Cash on Delivery is a convenient and accessible payment option for your customers and a good choice for you to sell your products in Southeast Asia.
Cash On Delivery (COD) is currently one of the most popular mode of payments among Southeast Asia online stores.
The major reason for its popularity is that the buyers do not have to pay anything before the goods are delivered to them.
This helps in giving some confidence to new buyers as ecommerce is still a growing concept in these countries which is fairly nascent at this stage.
Why COD is Popular in Southeast Asia
1. Lack of Payment Alternatives
Most of Southeast Asia’s population either does not have a Debit or Credit card and the ones that do, do not such it much for online transactions. Cards are basically used to withdraw cash from ATMs but not for making payments online. Therefore COD is one means where a seller can reach out to buyers even if they don’t have means to make an online payment.
2. Product Condition and Satisfaction
There have been so many cases where you order something but you get something else. IN such cases, it just makes the process of online shopping very painful. If you have paid online, you’ll have to initiate refunds which again takes some time. Moreover, people prefer to physically look, feel and touch something that we buy. In such cases, COD comes as a good option for buyers to actually check the product before paying for it.
3. Competition
With so many ecommerce companies coming up, COD is a great way to have an upper hand over competition. Essentially it’s the difference between life and death for many of the small businesses.
4. Scam Scare!
The trust for online shopping and ecommerce has been increasing but many still fear using new ecommerce companies and fear that they’ll be scammed.
Pros for Sellers
1. Great Marketing Stunt– By now sellers also know that people have extreme preference for Cash On Delivery and are now using that as way of making themselves popular within the Southeast Asia market. Statistics reveal that online stores that provide COD have more customers than those that don’t. So, it definitely is a great way to market yourself especially if you are new to this space.
2. Gain Trust – There are more trust for those ecommerce companies that offer the option of Cash On Delivery. Sellers also get the option to impress their customers and gain trust in return. This, in fact, helps them build a good relationship with their customers.
IN a word, Cash on Delivery is a convenient and accessible payment option for your customers and a good choice for you to sell your products in Southeast Asia.
We provide COD service a wide range all over the world especially in Southeast Asia.
What are you waiting for! Now contact us to make your business more convenient and accessible.
