Cash on Delivery
Cash on delivery, also known as cash on demand, is just what it sounds like – cash is sent by the buyer upon the delivery of goods or services by the seller.
For the seller, cash on delivery is considered a riskier means of transferring goods or services than prepayment, but it’s quicker than many standard invoicing terms that can result in payment coming in 30 – 60 days after the sale of a product.
