Launched in August 2010, Paytm began its journey as a mobile wallet, a pioneer in ushering in the era of digital transactions in India. Over time, with the rise of internet penetration and the increasing adoption of online shopping in the country, Paytm expanded its horizon into the e-commerce domain. Today, it stands not just as a digital wallet but as a formidable e-commerce platform, offering a diverse range of products from electronics to groceries. The brand’s evolution has been strategic, leveraging its vast existing user base familiar with its digital wallet services to provide an in-built customer base for its e-commerce wing.
The last few years have witnessed a huge boom in the eCommerce sector in India fueled by discounts and cashback. Paytm is 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. The major advantage of becoming a seller on Paytm is that one does not have to worry about the development and maintenance of an eCommerce website but instead focus on fulfilling customer orders quickly. Furthermore, anybody can become a Paytm seller and gradually scale up, since becoming a seller on Paytm requires minimal or no investment.
Why Register as a Paytm Seller?
E-commerce in India is experiencing significant growth, with offers, discounts, and cash-back deals driving this surge. Paytm, having entered this thriving sector, already boasts a vast user base of over 100 million customers and collaborates with more than 60,000 sellers, providing an expansive range of products to almost every postal region in India. Merchants partnering with Paytm don’t have to stress about setting up or maintaining their own online storefront; instead, their main priority is efficiently processing customer orders. Moreover, since there’s little to no upfront cost associated with becoming a Paytm seller, it’s easy for anyone to start selling and expand over time.
Eligibility criteria to become a Paytm Seller
- One Person Company.
- A Private Limited Company or A Public Limited Company can register themselves as a registered Paytm Seller.
- Partnership Firm.
- Individuals can register and sell their things through the Paytm Platform on their own.
- Limited Liability Partnership.
Documents required for Paytm Seller Registration
- Name of an Individual or in case of any business than name of a business is needed.
- Contact Number of the entity registering itself.
- Email Address of an entity.
- PAN Card information.
- Current Bank Account details are needed.
- GST (Goods and Service Tax) Registration.
- Certificate of Incorporation in case of a company and copy of Partnership Deed in case of a Partnership Firm.
- Address Proof (utility bills, passport copy, any other needed for the registration).
Process for Paytm Seller Registration
- Go to the Paytm Seller Portal
- The ‘SIGN UP’ form must be completed with all required information such as name, email address, and documents.
- An email is sent to the registered email address for verification, as well as an SMS to the registered phone number.
- Following the verification, the KYC documents, which include the entity’s or individual’s identity evidence PAN Card information, and address proof, must be submitted.
- After that, the products will be cataloged. You can hire a professional photographer and model to exhibit your products in an appealing way for the greatest user experience.
- The things you have categorized can be advertised on Paytm and shown on your own website. There are no costs associated with listing products on Paytm.
- Paytm deducts a fee for hosting the merchandise. The merchant can begin selling the merchandise once all of these processes have been accomplished. You will receive an email confirmation as soon as the products are sold.
FAQs
Is it possible for me to register, If I do not have GST / GSTIN Number?
You can register as a vendor if you have a PAN card, but you will only be able to sell in tax-exempt categories. A GSTIN number is required to sell any other products.
Who can become a Paytm Seller?
Anyone who owns a business, shop, or product line can become a Paytm Seller. This includes:
- Retailers
- Wholesalers
- Manufacturers
- Small business owners
- Service providers
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