Many of you might have seen the famous advertisement “Paytm karo” as television commercials. Thus, you know that Paytm is very popular site and app for online mobile recharge, DTH recharges, Movies or travel tickets bookings, buying products and lot more.
Paytm is a super eCommerece store for Indian consumers.
Back in the year of 2015, Paytm has established as one of the leading players in the eCommernce market in India. Thus Paytm is yet another opportunity for you to make money online and offline.
After Amazon, Flipkart, Snapdeal and many other online shopping portals, Paytm has also come up with the concept of Paytm Seller Program.
If you are selling your products on Amazon or Flipkart or Sanpdeal, then Paytm is yet another online shopping portal allows you to gain additional sales and chances to earn more money online.
But before you move ahead and sign up as a seller on Paytm, you must understand few points before applying and selling your products.
Why Should You Consider Applying For Paytm Seller?
We all know in the era of the digital market, more and more people are buying things from online platforms.
Paytm provides sellers a significant business opportunity to sell their products. On Paytm there are 10 crores+ customers, 60,000 merchants already selling their products under 500+ categories, and those products were delivered to more than 39,000 cities/towns.
If you have less budget and can’t afford to develop and to run an eCommerce portal, then Paytm will be an excellent choice to sell your products online.
How to be a seller on Paytm – Steps For Paytm Seller Registration
# Step 1: To register with Paytm as a seller, visit the Paytm Seller Registration page.
# Step 2: Entre you email address, Full name, Mobile Number, and your desired password. Click on “Sell on Paytm” to continue.
# Step 3: You will receive a verification email from Paytm to verify your email address and other details. Go to your mail inbox and click on Verify Your Email Address Button.
# Step 4: After verifying your email address login into seller.paytm.com access the account.
# Step 5: Once you are login, account setup screen will appear, where you have to verify your mobile number. Click on Generate One Time Password (OTP) link, and you will receive OTP.
# Step 6: Enter OTP in the box and click on Verify Button.
# Step 7: Next, you will require entering your store and warehouse details. Add display name, business type, business address, warehouse address, order dispatch time and few more details to complete the seller registration process. Click on Continue.
# Step 8: You will require providing KYC documents details. Find the list of all required and allowed KYC documents here.
# Step 9: Accept the terms and conditions, and you are almost done with the process to sell products on Paytm.
Required KYC Documents for Paytm Seller Registration
To sell you products on Paytm you will require Vat registration number. Though, products for sale like books, unstitched apparels or handicrafts don’t require VAT registration number.
However, you can still sell on Paytm without tin, but for that, you need to prove an undertaking to obtain a tin number.
In that case, Paytm will only pay you the payments after submitting proof of tin number.
Given below are the required documents required to sell on Paytm.
- Name of the Business (i.e. PVT company/ Partnership / Proprietorship / LLP)
- Mobile number
- Email address
- Resident address
- PAN number
- PAN card scan copy
- Bank detail (i.e. Bank name, Bank branch name, Bank account number, Account name, Bank IFSC code)
- Copy of canceled cheque
- VAT registration or VAT registration undertaking proof (if VAT registration is not available)
- Electricity bill
- Bank statement
- Aadhar card
- Passport copy
- Certificate of incorporation
- Rental agreement
How to accept money offline via Paytm – Steps to Accept Payments at Local Store Through Paytm
There two ways to accept Paytm payments one is using a mobile number and another one is using QR code. Let see how you can accept payment with Paytm at your local store.
# Method 1: Accept Payments in Local Store via Paytm Using Mobile Number
# Step 2: Verify your mobile number, with which you want to accept the payment.
# Step 3: Now if you want to accept the payment at your local store through Paytm, ask the consumer to open Paytm app on his/her mobile.
# Step 4: Share your registered mobile number and ask him/her to tap on “Pay or Send” option on the home screen of the app.
# Step 5: Now S/he will have to add your registered mobile number, amount to pay and the reason for the payment.
# Step 6: Tap on “Send Money” and you will receive the payment in your Paytm Wallet.
#Method 2: Accept Paytm Payments Using QR Code
# Step 2: Once you complete the registration process, it will require generating or the QR Code to accept the payment.
# Step 3: Navigate to “Profile” tab in the app and at top-right corner find the QR code. Tap on it to enlarge the image. You can take a print of this QR code and place it at the payment counter.
# Step 4: Ask your local store customers to “Pay or Send” money via Paytm by scanning a QR Code placed at Payment counter at of your shop.
# Step 5: Enter payment amount and reason to pay and click on Send Money. All good and you will receive money in your Paytm Wallet.