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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 cash on delivery (COD)?

Cash on delivery is also referred to as “collect on delivery” since delivery may allow for cash, check, or electronic payment. Cash on delivery (COD) is when a recipient pays for a good or service at the time of delivery. A COD transaction can take several forms, each affecting a company’s accounting.

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.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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