How to Sell on PayTM
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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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.
Points to keep in mind – read this first:
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.
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. Pan Card
8. Digital Signature With Company Stamp
9. Trademark Certificate
10. Authorization Letter
11. Purchase Invoice
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.