{"id":123960,"date":"2023-04-28T23:28:55","date_gmt":"2023-04-28T23:28:55","guid":{"rendered":"https:\/\/businessyield.com\/?p=123960"},"modified":"2023-04-29T07:55:27","modified_gmt":"2023-04-29T07:55:27","slug":"cash-on-delivery","status":"publish","type":"post","link":"https:\/\/businessyield.com\/ecommerce\/cash-on-delivery\/","title":{"rendered":"CASH ON DELIVERY: All You Need To Know","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"\n

According to Catalyst and Kantar’s report, The State of E-commerce 2021, improved logistics and delivery methods are predicted to increase by 28% over the next few years. It is becoming increasingly evident that providing customers with alternate shipping and delivery methods, such as a cash-on-delivery service, is critical to improving the customer experience.
Offering cash on delivery is still advantageous for your eCommerce business<\/a>, with few drawbacks. But, exactly, what is cash-on-delivery? Let us explain!<\/p>\n\n\n\n

What is Cash on Delivery (COD)?<\/h2>\n\n\n\n

Cash on delivery (COD), also known as “collect on delivery” and “cash on demand,” is a payment technique in which clients do not pay for sent items until they have received them and determined that they want to keep them. If the customer does not wish to keep the things and pay for them, he or she returns them to the shop.<\/p>\n\n\n\n

With cash on delivery, the retailer assumes significant financial risk and frequently bears the expense of shipping because they don’t know whether or not the buyer will pay for the items. The sale is not complete until the items are delivered and the buyer decides to pay for them.<\/p>\n\n\n\n

How Cash On Delivery Works<\/h2>\n\n\n\n

Cash on delivery can be offered by retailers for both perishable and nonperishable goods. A consumer often pays the delivery driver directly for the entire order under a COD arrangement for perishable goods, such as a phone order from a local pizza shop.
A customer will either pay the shipping fees and\/or a deposit (but not the cost of the items) beforehand for nonperishable goods or pay all associated costs at the time of delivery. In the latter situation, the handler will send the monies to the supplier after deducting their shipping and handling fees.<\/p>\n\n\n\n

How Do You Provide a Cash-On-Delivery Service?<\/h2>\n\n\n\n

The COD system is ideal for customers who are hesitant to provide their bank credentials online. This alleviates client anxieties at the checkout, and the online business gains customers who would have purchased offline otherwise.
The customer must select the COD option at the checkout page and payment screen for this to happen.
As a result, when the courier arrives with the delivery, the consumer must pay before receiving and opening it.
The money will be sent to the seller in accordance with the terms and conditions previously agreed upon by both parties.<\/p>\n\n\n\n

What are the Terms and Conditions of COD Delivery?<\/h2>\n\n\n\n

All terms and conditions must be met to ensure quality service for the customer, courier, and seller. The activities that each agent must perform are listed below.<\/p>\n\n\n\n