When choosing a payment gateway, it is essential to know what payment gateway documents are required and which gateways offer these options. The first step in this process would be gathering as much information on your business needs as possible to narrow down the choices of available providers.
Documents needed for public/private limited organizations
Certificate of Incorporation (this is a legal document that specifies how many shares your company has and who they belong to)
Company PAN
The Current Account Statement shows that you are trading with customers or suppliers.
Proof of Identity is a document that shows your identity. It will apply to business owners and authorized signatories. The signatory has to provide detailed information about their full name, date of birth, address, etc. Small businesses must apply for business registration with e-governance services.
The FSSAI certificate of approval is issued by India's Food Safety and Standards Authority, which is responsible for food safety guidelines.
Documents for society and trust
The 80G is an application for the individual to become familiar with their financial status to ensure that they are eligible for federal benefits,
12A is an annual income statement of all your assets and liabilities.
The Society Registration Certificate is the legal document that confirms a company's existence.
The Trust Act Certificate issued by the Government ensures the process of creating and operating on this foundation with transparency.
DOCUMENTS for a sole proprietor
Proof of Business ID is an official document issued by the Government to businesses and organizations that prove they are conducting good business.
Every business account comes with free Proof of Business working statement.
To register your business in India, you need a Proof of Identity Number or PAN Card. The signatory on the card has to be an individual and not a firm.
DOCUMENTS for partnership
Company PAN card
An excellent way to prevent fraudulent transactions on your website is by having you and your authorized signatory present their identity proof.
DOCUMENTS for NGO
A business registration certificate is a document that certifies the existence of a legal entity intended to represent an individual or group.
NGO should submit a PAN card in the name of the NGO.
Form 80G is the document that has been mandated by law to be submitted for NGO/Non-Profit organizations.
Summary : Nimbbl is a company that provides Payment Gateway services, primarily to e-commerce outlets. The Reserve Bank of India has made it mandatory for all payment gateway service providers to furnish the following payment gateway documents required before they can begin processing payments and recharges for their customers. For example, Nimbbl has been granted permission from the Reserve Bank of India to process transactions using digital platforms like e-commerce or mobile banking apps on behalf of its clients.
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