Paytm is a fast-growing e-commerce service company in India backed by the Chinese Alibaba Group. It employs an innovative mobile wallet concept to penetrate the e-commerce industry in India. Paytm offers a wide range of services online such as mobile, DTH recharge, bus ticket bookings and so on.
With steady growth and reliable platform to meet customer’s needs, this is a perfect time become a Paytm seller. We will extensively explain the steps you need to take to become a Paytm seller through Paytm registration and obtaining the Paytm seller app.
Why register as a Paytm Seller?
The E-commerce market is experiencing a significant boost in India due to huge discounts and cash-backs. The newest entrant into the market Paytm has already recorded over ten crore plus customers and over 60,000 sellers transacting more than 500 categories of product through 39000 pin codes in India.
Sellers who register with Paytm don’t need to worry about maintaining and developing an e-commerce website; they only need to focus on fulfilling customers order. Furthermore, it’s easy to become a Paytm seller with no investment required; any seller can thrive.
Paytm Seller Registration
Before you begin selling on Paytm, you need to complete your Paytm registration as a seller on Paytm’s website. Note that it’s free to become a seller on Paytm and the registration will only take few minutes.
Step 1: Log on to Paytm seller registration. – https://seller.paytm.com/
Step 2: Input your details (name, mobile number, email address, and an account password).
Step 3: Complete the process of email verification.
Step 4: Complete the process of verifying your mobile number.
Step 5: Fill in your address and business information.
Step 6: Make available Documents for KYC (More details below)
Step 7: Read and Accept the terms and conditions.
Step 8: Upload your catalog of products
Step 9: Start selling on Paytm
Required Documents for Paytm seller registration
The following documents are necessary for completing the Paytm seller registration:
Documents and Required Information
- Business Name (Business type)
- Mobile number
- Email address
- Business Address
- PAN number
- PAN card scan copy
- Bank details (account name, account number, bank name, branch name, IFSC code)
- Copy of canceled cheque
- VAT registration
- If VAT is unavailable, the applicant must submit a Paytm VAT registration undertaking.
- Scanned proof of address
- Utility bill
- Copy of Passport
- Bank statement
- Aadhar card
- Certificate of incorporation
- Rental agreement
Should I register for a PLC or LLP before becoming a Paytm seller?
Interested sellers or those with an existing business who want to register to sell on Paytm can register a PLC or LLP. Having a separate legal entity protects one from any form of liability if litigation arises. E-commerce sellers within India are encouraged to have limited liability protection.
Do I need VAT registration to sell on Paytm?
Yes, you need VAT registration to sell on Paytm. However, it is subject to the type of good you intend to sell. For instance, if you intend to sell loosed apparels, books or handicrafts, then you are not required to have VAT registration. Also, a seller can start making sales on Paytm without VAT registration, provided an undertaking is signed to obtain VAT registration. However, payments will be withheld by Paytm until proof of VAT registration is submitted.
How to become a seller on other platforms
To become a seller on other platforms, you are required to fill in the same details as you did for Paytm. Hence, a seller on Paytm can also sell on seller on Flipkart, Snapdeal and Amazon India to increase income.Company vakil offers all kinds of legal registration support for a business in any stage.