Kapanlagi.com - Online shopping has become a common thing to do nowadays. It's not without reason why online shopping is so popular. Because online shopping does provide various conveniences and advantages. One of them is the cash on delivery payment system. But what is the actual meaning of cash delivery?
Cash on delivery is also commonly referred to as COD. For people who are used to shopping online, cash on delivery or COD is certainly not unfamiliar. But it's certainly different for some people who have never done it before. Cash on delivery is a foreign term that needs to be understood its meaning. So that if someday you make an online shopping transaction, you can apply the COD system correctly.
Now for those of you who don't understand what the cash on delivery system is, don't worry. Here's a review of the meaning of cash on delivery or COD in online shopping.
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Meaning of Cash on Delivery or COD (credit: unsplash)
Cash on delivery is a term that originated from English. In general, the meaning of cash on delivery is a transaction in online shopping where the payment is made on the spot. Unlike most online shopping transactions that require buyers to make payment transactions before the goods are shipped. Payment is only made when the goods are in hand.
Cash on delivery transactions generally proceed according to agreement. Therefore, this transaction does not make either the seller or the buyer feel disadvantaged. In addition, cash on delivery indirectly helps minimize the risk of fraud between buyers and sellers.
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Cash on Delivery Rules (credit: unsplash)
The cash on delivery payment system has been implemented for quite some time in various e-commerce. However, there are still people who do not fully understand the meaning of cash on delivery. This can be seen from several cases, where many people misunderstand the cash on delivery system and do not follow the rules.
According to the rules, when buying goods with the cash on delivery payment system, the buyer still has to pay in advance after the goods are delivered by the courier. Only after that, the buyer has the right to open and check the condition of the goods. Furthermore, if there are complaints or cancellations, the buyer must follow the procedures set by each e-commerce. This way, no party is disadvantaged.
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Advantages of COD System (credit: unsplash)
As one of the payment service systems, the meaning of cash on delivery also offers many advantages. As mentioned earlier, the benefits of implementing cash on delivery apply not only to buyers but also to sellers. Here are some advantages of the cash on delivery system.
1) Consumers can meet directly with the seller, without going through a courier. Therefore, consumers can directly check the goods first. Consumers can check whether the goods to be purchased are appropriate or not.
2) Consumers can complain directly or cancel the transaction if the goods sold are not appropriate.
3) Provides a sense of security for buyers.
4) Reduces the risk of avoiding fraud (e.g., already paid but the goods are not delivered).
5) More cost-effective because it does not incur shipping or delivery fees.
6) For business owners, this payment method will increase buyer's trust.
7) The COD system can attract more buyers by offering convenience to buyers.
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Disadvantages of COD System (credit: unsplash)
Unfortunately, the implementation of the cash on delivery system not only brings advantages or benefits. On the other hand, this payment system also has disadvantages because it can be very risky. Therefore, before implementing it, it is important to understand the meaning of cash on delivery and its potential risks. Here are some disadvantages of the COD system.
1) The coverage area is usually very limited.
2) In addition to the coverage area, the types of goods sold using the cash on delivery system are sometimes limited as well. This is because not all goods sold use the cash on delivery service, depending on their type and condition.
3) The seller must be prepared for the possibility of complaints or even cancellations from the buyer.
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Other Terms in Online Shopping (credit: unsplash)
In addition to the meaning of cash on delivery, there are still several terms in online shopping that prospective consumers or buyers need to know. What are they? Here are some important terms in online buying and selling transactions.
1) Pre order (PO): a term for goods sold through a pre-order process.
2) Ready Stock: a term used to indicate the availability of the goods in stock.
3) Testi or testimonial: a term used to indicate buyer satisfaction responses.
4) DP: abbreviation for down payment or initial payment, the amount is according to the agreement.
5) Nett: a term used by sellers to explain to buyers that the price of the goods cannot be negotiated anymore.
6) Ongkir: a term used to refer to shipping costs or delivery service fees.
7) Cashback: a promotion in the form of a refund of a certain amount of money or payment funds.
Those are some explanations of the meaning of cash on delivery and several other terms related to online shopping. Hopefully, it is useful and can increase knowledge.
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