What happens if upon final verification, the BN application is not approved? Will the client be refunded of the payment made?
A. If the clients have already paid through the GCash facility but their applications for business name registration are not approved due to similarity with existing business names already registered with DTI and or other agencies authorized to register names, the system will send an e-mail notice about the disapproval. Within the e-mail notice is a clickable link for the clients to change the business name they are applying for. Such will be the procedure until the business name is finally approved. Thus, there is no need for a refund, because all transactions will eventually be completed with an approved business name. However, if the clients encoded wrong information, they will be charged Php 50.00 for each correction.
