16.8   Cash on delivery

Cash on delivery (COD) also called as collection on delivery, describes a mode of payment in which the payment is made only on receipt of goods rather in advance. Originally, the term applies only to cash payment, but since other forms of payment have become more common, the word “cash” has sometimes been replaced by the word “collect” to transactions with checks, credit cards or debit cards. COD is often used as an additional payment option in E-Commerce. It offers the recipient the advantage of paying only when commodity is handed over that is likely similar to traditional system.

If the goods are not paid, they are returned to the retailer. the bank account whenever a transaction is requested. It also provides the “peer to peer” collect request which can be scheduled and paid as per requirement and convenience. UPI is developed on the basis of