Seller KYC Details KYC verification Process

Be a KYC Verified Seller To Get Maximum Benefits of Droom Features!

Droom is a self-service platform where your success is in your hands. We are a performance-based marketplace where sellers only pay when they sell through the platform. Sellers do not pay to list their vehicles; they can list unlimited vehicles on Droom. There is also no payment needed to get an online showroom, to access StoreManager, or to use our seller tools for pricing and trust, or to grow their business. Being an online ecommerce platform, we win only when our sellers win.

In order to build world’s largest automobile seller community, we would like to know you better. So, we would request you to update your KYC (Know Your Customer) and bank account details in the StoreManager to take maximum benefits of Droom’s features and offerings. Below is the list of details which you must fill to avail all benefits from Droom.

  1. Verify your Mobile Number - It can be verified via OTP send on your number, when you login to your StoreManager
  2. Verify your Registered Email ID – You can verify this by the clicking on link send to you on the provided email id
  3. Verify your Identity or Name - Enter your name that is similar to the name on PAN card or PAN account. In case of doubt, please verify your name on PAN card by clicking here.
  4. Verify your Business Address – You can easily verify your business address by uploading valid documents as proof. The acceptable documents are Electricity Bill, Mobile/Landline bill, Water Bill, Bank Statement, Passbook, Cheque book, Power Of Attorney and Rent Agreement with Seller's AADHAAR. Freelance Seller can also submit AADHAAR, Voter’s ID, Driving License, Passport, Gas Bill, Credit Card Statement and Property Tax receipt for address verification.
  5. Verify your Bank Account details – Droom will credit some money to your registered bank account. Once credited, you can mention the value credited in your bank account in the StoreManager (Setting-> KYC & Banking Info -> Bank Account Details)

We request you to update your KYC details as soon as possible to receive an uninterrupted service from Droom. Please ensure to provide all the KYC and bank account details in your StoreManager to enjoy all Droom features and services. Droom will hold your pay-outs (until verified) for sellers, who are not KYC verified.

Benefits to Seller

  1. Become a verified seller and get a Verified Seller badge to build trust in buyers
  2. You can upload your listings and make it live in less than 3 minutes if your mobile number is verified.
  3. Get paid on time by verifying all five parameters – mobile number, email id, name, business address, bank account details
  4. Get access to Welcome Coupons after verifying your KYC details

How it Works

You can easily verify your KYC and bank account details using StoreManager. Here are the steps to verify your details:

Following are the steps to Verify KYC:

Step 1: Login to your StoreManager account

Step 2: Go to “Settings” and click on “KYC and Verification”. The Verification tab will provide the information of verified and not verified KYC details

Step 3: To verify your bank account. Provide bank account details under “Profile Settings -> Business Info”

Step 4: Go to Verifications and enter the random verification amount received in your bank account and click “verify” button

Step 5: If your email, phone number, address, and identity is not verified, please check the information provided by you. You can change any of these details by clicking “Change” option given. These details are verified by Droom on basis of details provided by you.

You can also update/edit your KYC details later, but you must verify them again.