C.O.D means ‘cash on delivery’, and it is the collected charges or the amount of cash upon delivery. The abbreviation can also mean ‘collect on delivery and can be interpreted as (COD, C.O.D).
C.O.D means that the payment is due on the date of delivery to the recipient. This can be further interpreted as being a transaction in which the payment for the goods and services is received upon the delivery of the said goods and services. This is opposite to goods and services that are paid for well in advance, but the concept of cash C.O.D has of late become unclear, due to the fact that most companies are using debit and credit cards.
The abbreviation C.O.D is mainly used in the sense of products that have been bought from a third party person. This is because most customs require that no payment will be made until such a time when the services and goods promised are rendered.
This kind of transaction usually takes place through a shipping company which acts as an agent, and the whole purpose of this is to reduce the risk of fraud between the seller and the buyer, as well as a default in payment. C.O.D allows the buyer to make a payment at the time of delivery, but through a shipping company who will relay that payment to the seller.
Because of the use of credit and debit cards, checks and wire transfers, the use of C.O.Ds has become less common, although is still remains the standard method for paying for products and services that are produced quickly. These services may include pizza delivery, although some restaurants may ask for your credit card number due to an increase in prank calls.
C.O.D means that the payment is due on the date of delivery to the recipient. This can be further interpreted as being a transaction in which the payment for the goods and services is received upon the delivery of the said goods and services. This is opposite to goods and services that are paid for well in advance, but the concept of cash C.O.D has of late become unclear, due to the fact that most companies are using debit and credit cards.
The abbreviation C.O.D is mainly used in the sense of products that have been bought from a third party person. This is because most customs require that no payment will be made until such a time when the services and goods promised are rendered.
This kind of transaction usually takes place through a shipping company which acts as an agent, and the whole purpose of this is to reduce the risk of fraud between the seller and the buyer, as well as a default in payment. C.O.D allows the buyer to make a payment at the time of delivery, but through a shipping company who will relay that payment to the seller.
Because of the use of credit and debit cards, checks and wire transfers, the use of C.O.Ds has become less common, although is still remains the standard method for paying for products and services that are produced quickly. These services may include pizza delivery, although some restaurants may ask for your credit card number due to an increase in prank calls.
