How to Sell on Paytm : A Quick Start Guide
Today at Legal adda we talk about how to sell on paytm which are India’s leading mobile wallet. according to Wikipedia The firm started by offering mobile recharging, adding bill payment and e-commerce , with products similar to businesses such as Flipkart, Amazon.com, Snapdeal.
So Now Paytm is another big giant in the ecommerce industry with their marketplace. Paytm also recently setup 3000 Member Team to advise the sellers and grow their business in India.
So Let’s learn about How you can sell easily on the Paytm with their marketplace Funda. so first of all you have to need some legal things which is required to not just register on the paytm even if you are dealing with any online marketplace like Flipkart, Snapdeal, Amazon or Shopclues then you have to need these legal registration things.
Even if you wanna sell online throughout your portal then you need these all of registration which we are explain below one by one :-
Pre Checklist for the Register on Paytm as Seller :-
a) VAT/CST Registration from your State Government.
b) Open a Current bank account on your Firm Name.
For the LLP and Private limited companies you need also VAT/CST Registration.
What is VAT Registration for Selling on Paytm ?
Ultimately VAT Registration is state tax which is imposed by the state government so seller have to pay taxes after the recover from the customer so ultimate burden of the VAT on the customer which is pass from Dealer to Retailers.
Here is bankbazaar.com clearly show calculation of the VAT or Sales Tax in India.
So here are the following complete documents which is required to sell on paytm :-
- Name of the Business like Sole Proprietorship Firm or Partnership Firm or Private limited company or LLP.
- Email address
- Phone number
- Bank account number which is on your business name.
- Copy of cancelled cheque
- VAT registration
- Scan copy of address proof
- Electricity bill
- Bank statement
- Aadhar card
- Passport copy
- Certificate of incorporation
- Rental agreement
Now we talk about How to Apply for the VAT Registration to Register on Paytm :-
VAT Registration is state wise so every state have own Rules and Regulations. but we share here common process to Obtain VAT ID to Register on Flipkart. Paytm, Snapdeal, Amazon, Shopclues & many more other marketplaces :-
How to Get VAT Registration Online
There are lot of Online Legal Services Provider in India which provide the Legal services but VAT/CST Registration required physical presence of the service provider so you can hire any local known Chartered Accountant or Tax Consultant. you can done it online also via some portal like myonlineca which have large network of Chartered Accountants and Tax Consultant where you got the good pricing packages for your startup.
VAT Registration is Mandatory for Selling on Paytm :-
Basically VAT is tax registration so every marketplace like Paytm, Flipkart, Snapdeal, Amazon ensure about the VAT Tax collection and for the collection of the taxes they need seller VAT Id.
As per Flipkart or Paytm or many other marketplace say if you have unstitched apparels, books or handicrafts, then VAT registration is not required. you can simply signup on these Marketplaces easily without the VAT Registration.
Some Portal required also VAT Registration Undertaking. you can Download here Paytm VAT-registration-undertaking
How to Signup on Paytm Website for Sell on Paytm
- Go to Paytm Seller Registration Portal
- Signup with your email and necessary details.
- Verify the email and provide the necessary KYC Documents
- Accept the Terms and Conditions of the paytm.
- Upload your catalog of thee products and start selling on Paytm.
Here is the Review regarding the Paytm Seller of Mr Aakash
FAQ Regarding the Register and How to Sell on Paytm
- How does selling on Paytm work?
Selling on Paytm is very easy. First, list the products that you want to sell on Paytm’s marketplace. The customer sees your product and makes a purchase. You’ll receive an email to ship the product. You deliver the product to the customer and confirm the shipment. Paytm will deposit the funds into your bank account (as per the payment term) after deducting its fees.
- What are the commissions for working at Paytm?
The commission varies from category to category. Please contact us to know more at [email protected]
- What are the logistics charges? Can we charge the customer for shipping?
The logistics charges are Rs. 45/- per 500gms (incremental on every 500gms by 45/-). Normally, Paytm doesn’t charge the customer for shipping separately; however, you may include the shipping charges within the selling price. In case of low value products, we can specify shipping charges separately.
If you are selling products with a volumetric weight more than 10 kilos, we can ship these products by surface and will charge about Rs. 20/- per kilo.
- Can I ship my orders on my own through my own courier partners?
Yes, you can use your own logistics. However; Paytm has the widest range of pin code serviceability and a large number of trusted courier partners that will be there for your support. In case you use your own logistics, your products can’t be made live on COD (cash on delivery) and only prepaid orders will be allowed.
What are the Payment terms?Paytm’s payment cycle is 2 to 7 days, e.g. payments are made on every Friday or Monday for all the ‘delivered’ products till Thursday.
Why to Choose Paytm to Selling Online Our Products
There are lot of reasons. Paytm is backed by Alibaba Group which are already in this segment. Here is most useful 7 Reasons which is helpful for seller to start the selling Online on Paytm.
Hope This is Helpful Article regarding the How to Sell on Paytm. For the Legal Queries regarding the Sell on Paytm you can fill up below form and Live Chat with us on Whatsapp or Our Android App.
Source : Paytm Seller, Bank Bazar, indianonlineseller, Flipkart Seller Hub.