Holicent
VIP Contributor
Cash on delivery
Cash on delivery is a popular payment method for many businesses. It's simple, easy and convenient for the customer, but it does have some disadvantages. It is expensive. The goods may be held at the trader's premises until you pay them, and this can add to your costs.
Online payment
If you use an online payment system such as PayPal or Stripe, then you'll usually be able to get paid quickly and easily. You'll also be able to choose how much you pay your supplier and when they should receive their money. This will usually mean that they get paid quickly and don't have to wait around for a cheque or bank transfer.
Online payments also allow companies to collect information about their customers' shopping histories with them, which helps them tailor their services accordingly. For example, if someone regularly buys items from your website then you will probably want to send them special offers or discounts on future purchases - this is something that cannot be done with cash payments or cheques because they do not provide any information on previous purchases by the customer.
Cash on delivery is a popular payment method for many businesses. It's simple, easy and convenient for the customer, but it does have some disadvantages. It is expensive. The goods may be held at the trader's premises until you pay them, and this can add to your costs.
Online payment
If you use an online payment system such as PayPal or Stripe, then you'll usually be able to get paid quickly and easily. You'll also be able to choose how much you pay your supplier and when they should receive their money. This will usually mean that they get paid quickly and don't have to wait around for a cheque or bank transfer.
Online payments also allow companies to collect information about their customers' shopping histories with them, which helps them tailor their services accordingly. For example, if someone regularly buys items from your website then you will probably want to send them special offers or discounts on future purchases - this is something that cannot be done with cash payments or cheques because they do not provide any information on previous purchases by the customer.