GQS by our approved certification bodies.