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What is COD – Cash on Delivery?

What is COD – Cash on Delivery?
What do you mean by COD? Cash on delivery (COD) is a type of transaction where the recipient pays for a good at the time of delivery rather than using credit....

What do you mean by COD?

Cash on delivery (COD) is a type of transaction where the recipient pays for a good at the time of delivery rather than using credit. The terms and accepted forms of payment vary according to the payment provisions of the purchase agreement.

COD is used by senders who want to collect payment for merchandise and/or postage and fees when the item is delivered to the receiver. Sender pays postage plus fees at time of mailing. The mailer guarantees to pay any return postage, unless otherwise specified on the mail. Amount collected may not exceed $1,000.

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