How to sell on Paytm?
Paytm backed by the Chinese Alibaba Group and a replacement entrant into the Indian e-commerce market is fast growing backed by the innovative mobile wallet concept. Paytm which started by offering online mobile and DTH recharging services has evolved into a full-blown e-commerce website offering a variety of products and services from electronics to bus ticket bookings. With the platform recording, strong growth in sales, and a number of consumers now’s the simplest time to Sell On Paytm. In this article, we glance at the procedure for becoming a Paytm seller and completing the Paytm seller registration process.
Why register as a Paytm Seller?
Paytm is that the latest entrant into this market already having on board over 10 crore plus customers and 60,000 plus sellers serving 500 plus product categories across 39000 pin codes in India. By becoming a seller on Paytm, the merchant needn’t worry about developing and maintaining an e-commerce website. but rather focus on fulfilling customer orders quickly. Further, since becoming a seller on Paytm requires minimal or no investment, anybody could become a seller and gradually proportion.
Paytm Seller Registration:-
Before beginning to sell on Paytm, a seller must first complete the Paytm seller registration process on Paytm’s website. Becoming a Paytm seller is free and therefore the seller registration process takes only a couple of minutes. Steps to Register as a Paytm Seller:-
1: Go to Paytm seller registration.
2: Provide your name, phone, email and choose a password for the account.
3: Complete the email verification process.
4: Complete the mobile number verification process.
5: Update business information and address.
6: Provide KYC Documents (More on this below)
7: Approve the terms and conditions.
8: Update your catalog of products
9: Begin selling on Paytm
Documents required for Paytm seller registration:-
Information & Documents Required:-
- Name of the Business
- Private Limited Company / Partnership / LLP / Proprietorship
- Phone number
- Email address
- PAN number
- PAN card scan copy
- Bank account number
- Account name
- Bank name
- Bank branch name
- IFSC code
- Copy of canceled cheque
- VAT registration
- In case VAT registration is not available, then the seller must submit a Paytm VAT registration undertaking.
- Scan copy of address proof
- Electricity bill
- Bank statement
- Aadhar card
- Passport copy
- Certificate of incorporation
- Rental agreement
Should I register a corporation or LLP for becoming a Paytm seller?
Serious sellers or those having an existing business venturing as a Paytm seller can register a personal Ltd. or LLP while becoming a seller. Having a separate legal entity will make sure that the promoters are shielded from any liability just in case of any litigation. Since most e-commerce sellers sell to consumers across India, it’s recommended that they need indebtedness protection.
VAT registration required to sell on Paytm?
Yes, VAT registration is required for selling on Paytm. However, just in case the vendor only wishes to sell unstitched apparel, books, and/or handicrafts, then VAT registration isn’t required. On the opposite hand, a seller also can begin selling on Paytm without a VAT registration by providing an undertaking to get VAT registration. However, Paytm will hold payments to the vendor until VAT registration proof is submitted to Paytm.
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