Cash on Delivery (COD) is a payment method that allows customers to pay for goods and services at the time of delivery, rather than in advance.
This method of payment is convenient for customers who don’t have access to a credit card or other payment methods, and it gives them the peace of mind of knowing that they won’t be charged until they receive their order.
COD is a popular payment method for online purchases, as it eliminates the need for customers to provide their credit card information or other sensitive information online.
Instead, customers can pay for their orders when the delivery driver arrives at their door. This eliminates the risk of fraud and other security issues that can arise when customers provide their payment information online.
COD is also a great option for businesses, as it eliminates the need for them to store and process credit card information. This can help to the risk of fraud and other security breaches, as well as reduce the cost of processing payments.
Additionally, businesses can benefit from the additional sales that COD can generate, as customers may be more likely to purchase if they know they won’t have to pay until they receive their order.
Overall, Cash on Delivery is a convenient and secure payment method that can benefit both customers and businesses. It eliminates the need for customers to provide their payment information online, while also reducing the risk of fraud and other security issues for businesses.
Additionally, it can help to increase sales by giving customers peace of mind.
Benefits
List | Description |
---|---|
Security | Cash on delivery is a great option for customers who are concerned about the security of their personal information or who don’t have access to a credit card or other online payment option. |
Variety of payment options | With cash on delivery, customers can pay for their purchases with cash, check, UPI, Net banking when they receive them, eliminating the need to provide any personal or financial information online. |
Flexibility | can inspect the product before they pay and if don’t like, easily can request to return |
Convenience | A customer does not use any online payment and credit card, it quite beneficial for them |
Different Types
- Traditional COD – Simply Pay when the order is delivered in your hand.
- COD with credit card – The users have to pay for their purchases with a credit card at the time of delivery
- Digital Wallet COD – You can pay for your COD orders using digital wallets such as Paytm, PhonePe, or Google Pay
- Card Swipe – The delivery person provides a portable card swipe machine to easily swipe your debit or Credit cards.
- Partial COD – pay a portion of the order amount on the website and the remaining balance in cash at the time of delivery
Advantages of Cash on Delivery For Your Business
- With COD, customers are required to pay for the goods or services at the time of delivery, so there’s no risk of non-payment. This can be especially beneficial for businesses that offer expensive products or services.
- Convenient – Customers don’t need to have a bank account or credit card to pay for their purchases. All they need is cash, which makes it easier for customers to make payments.
- Increase Sales – Customers who don’t have access to other payment methods may be more likely to make a purchase if the business offers COD payments. This can be especially beneficial for businesses that sell products or services that require immediate payment.
- Reduce costs – By eliminating the need for credit card processing fees, businesses can save money on transaction costs.
Top 15 Brands in India
# | Brand | Product Range | Delivery Charges | Delivery Time | Customer Reviews |
---|---|---|---|---|---|
1 | Amazon | Wide range of products | Free for orders above ₹499 | 2-3 days | Excellent |
2 | Flipkart | Wide range of products | Free for orders above ₹999 | 2-3 days | Good |
3 | Snapdeal | Wide range of products | Free for orders above ₹499 | 2-3 days | Good |
4 | Paytm Mall | Wide range of products | Free for orders above ₹499 | 2-3 days | Good |
5 | Shopclues | Wide range of products | Free for orders above ₹499 | 2-3 days | Good |
6 | Jabong | Fashion products | Free for orders above ₹999 | 2-3 days | Good |
7 | Myntra | Fashion products | Free for orders above ₹999 | 2-3 days | Good |
8 | Tata Cliq | Fashion products | Free for orders above ₹999 | 2-3 days | Good |
9 | Firstcry | Baby products | Free for orders above ₹999 | 2-3 days | Excellent |
10 | Lenskart | Eyewear products | Free for orders above ₹999 | 2-3 days | Excellent |
11 | Amazon Fresh | Groceries | Free for orders above ₹500 | 1-2 days | Excellent |
12 | Grofers | Groceries | Free for orders above ₹500 | 1-2 days | Good |
13 | BigBasket | Groceries | Free for orders above ₹500 | 1-2 days | Good |
14 | Pharmeasy | Medicines | Free for orders above ₹99 | 1-2 days | Excellent |
15 | Medlife | Medicines | Free for orders above ₹99 | 1-2 days | Excellent |