PAYTM which was launched in August 2010 as a mobile wallet has now entered into e-commerce domain. Today it is a popular platform for shopping and sellers are also enjoying the ease of doing business on getting registered on Paytm as online sellers.
Who can become a Paytm seller?
- An individual in his own capacity can get registered and sell his goods through the platform
- One Person Company, Private limited Company, Public Limited Company can be formed and registered on PAYTM. All the transactions will be done through this corporate entity
- Limited Liability Partnership can register itself as a seller
- Partnership Firm can also register itself
Documents Required for Paytm Seller Registration
- Name of the Company, LLP, Firm or Individual is required
- Valid contact number of the entity registering itself
- Valid Email Address of the entity
- PAN card – In case of a Company, LLP or a Partnership, the PAN Card bearing the name of the entity is required whereas in case of an individual, the PAN Card with the name of the person is required to be submitted while registering
- Bank Account – The details of the current bank account of the business is required
- GST registration – All the business from April 2017 need to be registered under the Goods and Service Tax (GST). As per the government’s declaration, all businesses selling goods on any e-commerce platform need to be registered under GST. This development has been into power since 1st April, 2017. The documents required for the registration are:
- PAN Card
- A Cancelled cheque of the account on which the payments are going to be received.
- Aadhaar card
- An email address
- Phone number
- Address proof of the entity, for eg- Bank Statement, Utility Bill, Passport copy etc. need to be submitted
- Certificate of Incorporation in case of a Company and the copy of the Partnership Deed in case of a firm
