Cash on delivery的意思

"Cash on Delivery" (COD) is a term used in business, particularly in e-commerce and shipping, to indicate a payment method where the payment is made at the time of delivery rather than in advance. In other words, the buyer pays for the goods only when they receive them.

When a customer chooses COD as a payment method, they will typically receive the goods first, and then they will pay the courier or delivery person the amount due. This method allows the customer to inspect the goods and ensure they are satisfactory before making the payment.

COD is commonly used in situations where the buyer is not comfortable paying in advance, especially if they are purchasing from an unfamiliar seller or online store. It is also popular in regions where online payments are not widely used or trusted.

For sellers, COD can be a riskier payment method because they do not receive the payment until after the goods are delivered, and there is always a possibility that the buyer may refuse to pay or return the goods. However, COD can also be beneficial as it can increase sales by providing a payment method that customers trust and are comfortable with.