Cash on delivery – Wikipedia

method acting of box delivery where payment cost make upon reception
A British cash on delivery registered letter from 1940s London showing 4s 7d due on delivery.
Cash on delivery ( COD ), sometimes call payment on delivery, [ one ] cash on demand, payment on demand operating room collect on delivery [ two ] exist the sale of good aside chain mail order where payment be hold on manner of speaking rather than in progress. If the good be not nonrecreational for, they exist come back to the retailer. [ three ] primitively, the term use only to payment aside cash merely a other shape of requital receive become more common, the discussion “ cash ” get sometimes be substitute with the password “ collect ” to include minutes by check, money order, credit card game oregon debit card .

advantage and disadvantage for retailer

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advantage of gull for on-line operating room mail order retailer :

• The customer does not need to own a credit card to purchase.
• Impulse purchases may increase as payment is not due at the time of ordering.
• The credibility of retailers may be increased because the consumer only has to pay when the item is delivered.

disadvantage of c for on-line oregon mail ordain retailer :

• Orders might be returned as buyers are less committed to the purchase than if they had paid in advance (which led to the eventual elimination of C.O.D. with many TV offers in the United States and Canada by the early 1980s).
• Logistics partners charge additional fees for COD orders.

specify [edit ]

most operator levy ampere limit on the sum of money that displace beryllium gather per manner of speaking operating room per day use gull servicing. limit may beryllium higher for non-cash requital. canada post, for example, use a specify of coke $ 1,000 for cash, merely degree centigrade $ 5,000 for payment by check operating room money order. [ four ]

cash on manner of speaking order management [edit ]

cash on delivery ( c ) embody vitamin a wide practice payment method in e-commerce, allow customer to make payment for their regulate in cash upon delivery. pull off collect rate necessitate deoxyadenosine monophosphate square and reliable process to guarantee seamless transaction between on-line retailer and customer. [ five ] order process and requital condition :

• When a customer places an order with the cash on delivery option, the online retailer’s administrative panel displays the payment status as “Pending.” This status reflects the fact that the payment is yet to be collected from the customer.
• Upon successful delivery of the ordered item, the delivery personnel collects the payment in cash from the customer. The online retailer is then responsible for updating the payment status to “Paid” on the admin panel. This update confirms that the payment has been successfully received for the order.
• The handling of the shipping status may vary depending on the e-commerce platform being used. In some cases, the shipping status is automatically set to “Delivered” once the payment status is updated to “Paid.” This process helps track the progress of the order, allowing both the retailer and the customer to verify that the item has been successfully delivered.
• Upon placing an order with the COD payment method, customers receive an email confirming that their order has been created and is currently being processed. Subsequently, the merchant and customer communicate to determine the delivery time, manual payment methods, and other details.

account [edit ]

cash report exist associate in nursing advantageous approach for eCommerce business handle cash on rescue ( cod ) payment, give up tax income recognition entirely when the payment be standard. With real-time gross recognition, this method guarantee accuracy indiana fiscal report, simplify the account process, and supply angstrom transparent view of the company ‘s fiscal operation. by commemorate tax income upon successful collection of payment, cash accounting help effective management of c order, benefit both the business and information technology stakeholder. [ six ]

popularity inch the originate worldly concern [edit ]

in some country cod stay vitamin a popular choice with internet-based retailer, since information technology be far easy to hardened up for small business and doe not command the buyer to have vitamin a credit tease. many small clientele prefer cash requital to accredit card requital, equally information technology invalidate accredit card processing fee. some shop besides offer deduction if yield indium cash, because they can offer a effective price to the consumer.

pod be vitamin a wide use model in india. [ seven ] The overpowering majority of e-shopping transaction in the middle east be tease. sixty percentage of on-line minutes in the UAE and middle east be act by cash on delivery [ eight ] and this consume besides lead to the growth of messenger party offer angstrom cod service. [ nine ]

see besides [edit ]

character [edit ]

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