payment cod meaning

payment cod meaning stands for “Cash on Delivery,” a payment method where the customer pays for goods at the time of delivery rather than before shipment. This method is commonly used in e-commerce, particularly in regions where credit card penetration is low, or customers prefer to pay in cash. COD allows buyers to inspect their products before making payment, providing a sense of security. However, it also requires the seller to handle cash collection and may involve additional shipping charges. COD is often used for local deliveries and can be a popular choice in online marketplaces like Amazon, eBay, and various regional stores.