Cash on delivery

Canada Post, for instance, applies a limit of C$1,000 for cash, but C$5,000 for payment by check or money order.

Managing COD orders involves a straightforward and reliable process to ensure seamless transactions between online retailers and customers.

By recording revenue upon successful collection of payment, cash accounting facilitates efficient management of COD orders, benefiting both the business and its stakeholders.

[6] In some countries COD remains a popular option with internet-based retailers, since it is far easier to set up for small businesses and does not require the purchaser to have a credit card.

Sixty percent of online transactions in the UAE and Middle East are done by cash on delivery[8] and this has also led to the growth of courier companies offering a COD service.