Pay on the conveyance (Cash on Delivery or CoD) is a standout amongst the most noticeable methods of installment in India. Buyers love to see the item before paying for it and CoD has made that possible. It has changed the manner in which Indians shop, for the most part since they don’t need to pay for the thing before they see it. Moreover, factors like not well equipped with online transaction system absence of trust in retailers, dissatisfaction with the item quality or type additionally make CoD an increasingly prevalent choice among Indians. Industry experts estimate that 60-75 percent online orders are still paid as COD.
Cash on Delivery is a common option that a quality website must provide, so before choosing a product make sure the platform or storefront offer cash on delivery services.
How the process of buying and selling works?
1. The customer puts in a request on the site and demands for a doorstep delivery
2. A delivery official picks the item from the trader/satisfaction focus and conveys it to the customer’s location.
3. The client makes the installment by means of cash or card to the delivery guy.
4. The installment is received by the commercial center, which is going to the bank account of the seller directly through us.
Benefits of COD
1. Gather payments by means of COD
2. Keep up the cash flow for the business
3. Give choices for both COD and prepaid requests to the client
4. Most reduced rates for COD collections
How this influences you as a vendor?
Pay on Delivery orders are not much different from the prepaid requests, apart from the method of installment. There is no misfortune to the merchant as the expense of the item and the manner in which you get your installment from the online based business website continues like before. Pay on Delivery drives more traffic as many clients shop each day because of it. This online traffic will, in the long run, convert into better deal figures, so merchants should utilize it to further bolstering their advantage.