Even though WhatsApp for Business has not been officially launched, the company has shared some details regarding the same. The confirmation of this feature comes from WhatsApp's FAQ page itself.

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Some business accounts which have been verified by WhatsApp, will see a green badge next to a contact's name. This implies that WhatsApp has confirmed that the phone number of this contact belongs to a business account. WhatsApp will also let you know when you start talking to a business via yellow messages inside a chat. However, there is no way to delete these messages from the chat.

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Additionally, if you already have a business's phone number saved in your address book, the name you will see is the name you have saved in your address book. If you don't have a business's phone number saved in your address book, the name you will see is the name the business has chosen for themselves. Also, if you would like to stop a business from contacting you, you can block them too.

According to WABetaInfo, the WhatsApp beta for Android is supporting 'Verified Business' accounts, which will see a green tick mark beside the profile. The verification feature is only limited to a few businesses who are part of the pilot program. With the new update, businesses can also set working hours to leave an 'Away' message when unavailable and manage automatic messages. A business account can also have many websites. In that case, there will be a 'Show More' button to read all details of the Business, including Working hours and the business category.