A Paradigm Shift
How many times it happened that you were in the middle of an important meeting or travelling in the metro during the rush hour, keen to reach your destination, when you received a call from a delivery guy, seeking direction to deliver your package? You helped the guy and told him the easiest way to reach your place, but only to realize that you were not carrying enough cash to pay against the Cash on Delivery (COD). You, then, may have called the person and told him to come back next day so that you get time to withdraw cash from an ATM.
The instance above is a common and persistent issue that online shoppers face often. If you opt for COD, there has to be someone at your delivery address to receive the package with ready cash. Well, this is now time to move over to a more convenient payment like CSOD (Card Swipe On Delivery) at automated parcel terminals. Read on to learn more about CSOD, and how it works well with self-serviced lockers.
Automated Parcel Terminals and CSOD (Card Swipe On Delivery) – The Perfect Combo
In the virtual shopping landscape, cash on delivery still accounts for more than 50 percent of transactions. Considering the fact the e-commerce market is set to reach $100 billion mark by 2020, COD can pose a major challenge in terms of profitability. This is why Smartbox is addressing this critical issue and helping e-commerce companies reduce costs while offering more convenience to online shoppers by introducing automated parcel terminals with CSOD (Card Swipe On Delivery) facility.
CSOD is an integral part of the e-tailing market, which is growing at a fast pace in India and has the potential to reach out to a larger consumer base in the near future. This mode of transaction provides great convenience to e-shoppers by reducing the burden of handling cash. With the help of CSOD, consumers can do online shopping without having to opt for COD, rather paying for their items through card swiping in a secured environment. This, in turn, is likely to boost the e-commerce market because of minimal logistics cost and zero missed deliveries.
Now, the question is how it works? Well, it works in a simple and hassle-free way. Smartbox, for instance, has placed as many as 12 automated parcel delivery terminals at major stations in the Delhi/NCR region such as Rajiv Chowk, Kashmere Gate, Nehru Place Metro Parking, Vaishali Metro Station and others. Online shoppers can choose any of these terminals and collect their package by swiping any major credit or debit card to make an instant payment. The integrated network of Smartbox is expected to expand to more than 1,000 locations across eight major cities in India by the end of 2016.
The emergence of automated parcel delivery along with CSOD (Card Swipe On Delivery) facility has the potential to revolutionize the delivery vertical by providing busy online shoppers great flexibility. Regardless of whether you are unavailable at home or busy at office, there would be no delayed delivery, re-attempts, or unwanted communication from courier companies. Now, you can choose an automated parcel terminal close your office or home as a delivery option when checking out during e-shopping. When the parcel gets delivered, you will receive a one-time password or OTP that you can use at a terminal to collect your parcel at your convenient time. At the self-serviced terminal itself, you can pay instantly for the package through CSOD (Card Swipe On Delivery). That’s what we call “simplified shopping”!