Small Industries Development Bank of India
November 15, 2018
What is a Bank Current Account?
November 16, 2018

Paytm Seller Registration – A Detailed Guide

Last Update Date : April 04, 2019
Estimated Read Time: 4 min

seller registration

Paytm is the largest E-Commerce application for making the payment and for making monetary transactions just by using other’s mobile number. It is India’s biggest digital wallet company. Paytm facilitates buying and selling option through the application. Paytm has helped retail marketing to explore their ways of selling online. It has created a platform for selling and buying at larger end making it convenient for consumers and sellers to purchase and sell their products respectively from the constraints of their home/office.

Why sell through Paytm

Paytm has given a larger scope for everyone, be it individuals, companies or organisations. It has 24/7 access with fantastic offers with it. Let us discuss few benefits of selling through Paytm:

  • Wide scope for retailers to explore without using any marketing strategies.
  • Low maintenance for the sellers as well as the purchasers.
  • Attracts the customers by providing offers which increase the customer database for the sellers.
  • Paytm has helped homemakers to recognise their talents and sell through Paytm.
  • Goods can reach from one city to other easily.
  • Helps in the expansion of businesses.

Therefore, the sellers are very satisfied using Paytm as a platform for business expansion. They don’t have to stress about marketing their products.

Who can sell through Paytm?

Selling on Paytm requires you to meet certain conditions as given below:

  • An Individual can be registered on his/her capacity
  • One Person Company, Public limited company and Private limited company can be registered on Paytm, transactions will be done through a corporate entity
  • Limited Liability Partnerships
  • Partnership Firm

Registration Process

The following are the steps/process involved in the registration of Paytm Seller:

Step 1: Go to Paytm Seller Registration page
Step 2: Enter your name, phone number and email address and set a password
Step 3: Verify your account through your email address
Step 4: Verify your account through your mobile number
Step 5: Enter the details about your business and address
Step 6: Provide required documents for KYC process
Step 7: Approve terms and conditions and continue by updating the catalogues of your products
Step 8: Start selling on Paytm

Documents Required for Paytm Seller Registration

The following documents are required to be submitted for registering yourself as a Paytm seller:

  • Name of the individual/company/LLP
  • Valid mobile number
  • Valid email address referring the individual/company/LLP
  • A scanned copy of address proof (Electricity bill, Aadhaar number, Bank statement, Passport scanned copy, Rental agreement, Certificate of incorporation)
  • A scanned copy of PAN card of the individual/company/LLP
  • Bank account details (account number, IFSC, account name, bank name, branch location)
  • A scanned copy of cancelled cheque
  • GST registration number. All the companies need to be registered under GST, in case they’re selling through an e-commerce platform
  • Logistics is optional. In case you choose ‘yes’, you avail the services. Otherwise logistics will not be available for you.

After completing all the verifications and submitting the documents, you will have to wait for the approval from Paytm. Till then, your request is kept pending.

Paytm Payout Process

The payment process of Paytm to the sellers in done on weekly basis except for Saturday and Sunday. Once the order status changes to ‘delivered’ on the seller’s end, the seller tends to receive a mail from Paytm, which provides details of their order and earnings.

Paytm Pay-out process considers all the charges and market price of the products. The computation of earnings is based on the formula given below:

Earnings = Selling Price – (Marketplace commission + Payment Gateway charges + Logistics (shipping charges/packaging charges) + Penalty (in case any) + GST)

For example, an order was placed for Rs 1500/- (selling price). Let us see what the earning of the seller after deducting all the cost will be.

Selling Price1500/-
(-) Marketplace Commission (10%)150/-
(-) Pay-out Gateway Charges (2.7%)40.5/-
(-) Logistic Charges75/-
(-) GST (18%)270/-
(-) Penalty0/-
Total Pay-out earning964.5/-

Tax on Paytm

Paytm being an E-commerce application and digital wallet company charges GST (Goods & Service Tax) on all the services. Paytm charges GST @ 18% on the selling price of a product. The seller must provide GSTIN registration certificate. As per the provisions of sales tax, GSTIN is required for selling goods across India.

Paytm v/s other e-Commerce Websites

Paytm has everything at one place, whereas other e-commerce sites either have platforms where they only purchase or only sell. Other than buying and selling, Paytm has a facility to transferring money, recharging your subscriptions, etc. Thus, Paytm works as an e-commerce platform as well as a wallet.

Frequently Asked Questions

Q. Are there any charges for selling on Paytm?

A. Paytm is free for a list of products. Paytm mall doesn’t charge anything for listing catalogues online. You only pay a small commission for what you sell.

Q. Can I sell if I don’t have GST/GSTIN Number?

A. Selling on Paytm will require GST/GSTIN number. However, you will eligible to sell only tax-exempt products in case you don’t have GST/GSTIN number. PAN card number is mandatory anyway.

Q. What do I do if my document verification is still in pending or gets rejected?

A. Generally, documents take 24 hours to get verified, and it must be a working day. Otherwise, you can raise a request via seller support tab. In case of rejection of documents, you will have to resubmit your documents via seller panel.

Paytm is serving and encouraging individuals to earn through the e-commerce platform. The process of registering as a seller on Paytm is quite easy and affordable.

How H&R Block can help you?

Saving taxes and filing income tax return accurately becomes very easy when you have professional help. This is where we come into the picture. We have a team of in-house tax experts who can file your tax return accurately while giving you maximum tax benefits.

Leave a Rating!
5.0 (3 Votes)
Chetan Chandak (B.Com, LLB)
Chetan is the Head of Tax Research at H&R Block (India) with an experience of more than a decade in tax advising. He is also a regular contributor for some of the leading news publications in India such as Economic Times, Financial Express and Money Control. Professionally, Chetan is fascinated by international taxation and expat-related tax research.

Still Have Questions?