What is Partial COD?
Partial Cash on Delivery (COD) is a payment method where the buyer pays a portion of the total purchase price at the time of placing the order and the remaining balance pay upon delivery(cash on delivery). Here’s a detailed look at how it works and its implications for both buyers and sellers:
Example of Partial COD
Exmple Scenario
Customer: Ravi K
Product Cost : Rs. 1000
Upfront Payment (20%) : Rs.200 (required to avoid non Serious Buyers)
Balance Payment (80%) : Rs.800 as COD (Cash On Delivery) / Pay at the time of delivery.
How It Works ?
Order Placement:
- The buyer places an order with the seller, agreeing to the total price of the goods or services. During the checkout process, the buyer and seller agree on a partial payment arrangement.
Initial Payment:
- The buyer makes a partial payment upfront. This amount is typically a percentage of the total cost of the product, and it can be paid through various methods, such as Net Banking, Debit/Credit Card,UPI or EMI Option.
Order Fulfillment:
- Once the partial payment is received, the seller processes and prepares the order for delivery. The seller usually confirms the order and provides the Tracking Link & AWB (Tracking Number) with estimated delivery date.
Delivery:
- Upon delivery, the buyer pays the remaining balance in cash (or another agreed-upon payment method) to the delivery person or courier. The delivery person may also verify the payment receipt and hand over the product to the customer.
Advantages
For Buyers:
- Reduced Upfront Cost: Buyers only need to pay a portion of the total amount initially, which can be easier to manage financially.
- Risk Mitigation: Partial COD can reduce the perceived risk of purchasing, as buyers can order with peace of mind as he/she does not have to pay full amount just COD token to confirm the order.
Why do I need to pay this advance?
The partial COD system has been put in place to avoid non-serious and fake buyers which leads to huge loss to the brand in terms of Logistics, Packing Material & Courier Charges. As we are a low profit gadgets store so it becomes dificult for us. Therefore, we have kept the Partial COD payment option to provide the best shopping experience for the serious buyers on our website.
Please note : Partial COD is only available for order value below Rs. 16,000/- please contact us on our customer support number +918800803187
for more details