Definitions for collect on delivery
col·lec·t on de·liv·e·ry

WikipediaRate this definition:0.0 / 0 votes

1. collect on delivery

   Cash on delivery (COD), sometimes called collect on delivery or cash on demand, is the sale of goods by mail order where payment is made on delivery rather than in advance. If the goods are not paid for, they are returned to the retailer. Originally, the term applied only to payment by cash but as other forms of payment have become more common, the word "cash" has sometimes been replaced with the word "collect" to include transactions by checks, money orders, credit cards or debit cards.

WikidataRate this definition:0.0 / 0 votes

1. Collect on delivery

   Collect on delivery is a financial transaction where the payment of products and/or services received is done at the time of actual delivery rather than paid-for in advance. The term is mainly applied to consumer products purchased from a third party, where payment is made to or collected by the deliverer from the recipient rather than the sender, in the way that a collect call is also charged to the recipient instead of the caller. The delivery company in turn remits the charge for the item itself to the company which shipped it, keeping only the portion which it charged for the shipping service. This type of transaction is better known as cash on delivery. However, as other forms of payment became more common, the word "cash" was replaced with the word "collect" to incorporate transactions with checks, credit cards or debit cards. Even with this, COD has become much less common now, and most companies will not ship this way. Originally, COD delivery was made when a company owns its own transportation means. That way the delivery person can collect on site. However, because USPS, UPS, FedEx, OnTrac, and other commercial shipping companies are often cheaper, most companies use COD to mean that the bill for the product is delivered with the product, and payment is expected immediately. Because of the commonality of credit cards and instant payment methods through the Internet, COD purchasing has become obsolete in most cases in the United States. However, it remains a standard method of payment for ordering products and services produced quickly and near the point of delivery; this is particularly common with the ordering of food, and it is the standard model for pizza delivery services, though some pizza restaurants require a credit card number before they will send a delivery, due to fraud and prank callers. But it helps to establish the credibility of online retailer as the consumer pays only after taking delivery of ordered item. COD remains in general use in other countries, for example, Japan.

How to pronounce collect on delivery?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say collect on delivery in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of collect on delivery in Chaldean Numerology is: 4

2. Pythagorean Numerology

   The numerical value of collect on delivery in Pythagorean Numerology is: 1

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Collect_on_Delivery
2. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=collect on delivery