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For any eCommerce business, maintaining a steady cash flow can be difficult. Especially in a country like India, where over 45% of the population still prefers COD as the desired payment method. You often find yourself caught up between delayed COD remittance and an improper inventory as there is a gap between the inflow of cash and forecast. This situation often leads to losses because, more often than not, you lack the funds to purchase fresh inventory or you over purchase and cannot sell enough. To avoid these issues and thrive with COD buyers,It has introduced its Early COD feature. Read on to know more about it and how it can benefit your business.
What Is Early Cash On Delivery (Early COD)?\
Early CODis a plan that allows you to receive your COD remittance within 2 days of order delivery.
Typically, with us, you receive your COD remittance once the same has been processed to us by the courier company. This can range from a period of 7-9 days.
But with Early COD activated, you can receive your remittance the next day, after 1 day or after 2 days of order delivery. This means you skip the waiting period of one week and avail the benefits of uninterrupted cash flow by just paying a minimal fee to ust.
How Does Early COD Work?
First, you need to activate Early COD from your panel and select your desired plan. Once you do so, you get enrolled in the next Early COD remittance cycle. Further, when your orders are delivered successfully, you are paid the remittance according to your desired plan.
How To Activate Early COD?
To activate Early COD on your Shiprocket panel, go to :
Billing → COD Remittance
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