With more than
70% of online shoppers choosing to pay for orders after delivery,
cash on delivery is a necessary evil for eCommerce businesses. While offering this payment mode helps remove the barriers during checkout and increase sales, it puts online brands at a much higher risk of issues like return-to-origins (RTOs) where consumers can simply decline the order at the time of delivery or cancel it while in transit. A simple cancellation of a cash on delivery (COD) order results in the business incurring additional costs of forward and reverse logistics, order processing, packaging and repackaging, quality checks and an increased risk of product damage. The
disadvantages of cash on delivery to businesses are plenty.
The answer to a win-win here is Partial COD by
GoKwik.