What are cod payment terms?

A customer's COD payment terms will typically be outlined in their purchase agreement with their supplier. When a COD customer places an order (online or through other means), they will select cash on delivery as their payment method.

What is the difference between cash on delivery & COD?

This means buyers are expected to make payments within 30, 60, or 90 days respectively. In contrast, cash on delivery customers must pay at the time of delivery, or their order cannot be released to them. Delivery timeframes for COD customers tend to be shorter than those for customers paying on credit.

What is the difference between a cod and a standard invoice?

In a COD transaction, the payment term is cash on delivery, and the total payment is due at delivery. So, with COD, you get paid faster than with standard Net 30 invoices. The primary distinction between COD and standard invoicing is this shorter time frame to delivery, which leads to more immediate payment and improved cash flow.