The full form of COD is Cash on Delivery or Collect on Delivery. This is the payment method available on various E-commerce websites. Also, COD is the most popularly chosen option available in the market. This is due to the reliable and hassle-free nature of this method. Moreover, people tend to buy from the online marketplace that provides them with this payment option. COD allows the buyers to gain trust from the seller. Nowadays online fraud is at an all-time high, and most of them include paying money beforehand. So, people tend to trust the option of paying only once they receive their product from the online shopper.
COD generally means Cash on Delivery or Collect on Delivery. It is a kind of payment method that is now easily available on various E-commerce websites. It is the most popularly chosen option available in the market nowadays. It mainly allows the buyers to gain trust from the seller.
Furthermore, the COD has a completely different picture from the seller’s end. The seller may get more orders from the COD option, but he won’t receive the payment instantly. The payment from the customer goes back to the logistics and takes days to process the whole money. Likewise, the buyer will get the money for the product he sold in a week, which he may get instantly at the time of online payment. Also, at trustworthy sites like Flipkart, Amazon we don’t think much about the COD and take the online option.
Cash on delivery is a type of payment made on delivery rather than in advance via online payment or bank transfers. It’s interchangeable with the term “collect on delivery” as it nowadays also includes transactions by credit or debit cards and other forms of cashless payment.
If a wrong or damaged product is delivered then only you can refuse it on the of Cash on Delivery (COD). There are some advantages of COD to the customers such as a customer does not require a credit card, impulse purchases can be made, the credibility of the retailers can increase.
Cash on Delivery (COD) is a very reliable method. You can pay after receiving the product. Many of the popular shopping portals such as Amazon, Flipkart, Myntra, etc as well as local shopping apps provide Cash on Delivery facilities for the customers. If cash is not available to you, you can also pay by using an online transfer at the time of delivery.
| Term | Full Form |
| COD | Cash on Delivery or Collect on Delivery |
FAQ’s
This is the payment method available on the various E-commerce website. Also, COD is the most popularly chosen option available in the market. This is due to the reliable and hassle-free nature of this method.
COD is short form of Cash on Delivery or Collect on Delivery.
Cash on Delivery or Collect on Delivery is full form of COD.
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