Paytm is a combined venture backed by a new entrant into the Indian e-commerce market and china’s Alibaba Group. It is backed by the innovative mobile wallet concept.
From electronics to bus ticket bookings, a myriad range of goods and services are offered by Paytm that initially started its journey by offering online mobile and DTH recharging services. As this platform has grown exponentially in terms of sales and number of customers, now is the best time to commence your journey as a Paytm seller.
Let us explore the procedure for becoming a Paytm seller and how to follow The Paytm seller registration process through this article:
Why register as a Paytm seller?
Documents Required for Paytm Seller Registration
|1.||Information & Documents Required|
|2.||Name of the Business|
|3.||Private Limited Company / Partnership / LLP / Proprietorship|
|8.||PAN card scan copy|
|9.||Bank account number|
|10.||Bank IFSC code|
|11.||Copy of cancelled cheque|
|13.||In case VAT registration is not available, then the seller must submit a Paytm VAT registration undertaking|
|14.||Scan copy of address proof|
|19.||Certificate of incorporation|
Paytm Seller Registration
Before starting 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 the seller registration process takes only a few minutes
|1.||Step 1:||Go to Paytm seller registration|
|2.||Step 2:||Provide your name, phone, email and choose a password for the account.|
|3.||Step 3:||Complete the email verification process.|
|4.||Step 4:||Complete the mobile number verification process.|
|5.||Step 5:||Update business information and address.|
|6.||Step 6:||Provide KYC Documents (More on this below)|
|7.||Step 7:||Approve the terms and conditions.|
|8.||Step 8:||Update your catalog of products|
|9.||Step 9:||Begin selling on Paytm|
Should I register a company or LLP for becoming a Paytm seller?
Is VAT registration required to sell on Paytm?
Yes, VAT registration is required for selling on Paytm. However, in case of the sale of unstitched apparel, books, and/or handicrafts, then VAT registration is not required. On the other hand, a seller can also begin selling on Paytm without a VAT registration by providing an undertaking to obtain VAT registration. However, until VAT registration proof is submitted to Paytm it will hold payments to the seller.