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BBB Accreditation...

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  • BBB Accreditation...

    The BBB contacted me this morning and after I answered three questions, they offered to make me an BBB accredited member. Something smelled wrong during the entire conversation, so, after refusing to pay $53.04 a month to receive my newly minted and greatly coveted BBB status, I did a 30 second internet search. Wow. Here's a sample of one of the many articles that I found: (https://money.cnn.com/2015/09/30/new...ons/index.html)

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    The Better Business Bureau may be a nonprofit, but behind the scenes it's a money-making machine -- squeezing big money out of businesses in exchange for its coveted stamp of approval.


    That approval, known as "accreditation," doesn't come cheap. In 2013 alone, the organization raked in nearly $200 million in revenue -- most of which comes from the very businesses it oversees, according to a CNNMoney analysis of IRS filings from the BBB's 102 U.S. bureaus and national office.

    Where the money comes from: A self-proclaimed source of mediation and unbiased ratings of millions of businesses across the country, the BBB receives the majority of its revenue from membership fees paid by hundreds of thousands of companies.

    Joseph Ridout, a spokesperson for watchdog group Consumer Action, said this structure, where the BBB is "funded by the dues-paying businesses and not the consumers," presents a "serious conflict of interest."The BBB, however, says membership dues have nothing to do with the ratings companies receive.

    Depending on the size of a business, membership fees range from hundreds of dollars to more than $10,000 a year. Beyond that, members can pay for plaques boasting their BBB accreditation, special seals of approval for their company's websites and even preferential ad placement with the BBB...

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    Sigh* I'm learning so much in this new business adventure. So, the point is... if you don't see the Homeschool Cafe as an accredited BBB member, it's because I'd rather pay that monthly fee back to my consignors.
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