1. Disabling Cash on Delivery (COD) Option
The first feature GoKwik offers as a part of its RTO Protection Suite is the ability to disable COD as a payment method.
By eliminating this option, merchants can significantly reduce return to origin rates. COD orders often carry a higher risk of returns, as shoppers may change their minds or be unavailable during delivery.
By encouraging alternative payment methods, such as online transactions or prepaid options, merchants can enhance order fulfilment accuracy and minimise the chances of returns.
2. Pin Code-Based COD Disabling
GoKwik further customises payment methods by allowing merchants to disable COD for specific pin codes with high return to origin percentages.
By analysing historical data and identifying areas where return to origin rates are particularly high, GoKwik enables merchants to address potential risks associated with COD orders proactively.
This feature ensures that merchants can make informed decisions and optimise their operations for maximum efficiency and reduced returns.
3. COD Prompt for Medium-Risk Users
To prevent shoppers from inadvertently placing orders or making mistakes during the purchase process, GoKwik offers the COD Prompt feature.
This feature prompts risk users to confirm their intent to place an order, thereby reducing the chances of unintentional orders and subsequent returns.
By introducing an additional layer of verification, D2C brands can ensure that shoppers are committed to their purchase, minimising the likelihood of returns due to buyer’s remorse or accidental orders.
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4. COD Captcha for Medium-Risk Users
To test the real intent of shoppers placing COD orders and prevent unintentional or fraudulent purchases, GoKwik introduces the COD Captcha feature.
This feature presents shoppers with a verification challenge before confirming their COD order, ensuring it is genuine and intentional.
By adding this extra step, merchants can identify and prevent potentially problematic orders, reducing return to origin rates and improving overall order deliverability percentage.
5. COD Fee Based On Risk Flags
Another effective feature offered by GoKwik in its RTO Protection Suite, is the ability to add a Risk Flag based COD Fee.
By analysing shopper data and order patterns, GoKwik assigns risk flags to individual orders. These indicate the likelihood of a return. For instance, a red risk flag represents a shopper with least buying intent. Similarly a green flag indicates a shopper with high buying intent.
Owing to such risk flagging, merchants can accordingly apply a COD fee. This can incentivise shoppers to opt for alternative payment methods or discourage casual or non-committal buyers.
This feature helps reduce
return to origin rates and improves the probability of COD transactions by aligning product costs with business risks.