what is a c.o.d. payment

C.O.D. payment is an acronym for “Cash on Delivery,” a payment method where the buyer pays for goods at the time of delivery rather than in advance. This payment option is commonly used in e-commerce and traditional retail for customers who prefer to pay upon receiving the product. While the seller may require a deposit or confirmation, the full payment is typically made when the product is delivered to the customer’s doorstep. This method provides security for both the buyer and seller, as the transaction is completed once the item is physically in the hands of the customer. However, it can be less efficient for sellers, as it requires coordination with delivery services and the risk of non-payment if the customer refuses delivery.