How to become a Paytm seller

Paytm is a fast growing eCommerce website that you can be part of - become a seller with Paytm with these simple steps and enjoy the joys of being an entrepreneur. Sell products or services to consumers pan India.

Demonetisation made Paytm a household name. Those who had not heard of it suddenly became aware, of its existence. Paytm continues to remain popular, and how. It has steadily increased its presence in the Indian market and continues to grow unhindered.

Synopsis of Paytm

Paytm is backed by the Alibaba Group of Chinese origin. It has spread its wings in India, diversifying into the rapidly expanding eCommerce market. What makes Paytm special is the backing it has from its innovative mobile wallet concept. In its initial stages, the business emerged as an online DTH and mobile recharging service. Within no time the company changed its course, and as of today, it has developed into a full-scale eCommerce website, selling a wide range of services and products, from booking of bus tickets to selling of electronic goods.

With a steady rise in sales and an ever increasing customer base, the platform exhibits great potential. Entrepreneurs looking to take their business online can choose Paytm to sell their goods and services. Let me walk you through the processes involved in becoming a seller on Paytm.

Register with Paytm in ten simple steps and start selling

To register with Paytm follow this simple ten stage process –

  • First step: This requires you to signup as a seller. This can be done here on Paytm's official website
  • Second step: Submit details such as name and contact details that is your phone number and email
  • Third step: Select a user name and password for your account
  • Fourth step: Complete the email authentication process
  • Fifth step: Complete the phone number authentication process
  • Sixth step: Submit bank details
  • Seventh step: Update KYC documents
  • Eighth step: Agree to terms and conditions
  • Ninth step: Update list of products online
  • Tenth step: Start taking orders and selling

List of documents for KYC and registration

Sellers at Paytm must submit the following KYC documents as part of the registration process –

  • Business name
  • Business entity details – Proprietorship, Partnership, Private Limited Company or Limited Liability Partnership
  • Email address
  • Mailing address along with proof of address – attach scanned copies of Aadhar card, Bank statement, Passport, electricity bill, rental agreement or Certificate of incorporation
  • Phone number (landline/mobile)
  • Scanned copy of PAN card
  • Bank details – Name of account holder, account number, name of Bank, Branch, IFSC Code and copy of a cancelled cheque leaf
  • VAT registration details
  • In the absence of VAT registration a signed undertaking must be submitted along with the other documents stating that VAT details will be provided when asked for
  • Note: Paytm will withhold payments until VAT registration certificate is submitted
  • Selling on Paytm necessitates VAT registration. VAT is not essential for sellers dealing in the following items –

    • Handicrafts
    • Fabric
    • Books

    Advantages of registering as a Paytm seller

    Trends are changing – consumers prefer to shop for products and services online. It gives them the ease of shopping from the confines of their homes and when on the move. There is convenience involved with deliveries made at desired locations. The online experience takes away the pains of finding time to go to brick and mortar stores, sometimes even when the weather is inclement.

    The eCommerce industry is trending in India and consumers are a happy lot, what with cash-back, hefty discounts and bonuses on offer.

    Paytm may be the most recent entrant into the eCommerce arena, but it already has a monopoly. It has a strong customer base spread across the length and breadth of the country. In addition, it boasts of an ever growing list of sellers and thousands of products and services listed in 500 categories. Currently, deliveries are being made to over 39000 pin codes, with more areas being included into the fold.

    Sellers on Paytm do not have to deal with the hassles of developing, running and maintaining an eCommerce website. They also benefit from the many resources that Paytm has lined up – such as the Paytm seller app on android, facility to become a cross-border seller, on location boot camps, logistics and packaging material –patym branded boxes and tapes and poly bags.

    All this leaves the sellers free to focus their attention solely on the business – that is procuring goods and dispatching the same to clients within the quickest time. And there is a whole lot more that sellers stand to gain.

    Another point to note is that there is hardly any investment required for becoming a seller on Paytm. You too can become a seller and expand your business, as you begin gaining returns.

    So, you see, becoming a Paytm seller is quite simple. Most online eCommerce businesses have similar registration processes. If you are keen to widen your customer base you can also register with other popular eCommerce websites.

Article by Juana
Juana is a freelance writer, with years of experience, creating content for varied online portals. She holds a degree in English Literature and has worked as a teacher and as a soft skill trainer. An avid reader, she writes on a variety of topics ranging from health, travel, education and personality development.

Follow Juana or read 547 articles authored by Juana

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