Cash On Delivery
What Is COD?
COD is the short form of Cash On delivery. This is the most popular payment method for eCommerce. According to this payment method, the customer will pay at the time of receiving the product. The customer won’t have to pay the amount in advance. You have to pay the total amount in cash to the delivery agent. You can receive your product from the delivery agent and pay the amount.
As customers don’t have to pay the amount in advance, sometimes clients don’t receive the product. That causes loss for the eCommerce company. It takes time, effort, and delivery charge to deliver a product to customers address. To avoid those types of unwanted circumstances, you may have to pay a small portion of the total amount such as 10% of the product price or 200-500 taka for order confirmation.
It clarifies that the customer is actually interested in purchasing the product. You can pay the amount in Bkash, Nagad, Rocked, or Upay. It will be beneficial for both the company and its clients. Customers can get the product on time and receive it by paying the remaining amount. The e-commerce company won’t have to face unwanted scenarios like the customer is not receiving the product.
Why You May Have To Make Partial Advance?
You can get updates about our real-time stock from the product description page. The available product quantity is mentioned below the product price. When you place an order, you reduce one available quantity to provide real-time stock updates. If a customer doesn’t receive a product, it will keep the product out of our access for several days. It takes effort, time, and money to deliver a product including packaging costs and submitting the product to the delivery agent.
When you make a small amount in advance it clarifies that you are actually interested in receiving the product. For example, you make an order for a product of 3000 tk. You may have to pay 300 taka in advance. While receiving the product, you have to pay the remaining amount of 3000-300= 2700 tk. If the product is not delivered to you for some reason, you will get your advanced amount back. Your payment is always 100% safe and secured in Sudip Mart.
