08 Feb 2018

Document Checklist for Payment Gateway : Payumoney

Have questions about the documents required for accepting payments with PayUmoney payment gateway? Here’s a documents checklist that you should keep ready according to your business filing status.

Business Filling Status – INDIVIDUAL

  • Copy of Pan Card duly signed.
  • Copy of Address Proof (Driving License/ Voter ID/ Adhaar Card/ Passport) duly signed.
  • Cancelled cheque of the bank account (Original), IFSC code and Name should be printed.

Kindly do not stamp if your business filing status is: INDIVIDUAL

Business Filling Status – PROPRIETORSHIP

  • Copy of Pan Card duly signed and stamped.
  • Copy of Address Proof (Driving License/ Voter ID/ Adhaar Card/ Passport) duly signed and stamped.
  • Cancelled cheque of the bank account (Original). IFSC code and Name should be printed.
  • Copy of Govt. Proof of the firm (Please ensure that the Proof has Govt. Seal on it) duly signed and stamped

Business Filling Status – PARTNERSHIP/LLP

  • Authorization letter for the Signing Authority duly signed and stamped by all partners on the company letter head. (format sent on registered mail ID)
  • Cancelled cheque of the bank account (Original). IFSC code and Name should be printed.
  • Copy of Pan Card of the Authorized signatory duly signed and stamped.
  • Copy of Address Proof of the Authorized signatory (Driving License/ Voter ID/ Adhaar Card/ Passport) duly signed and stamped.
  • Copy of Company’s pan card duly signed and stamped by Authorized signatory.
  • Copy of Govt. proof of the firm duly signed and stamped by Authorized signatory (Please ensure that the Proof has Govt. Seal on it).
  • Copy of Partnership deed duly signed and stamped by Authorized signatory.
  • Copy of Certificate of Incorporation mandatory for LLP duly signed and stamped.

Business Filling Status – Private limited/ Public limited/Trust /Society

  • Board Resolution / Authorisation Letter for the Signing Authority duly signed and stamped by at least two Directors / Trustee /Members on the company letter head (available on dashboard after penny testing)
  • Cancelled cheque Original Copy, IFSC code and Name should be printed.
  • Copy of Pan Card copy of the Authorized signatory duly signed and stamped.
  • Copy of Address Proof (Driving License/ Voter ID/ Aadhar Card/ Passport) duly signed and stamped.
  • Copy of Company’s pan card duly signed and stamped by Authorized signatory.
  • Copy of Company’s Govt. proof of the firm (Certificate of incorporation mandatory for Private Limited and Public Limited) duly signed and stamped.
  • Copy of Form 18, if there is any change in address of the entity duly signed and stamped.
  • Society Registration Certificate for filing status as society duly signed and stamped.
  • Trust Act Certificate issued from Government for Trust duly signed and stamped.

Mandatory Additional documents required in case taking donations: Form 80G duly signed and stamped – Form 12A duly signed and stamped.

Important Note:

  • Please ensure that the Name Order/Spellings and Date of Birth on Address Proof should match with details as on Pan Card if not then sent a declaration/affidavit (Original Copy) by mentioning name and DOB as on Pan card and Name and DOB as on address proof and then declare correct spellings and also declare both names and DOB are of same person.
  • Signature done on all the agreement pages and on supporting documents should be same as on personal PAN CARD/ PASSPORT/DRIVING LICENSE.
  • Each and every page of the agreement (available on dashboard after penny testing) and attached documents should be properly signed and stamp at bottom right hand side of the page by authorized signatory, and on Page No .3 should signed and stamped inside the respective “Signature /Organisation stamp Box”

The above is a document checklist for merchants looking to accept payments with PayUmoney payment gateway. A detailed and final document checklist will be available on the payment gateway’s dashboard post completion of penny testing.

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25 Oct 2016

14 Mistakes You May Be Making When Buying Domain Names

Have a great idea for an online business? Have an offline business you want to establish online as well? There are some common mistakes you should know about first.

Businesses generally have few truly defining factors that separate them. One of those factors is the domain/business name they use. Potential clients and customers see the business name before anything else. Positive reaction to your domain can help steer them your way. A quality name can thus greatly contribute to your online success.

Already have the domain name for your online business? This list of mistakes may include issues you encountered when buying your domain. It’s never too late to restart with a more solid brand. You can even use the opportunity to create some additional buzz!

Here are the 14 mistakes you should avoid when buying your domains:

1. Taking the domain/business name decision lightly

Don’t just buy the first domain that looks good. Many people do this only to seriously regret it later. Make sure you treat the domain/business name as a serious decision.

2. Thinking small instead of big

Starting out small doesn’t mean you will remain small. Cornering yourself into a niche or locale can limit your potential. Thinking big from the start can expand your world of opportunity.

3. Thinking “good enough” instead of best

You have the potential to lead your industry with your domain. A one-time cost provides ongoing marketing benefit for your business.

4. Not pursuing your ideal name if it is taken

Did you come up with an idea for a domain name only to find out someone registered it before you? Even if the domain is in use, the owner may still be interested in selling it for an affordable amount. You can try to initiate contact with the owner yourself or use a service like ours to help you acquire it.

5. Not considering alternative options if your ideal name is taken

Don’t get discouraged if your ideal domain is unattainable. There are plenty of fish in the sea to choose from. You may be surprised at other domains out there for you. You might find a better domain than your original choice!

6. Not researching potential trademark conflicts before buying the domain

Getting a domain name conflicting with a trademark can cause major issues. The domain can be taken away through a legal process called UDRP. Additionally, you can also be sued and face massive damages! To check for trademarks in the US, visit the USPTO TESS trademark search.

7. Buying something other than a .com for your primary business domain

In most cases, this will cheapen your brand and make it second-rate. One exception is .org, which non-profit organizations should use. Also, if your company only does business within one country, it can make sense for you to get a domain in the ccTLD for your country. Examples are .co.uk, .de and .ca. Additionally, certain trends may sometimes indicate viable options in particular areas. Short .ly domains for instance have been trendy recently for social media usage. Exceptions aside, a tiny percentage succeed in non-.com extensions vs. those that fail.

8. Getting a domain that doesn’t match your business name, industry, product or service

There is an underlying mistake that can cause this mistake to happen: Naming your company before you check the domain for it. It is best to get the domain name BEFORE naming your business to avoid this. You business name and domain not matching up can cause confusion for visitors.

9. Targeting weak keywords for SEO due to lack of keyword research

It can be nice to make it to #1 in the search engines. If it’s for a term no one looks up however, it’s worthless! Perform keyword research to find valuable terms before planning your SEO.

10. Using a domain/business name that would not be well-received by your market

This can be especially bad if your competition are long-established brands. An example of this was the startup search engine Cuil. Self-described as the “Google killer”, they never gained traction with users. Their awkward-sounding name clearly seemed subpar to Google and Yahoo. To avoid this, get solid unbiased opinions of the name before using it.

11. Using a domain/business name that is difficult to spell, type, or say aloud

Doing this can really hamper your ability to get word-of-mouth. A “difficult” name makes it hard to tell a friend about the site. A hard-to-spell domain allows traffic to be lost to typos and misspellings. Make sure to secure common typos and misspellings of any such difficult name. For example, before settling on Domainate.com for our company name, we made sure to secure both Domain8.com and DomainEight.com as well.

12. Not checking alternate/foreign meanings of your newfound domain/business name

Your brand name should convey a certain image of your business. Sometimes, alternate or foreign meanings of your name can conflict with that image. An innocent-looking made-up brand may mean “idiot” in another language. Knowing that may definitely change your opinion of it as a brand!

13. Not getting catchy/memorable domains to use for special promotions

The mindset behind domains for promotions is different than for business names. The domains should be common or catchy phrases that stick in people’s minds. Getting something boring and/or without meaning can hurt a promotion. Getting unbiased opinions of the domain first can help you avoid this mistake.

14. Not getting a domain name or establishing an online presence at all

The internet has created massive successes for many offline businesses. Having a website on a quality domain showcases your business to the world. The biggest mistake you can make is ignoring the internet in today’s business realm.

Avoiding these mistakes is the key to getting a strong business name. You’ll seem more professional, elite and exciting to your potential clientele. It is worth the time, effort and money to make the right domain decisions. It improves the life of your business and you would never regret it.

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