PayTM serves Indian buyers and people looking for payment
services. It has the backing of Alibaba and one can expect it to be
sophisticated, which it is. Apart from recharges, money transfers and payments,
PayTM also offers a marketplace platform for people to sell online. PayTM has
over 10 crore customers, serves over 39000 PIN codes and 100000 mechants in
over 500 categories. Take advantage of the ecommerce boom and leverage the
power of PayTM to become a seller. How to sell on PayTM is
easy with the following guidelines.
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Why Apply To Become PayTM Seller?
The Indian online marketplace is dominated by Flipkart and
amazon but PayTM is creating waves and it is headed right to the top. PayTM has
excellent credentials because it is backed by Alibaba, the global B2B online
marketplace. Once an online payments facilitator, PayTM has diversified into
the retail space and sells dozens of products on its e-commerce site with a pan
India reach. There are good enough reasons to become a seller on PayTM. One is
that it reaches out to 11 crore customers. It has over 65000 sellers in 600
categories. PayTM makes it easy for sellers to register and start selling from
day one with the least hassles. Once you register you can expect a steady
stream of orders and a voluminous growth in your business.
How To Create Seller Account
Points to keep in mind – read this first:
·
You would do well to have PAN registration, GST
registration and Aadhar card registration and scan all documents into
electronic format to upload to PayTM during the registration process.
·
Keep your mobile handy with you to complete
mobile verification process. You may get SMS or call.
·
Keep your identity proof, business registration
certificate and address proof scanned and ready in electronic format.
·
Keep ready scanned copy of cancelled cheque.
·
Keep ready scanned copy of address and identity
proof (electricity bill, diving licence, passport copy)
·
If your premises are rented keep a scanned copy
of rental agreement ready.
·
You can register as individual seller or as a
company. Appropriate documents must be kept ready for each type. If you are
registering a an individual then you need to have ready bank statement, PAN and
aadhar. If you are registering as a company, then the company PAN, GST,
address, registration and other details must be made available.
Register
Log on to PayTM site and navigate to the PayTM seller
registration link. The page opens and you are asked to input your details after
which you submit the online form. You get an email for verification and the
mobile number is also verified. After this the next step on how to
sell on PayTM is to complete the PayTM registration is
to update business information and address as well as providing KYC documents.
You agree to the terms and conditions. Your application is approved and you
have created your PayTM seller account. You can now start
listing your products and update the online catalog on PayTM.
Documents Required For Registration On Paytm -
1. Mobile number
2. Paytm password
3. E-mail id
4. GSTIN Number
5. Cancel Cheque
6. Address Proof (Adhar Card, Electricity Bill, Telephone Bill)
7. Pen Card
8. Digital Signature With Company Stamp
9. Trademark Certificate
10. Authorization Letter
11. Purchase Invoice
2. Paytm password
3. E-mail id
4. GSTIN Number
5. Cancel Cheque
6. Address Proof (Adhar Card, Electricity Bill, Telephone Bill)
7. Pen Card
8. Digital Signature With Company Stamp
9. Trademark Certificate
10. Authorization Letter
11. Purchase Invoice
Sell And Manage
Once PayTM seller account is created
you can log in and use the PayTM Unified Dashboard to manage your storefront
and inventory. You can use the dashboard to create coupons, deals and
promotions. You also enjoy PayTM seller support and
sellers can also make use of the PayTM seller app to
manage their activities.
List products after PayTM seller registration process is
complete and approval is received. Sell products on PayTM and enjoy the benefit
of their nation-wide reach. Customer buys a product and you get instructions
from PayTM to ship the product and confirm shipment. Customer receives product
and PayTM then initiates process to deposit money into your bank account. This
takes about 2 days to 7 days depending on which day of the week the product was
delivered. You have to pay seller fees to PayTM. The commission varies from one
category to another. PayTM also charges Rs 45 for a 500 gram parcel towards
courier charges. Usually shipping charges are included in product pricing. If
product price is below Rs 500 then you may show shipping charges as extra. If
product weighs more than 10 kg then PayTM charges Rs 20 per kilo towards
shipping. You can ship through your own courier or use PayTM approved courier
partners.
Apart from the usual PayTM seller support,
there is protection for sellers against buyer fraud or product damage during
shipment and theft. Selling on PayTM becomes profitable due to its reach and
you can enjoy the benefit of regular orders.
PayTM offers training for new sellers to familiarize them
with the platform and process. In addition sellers can turn to PayTM for
financing solutions and thus become able to stock more products and sell more.
Tip: If you wish to be a serious seller
on PayTM, it is better to form a private limited company to limit your
liability. The registration process takes less than a
week provided all documents are in order. Know more from seller.PayTM.com.
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