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Explain cheque and COD system of payment in online shopping.

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Explain cheque and COD system of payment in online shopping.

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1. Cash on Delivery (COD):

  • Under Cash on Delivery (COD) mode the customer needs to pay for the product in cash after he receives it.

2. Cheque:

  • Under cheque system the seller sends his person at customer’s place to collect the cheque for the order placed.
  • The seller then deposits the cheque in his account. Once the cheque gets clear he sends the product to the buyer.
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