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Table of content:
Types of payment |
Prepaid orders |
COD |
Reduce price for each product item |
Offer discount code if opt for the prepaid option |
There will be two types of payment for every purchase :
Prepaid orders
Prepaid is a type of transaction in which the recipient makes payment for the goods during the time of purchase through the internet upon check-out.
Prepaid payment will normally reflect as Credit Card/Debit Card, Netbanking, UPI and Digital Wallet.
COD
COD (Cash on Delivery) is a type of transaction in which the recipient makes payment for good at the time of delivery instead of having to pay before receiving the goods (online payment).
This type of transaction usually takes place and allows both the seller and the buyer of the product to minimize the risk of fraud or default.
The purchaser remits payment to the shipping company, which then relays the payment back to the Merchant.
"We strongly believe convenience is the biggest factor to drive adoption for any new form of technology... Currently, less than one percent of all orders on Paytm Mall are cash-based" quoted by Paytm COO Kiran Vasireddy in 2017
Many eCommerce companies want to decrease COD return by offering discounts to the customers on prepaid order.
We have implemented such solution in Shopify Gold or Plus stores where the customer can get the extra discount if they opt for Prepaid options.
We worked on 2 solutions for this.
Reduce price for each product item and use Shopify Scripts.
Offer discount code if opt for the prepaid option
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Yaani PatelJuly 22, 2022
Aashish Kasma & Vedika PandeySep 14, 2022
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