How To Become a Seller On Paytm : Paytm is an e-commerce website that is headquartered in Noida, Uttar Pradesh. The user friendly Interface and the ease of payment have made this e-commerce website so popular. This website was founded in 2010 and serves two countries which are India and Canada.
Reason for popularity
The website started with DTH recharge and online mobile bill payments and has now become a well grown e-commerce website with the introduction of mobile wallet. The company is backed up Chinese Alibaba group and offers various services on goods and electronics.
This advancement has led to an increase in customers. With the hike in customers, it opened a pathway of becoming a seller in paytm, which customers find it very useful. This article will enlighten you about the various steps in becoming a seller in paytm.
Why become a seller in Paytm ?
The website offers huge cash backs and discounts. The website now holds a record of holding 10 crore customers and 60,000 sellers. When you become a seller in paytm, then you will have no tension in maintaining a well-structured website, since you are working with the best, the developers of paytm will take care of that.
As a seller you only need to focus on the fulfilling the orders placed by the customers. No need for initial investment and you can start your business from scratch. As you sell more and more in this website, you rank up and so does your business.
Documents required in registration
Becoming a seller in paytm is easy, but there are certain things that need to be taken care of. There are documentation process that you need to go through before becoming an authentic seller in paytm. Some of the documentation process can be stated as follows:
- The name of the business that you want to start
- Email address
- Phone number
- Pan card scan copy
- Pan number
- Bank name, account number and IFSC code
- A cancelled cheque copy
- Vat registration undertaking
- Copy of passport, electricity bill, rental agreement, aadhar card and Certificate of incorporation.
How to become a seller in paytm ?
Once you become a seller in paytm, you will open a portal of becoming seller in other e commerce website like amazon and flipkart. This is because the documentation process on other e commerce website is same as paytm. The registration process will take a few minutes of your time and it is very easy and convenient.
- STEP 1
Download the paytm application and then go the option which says paytm seller registration.
- STEP 2
Once you have unlocked this section, you will see an option which will tell you input your email , phone number and a password that will used to maintain your seller account.
- STEP 3
Completing step 2, you will get an email, telling you to verify your email address. This done to complete your email verification.
- STEP 4
Once you are done with step 3, you will get an OTP in your phone number. Verify the OTP to complete your mobile registration process.
- STEP 5
Once you have completed step 4, you will asked to input your business credentials like business address and phone number.
- STEP 6
After successful completion of steps from 1 to 5, you will asked for KYC Verification.
- STEP 7
completing step 6, will open a section of terms and condition, which you need to accept to proceed further.
- STEP 8
A new window will appear, which will let you list the products that you want to sell in paytm.
- STEP 9
Provide description of the products, so that the customers know what they are viewing.
- STEP 10
Congratulations, you are now and authentic seller of paytm.
Is vat undertaking necessary ?
Yes vat undertaking as mentioned in the documentation section of this article is an absolute necessity. If you are a seller who only does business regarding artefact and handbooks than vat registration is not required. Other business excepting this, would require vat registration. Now you can begin selling items without completing the vat undertaking from paytm. Only the downside of the process would be waiting. Meaning paytm will hold your paytm until vat registration is completed.