Shiprocket launches ‘Early COD’ feature for Small Businesses in India

Shiprocket has now launched its ‘Early COD’ feature in India. It will enable all Shiprocket sellers to receive COD remittance on a daily basis as compared to the industry norm of 10-15 days from the date of delivery.

Even as more customers continue to shift towards the digital domain, the spending habits of day-to-day consumers – especially the ones dwelling in tier II and tier III cities – have somehow remained the same. A RedSeer report indicates that COD payments are expected to be stagnant at 50% till at least 2020. COD remittance, however, is a labyrinthine process that includes cash collection, receipt collation, reconciliation of accounts, etc. with all processes adding their own technicalities and delays to the