Everything You Need to Know about COD
(Collect On Delivery)


We have been receiving numerous emails from customers inquiring about COD form of payment. Here is a quick guide detailing COD orders, as well as the benefits and drawbacks for both the dealer and the buyer.
 

What is Collect On Delivery (C.O.D.)? - Replica Center

COD is a form of payment where you pay when you receive the package. It allows dealers to ship to buyers without extending credit nor requiring pre-payment. You pay only when you receive your package!  


Benefits for the Dealer - ReplicaCenter

Earning the Customer's Trust
The main benefit for the dealer is that customers can place more trust in the dealer knowing that the dealer can't take the money and run, or have to wait anxiously for something to arrive. All dealers purchase their watches from suppliers after they receive an order (contrary to popular beliefs, NO ONE stocks these watches, especially Swiss replicas), so there can be up to 2-3 weeks of delay before receiving a watch even paying by credit card.

Private Sellers Can Scam More Easily
Another unique benefit for fraudulent sellers (usually those who sell to you through private/classified ads) is they ship a poor product, or even no product at all, because you are not allowed to open the package until you have paid. The private seller then disappears without a trace after scamming 10-20 customers.

Reduce Credit Card Scams
There is a high rate of credit card fraud on replica watches. As a matter of fact, the jewelry industry is considered the riskiest of all retailing on the Internet. By accepting other methods of payment, dealers can reduce their risk of credit card fraud. Much fewer customers would conduct COD fraud because it is traceable back to the customer, as well as fraudulent checks are always vigorously enforced by the issuing banks. When it comes to credit card fraud, however, most banks don't care.


Drawbacks for the Dealer - www.replicacenter.com

Dealers stand to lose a lot of money through fraudulent checks and people who refuse the package (since the dealer has to pay for shipping first). Also, the dealer needs to pre-pay for the product and therefore could stand to lose money.

Although most fraudulent COD orders can be dealt with by contacting the local law enforcement agencies of the defrauding customer, it is still a big headache for dealers. Dealers most likely won't see their money back for a while, but at least they can get some retribution by having law enforcement officers investigate the defrauding customers and possibly bring along legal action.


Benefits for the Buyer - ReplicaCenter.com

You Don't Pay Until You've Received Your Package!
You no longer have to wait days, or even weeks (with most dealers) for your product. You don't have to worry about sending in money and crossing fingers hoping that you will receive something, because that money order won't leave your hands until the product has arrived at your front doorstep.

Get Your Product Faster
Dealers have extra motivation to ship out your product earlier so they can get paid. With pre-paid orders (such as credit card or money orders), all dealers will take their time because they have already been paid.

Protect Your Valuable Credit Card Info
Perhaps the biggest benefit for buyers is that they can protect their valuable credit card information. Although credit card companies offer 'no-fraud' policies, they are usually referring to unauthorized charges. If a dealer charges your card with your consent, that is not an unauthorized charge. Disputing charges like these can be a massive pain, and can take up to 3 months before you can get your money back. Also, it leaves a permanent mark on your credit card history that you have disputed a charge before, and may make it more difficult for you to dispute future legitimately fraudulent charges.

Know Your Dealer
When writing a money order, cashier's check, or personal check, UPS will have a delivery address and if you are indeed scammed and did not receive a product, it can be traced back to the dealer. You can give your credit card information to someone you don't even know (assuming they don't charge your card and just steal your information), but with any checks or money orders, you can remotely trace it back to the receiver.  


Drawbacks for the Buyers  - http://replicacenter.com

Because buyers cannot open and inspect the package before giving a check to the delivery company, they stand to receive a very poor product. This often happens with private sellers, but rarely happens with large companies who have legitimate websites and are offering credit cards as a form of payment. Private sellers can appear and disappear much more easily, and are much harder to trace (especially without phone numbers and using anonymous email addresses).


In Conclusion - http://www.replicacenter.com

There you have it – everything you've always wanted to know about COD orders. The benefits and drawbacks for both parties, as well as the fundamental workings of COD.

In general, I do suggest COD orders over credit card simply because I never want to give out my credit card information. I'm sure there are other staff members who disagree with me – I respect their opinion.

However, I can't stand the headache or stress of knowing someone has my credit card information and can make fraudulent charges on my card. Although disputing charges is possible, it really is not as easy as most people would expect.

In addition, my credit card company (VISA) has once told me never to hand out my CVS numbers (the last 3 digits on the back of the card) unless absolutely necessary. They informed me that it is used for merchants with terminals to validate the credit card, and if a hacker got a hold of the card, it can be very damaging to the customer. So I would definitely avoid giving out the CVS numbers even though most Internet merchants require it for manual authorization. Only give it out to large, credible, reliable companies with bullet-proof security (such as Amazon.com).

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