What is COD logistics? What is the COD shipping process? What does the COD logistics fee include?
COD logistics refers to the cash-on-delivery logistics model. Typically, companies that specialize in COD logistics will choose to create COD product pages for cross-border e-commerce or independent websites using the COD model.
COD logistics companies typically offer services including: e-commerce parcels, drop shipping, overseas warehousing, cash on delivery, customer service order processing, and customer complaint handling.
COD logistics shipping process:
1. Receiving and shelving goods
2. Pick and pack according to orders.
3. Pack and ship the goods out of the warehouse and arrange flights to overseas destinations.
4. After customs clearance, the package will be delivered to its destination.
5. Sign for payment
COD logistics costs generally include: listing fee, first-leg shipping fee, last-leg shipping fee, cash on delivery fee, refusal and return fee, and forwarding fee.
COD Express Service Contents:
1. Cash on Delivery (COD) is a business that integrates information flow, physical logistics, and capital flow. In the internet environment, real-time information sharing and exchange are the foundation of COD's cash-on-delivery (COD) fund management. COD means the seller delivers the goods only after the recipient pays cash. Internationally, the courier company, logistics company, or postal service typically collects the payment; domestically, logistics companies also usually collect the payment.
2. COD express companies should generally choose to cooperate with third-party payment platforms that are mature, have strong technical capabilities, and have logistics industry, especially COD express business solutions, while also supporting multiple payment methods.
3. COD express delivery involves huge amounts of cash flow. COD express companies must first establish feasible fund management systems and processes to address the standardization of fund management for COD express delivery collection and payment. This is also the foundation for building a fund management model for COD express delivery collection and payment.
4. In COD express delivery business, multiple systems are involved, including the information system of e-commerce companies, COD express delivery business management system, fund management system, third-party settlement system, and banking system. These systems are all involved in information sharing and exchange. The separation of any system will lead to the inability to form a closed loop in fund management. This is a technical principle that must be adhered to when building a COD express delivery business collection and payment fund management model.
5. Cash on Delivery (COD) courier service's collection and payment settlement refers to the settlement of funds between COD courier companies and e-commerce platforms. Based on the characteristics of COD courier services, the settlement between COD courier companies and e-commerce platforms is divided into order acceptance settlement and delivery settlement. Essentially, the difference between the two settlement methods is that order acceptance settlement involves settlement before collection, while delivery settlement involves collection before settlement.
Date: October 24, 2021