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Jun 13, 2024 · Cash on delivery (COD) is when a recipient pays for a good or service at the time of delivery. A COD transaction can take several forms, each affecting a company’s accounting. COD shipping...
Cash on delivery ( COD ), sometimes called payment on delivery, [1] cash on demand, payment on demand or collect on delivery [2] is the sale of goods by mail order where payment is made on delivery rather than in advance. If the goods are not paid for, they are returned to the retailer. [3]
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C.O.D. essentially means that customers pay for goods or services at the moment they receive them, typically during the delivery process. Cash on Delivery is a straightforward and convenient way of conducting transactions, particularly in situations where immediate payment is essential.
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C.O.D. stands for "cash on delivery." It's a type of shipment where the recipient pays for the goods when they receive them, instead of upfront. This can be beneficial for both parties - the seller doesn't have to worry about getting paid, and the buyer can see the goods before they commit to paying for them.
