"

In the recent few years, the popularity of online shopping of various consumer products among common people is growing rapidly day by day. Nowadays there is a craze for online shopping in all age groups all over the world, that’s why a large number of online marketing platforms like Amazon, Flipkart, Snapdeal, etc. are reaping huge profits in the online shopping Business.

Unlike Flipkart and Amazon, who are operating for a long time as an online market platform, Online payment solution provider PayTM has recently entered the field of Online shopping business and gaining popularity day by day due to its reliability, credibility, and affordable products available nationwide.

PayTM is fast becoming a popular online shopping platform for the sale and purchase of various types of consumer goods, health products, electronic items, etc. The backing of global online shopping platform Ali Baba has made PayTM a very reliable online platform for the sale and purchase of different varieties of electronic items, consumable goods, groceries, etc.

Nowadays, by becoming a seller on PayTM anyone can easily reach a large number of customers nationwide and get regular orders from a wide range of consumers as compared to remaining a normal seller of consumable products in the offline local market. The growing reliability and credibility of PayTM may help sellers to easily reach a large number of customers all over India. Now if anyone wants to gain benefits of becoming a seller on Paytm. There is a very simple process of becoming a seller on Paytm.

Now we will explain to you a simple procedure for registering as a seller on Paytm.

Documents required for becoming PayTM Seller

For registration, as a seller on PayTM, First of all, sellers will have to complete different types of registrations like PAN CARD, GST, and AADHAR CARD Registration.

• Secondly, they will have to convert all necessary documents into electronic form by scanning them, and then they should upload them to PayTM Website.
• Thirdly, they will have to complete a verification procedure which can be done via email, SMS, or Call through your registered Mobile Number or Email ID.

Note: For successful completion of registration Process one must have soft copy (electronic form) of following documents:

1. Identity Proof
2. Business Registration Certificate
3. Address Proof (Electricity Bill, DL, Passport etc.)
4. Scanned copy of Cancelled Cheque.
5. If sellers shop or outlet is on rent, they must have scanned copy of rental agreement with them.

Ways to register as a seller with PayTM

In fact, there are two ways to register as a seller with PayTM

Individual Seller: For registering as an Individual Seller, one should have following documents ready with him

• Bank Statement
• PAN CARD
• AADHAR CARD

Private Ltd Company: For registering as Private Limited Company following documents are required:

• Company PAN CARD
• Company GST Number
• Company Address Proof

Registration Procedure

Registration as a Seller on PayTM is a very simple and easy process that everyone should know before registering as a seller on PayTM. For Registration as a seller on PayTM, one has to follow following simple steps online.

1. Firstly, one should sign in the PayTM Website and then visit the seller registration link. Now user will get the instructions to enter his or her personal information. After that he or she will have to submit an online form.
2. Now user will get an email or SMS from PayTM for verification purpose. In the next step user will have to upload scanned KYC document (Business related information and Business address) on PayTM Website. 
3. User will get instructions to accept PayTM terms and conditions for becoming seller on PayTM. 
4. After accepting the terms& conditions users application will be approved by the PayTM and Users seller account will be created by the PayTM .

The Main documents necessary for registration as seller on PayTM are given below;

• Email ID
• GSTIN Number
• Cancelled Cheque
• Registered Mobile Number
• PayTM Password
• Address Proof like- AADHAR CARD, Electricity Bill, PANCARD etc.
• Digital Signature with Company Stamp
• Trade Mark Certificate
• Authority Letter
• Purchase Invoice

After creating PayTM Seller Account Users can sign in PayTM Website and make use of PayTM Unified Dashboard to display their consumable, health products or electronic items. Sellers can also make use of PayTM Dashboard for promotion of their items by creating various attractive deals and discount coupon on different products (Consumable/ electronic items)

Note:   PayTM sellers can display their products on PayTM only after PayTM Seller registration process is completed.

What to do after seller registration on Paytm

After Sellers Registration on PayTM , when a customer make purchase of Sellers items displayed on PayTM dash board. The seller will instantly get instructions from PayTM to send the product via courier to the customer, and confirm the shipment of product to the Customer. As soon as customer gets his purchased item, the PayTM will then start the process of depositing money to the seller’s bank account. This process will take 2 to 7days of time. Now seller has to pay a nominal commission to the PayTM. PayTM also takes courier charges from seller.

Note: Courier Charges are included in product pricing. Usually, PayTM Seller can send their consumable/ health products or electronic items via their own courier service or they can take services of PayTM Approved courier Agents.

Other Benefits of Selling On PayTM

Some Major gains for becoming a seller on PayTM are given below:

• An offline seller of local market can easily reach a large number of customers nationwide without making any extra efforts.
• A PayTM Seller can get regular orders through PayTM in comparison to irregular orders in Local Offline Market.
• A Pay TM customer can get advantage of PayTM’s Reliability.
• Sellers can get 24*7 orders from customers via PayTM
• Now day’s customers prefer online shopping in comparison to offline shopping in Local market where there is less choice of variety in products. That’s why PayTM sellers have advantage over local sellers.
• While selling through PayTM Sellers also get the Protection against buyer fraud or product damage, with the help of PayTM seller support facility.
• Along with this PayTM also provides training to the new sellers for making them comfortable while selling through PayTM by giving them knowledge of benefits and process of Selling through PayTM.
• On PayTM sellers get the advantage of giving variety of items to their customers. which attracts customers of all age groups

Sellers query about becoming PayTM Seller

Some seller has questions in their mind, that If they can sell their product brought on other online market platform like Amazon on PayTM The Answer by an expert is yes but there are some concerns like when you buy any product on Amazon you are doing B2C transaction, which means you do not have GST input from This Purchase, So when you sell this product on PayTM You are liable to pay GST on 100% of Sale Value.

Similarly, if a seller asks about the terms & conditions, for selling on PayTM the Answer for this question is PayTM offers two platforms ie website and App for sale to increase the sale and visibility of seller’s items so that they can reach a large number of people across the country. By becoming a PaytM Seller any seller doesn’t need to maintain or market his or her ecommerce website. All he has to do is to focus on his sales.  In fact, PayTM has a simple, interactive and User-friendly dashboard to display seller’s item. Seller has to simply manage his or her inventory. If any seller wants to be registered as seller on Paytm a seller has to complete following formalities:

1. Registration of the company: Anyone who wants to register as seller on PayTM. The seller should   register as sole proprietor or as a company.
2. Tax Registration:  Once a seller forms his or her firm or company. It’s compulsory to register the organization under GST. This process is essential to avail tax benefits as a registered GST Trader.
3. Bank Account: Once Seller completes GST Registration. A bank Account opening in the name of firm or company is necessary. This will help in receiving payment of sale via PayTM
4. Ware House Details: A seller should also provide Warehouse details with Pin code (  From Where items will be picked by the courier partner) to the PayTM
5. Trade Mark: when a seller wants to be registered on PayTM. A seller who sells its products under a label. To avoid misuse of   sellers Brand name and credibility. Seller should apply for Trade Mark before Registration with PayTM.

Note: Once seller fulfills all these Terms and conditions he or she can easily register and start selling on PayTM

How Tax Advisory can help a seller in PayTM Seller registration

In recent few years due to fast growth of ecommerce business in India, a large number of online shopping platforms like Amazon, FlipKart, PayTM etc. are available for offline traditional sellers who now want to sell their stock online. For this purpose PayTM is fast becoming very popular Online market Platform for sellers due to its credibility and reliability among online sellers. After registering as a seller, on payTM. A seller can reap many benefits as an online seller on PayTM like:-

• The reliability and credibility of PayTM helps a seller to reach a large number of customers who prefer online shopping in comparison to offline shopping in traditional market.
• A seller is free from the headache of purchasing or maintaining a Website or APP to display their product catalogue.
• A seller gets more attention of customers than in traditional Offline shops or company outlets.

Process of Seller Registration

The process of seller registration is very simple and easy. Now we will explain you this process step by step:-

• Firstly, a seller will have to do PANCARD, GST and Aadhar Card registration on PayTM portal.
• Secondly, he will have to upload the scanned copies the required documents on PayTM website.
• Thirdly a seller will have to complete verification process which can be easily done through SMS or Call via their registered mobile number.

Note: Soft (Scanned copy) of following document are essential for registration as online seller on payTM

• Business Registration Certificate
• Address Proof (electricity bill, DL, Passport etc.,)
• Scanned copy of cancelled cheque
• If seller’s outlet or shop is on rent then a scanned copy of rental agreement is also required document from seller who wants to become an online seller on payTM.

If you are a New Seller, and not comfortable, in following the PayTM seller registration procedure. You can easily take the help of Tax advisory- India’s Leading Legal Service Provider, to register as a seller on PayTM. An Advisory firm can help a new seller in registration as a PayTM Seller on Pay TM Portal in following manner: -

A new seller who wants to register as a seller on PayTM. Tax Advisory will help them in VAT Registration. VAT registration may differ from state to state. For this seller will have to pay (a definite sum of money).

Along with this Tax Advisory may help seller in completing all other legal compliances for registration as a seller on PayTM like GST registration etc. Advisory firm may also help a new seller, who wants to sell on PayTM in signup on PayTM website.

An expert may help seller in completion of all formalities on PayTM registration portal which include following simple steps:

A seller will have to go on payTM registration portal and signup with his email and necessary details than verify the email and provide the essential KYC documents and Accept the Terms& Conditions of the PayTM and then Upload the Catalogue of different products (Seller wants to sell through PayTM).

For example, A firm like “Tax Advisory” may help a new seller (who is not familiar with online registration) but wants to register as seller on PayTM by providing him one stop solutions for completing all formalities and legal compliances required for registering as seller on PayTM and process his application within 24 hours.

Conclusion

Thus, we come to the conclusion that though the process of registration as a seller on PayTM is very simple and easy if a new offline seller of Traditional Market is unable to complete all legal and other formalities himself. He can easily take the help of Tax Advisory in completing all legal and other formalities required for becoming an online seller on Paytm.

Conclusion

Thus, we come to the conclusion that becoming Seller on PayTM is beneficial for all Offline sellers still selling their products in local market. As with the help of PayTM’s online platform, Offline sellers can easily reach a large number of customers all over India.  Along with this, they can get regular orders of their product as compared to occasional orders in local Market. The reliability and credibility of PayTM gives them added advantage over other sellers.

"