How true should my business description
be when applying?
When filling in the application please make sure that you
are as precise as possible with your product descriptions.
Some customers have unfortunately been refused an account
because they have failed to give an accurate description.
For example - someone who is selling herbal products, may
simply put 'Health care supplements'. However this can easily
be misconstrued to mean pharmaceutical tablets, pills etc.
However, if a description of '100% herbal products such
as vitamins and protein supplements' had been entered then
it would have passed the initial stage.
This also works in reverse. For example if you are renting
out accommodation that you own and have control of (no third
party) but you fail to mention that you will also be supplying
flights etc. and do not have the necessary bonding, then
your application will be rejected.
Please also read 'Providing
false details and business descriptions'