Definition of collect on delivery. : to be paid for in cash at the time of delivery to the buyer —abbreviation COD.
What is collect on delivery (COD)?
Collect On Delivery or C.O.D. minimizes risk for the shipper when it comes to collecting payment for goods. Payments are collected by the truck driver. Packages are delivered only when payment has been collected. Company A would like to collect payments for their goods but minimize the processing cost of physical checks and monthly bank fees.
What is USPS collect on delivery?
USPS Collect on Delivery is a service that allows the recipient of a package to pay for the item at the time of delivery. Also known as COD or Cash on Delivery, it provides a way for buyers and sellers to complete a transaction without exchanging payment in advance, similar to paying for something in-person at a store.
