Cash-on-delivery | Pixr8 News

Online home and lifestyle store Pepperfry has reportedly launched a fresh feature on its platform that is from now on, the consumers in Mumbai and Delhi NCR will be able to avail the cash on delivery (COD) services ahead of the upcoming festive season. Furniture delivery is a big space and thus, it is generally not based on COD, but now the company will offer COD payments of up to Rs 50,000 on high-ticket purchases at no additional cost as an introductory offer. With this move, the Mumbai-based company is looking to make high-value furniture transactions accessible to consumers in line with a target to reach up to 20 million homes by 2020. “The introduction of the COD option with an upper limit of up to Rs 50,000 offers more flexibility to our customers when purchasing furniture onl...

The most convenient payment option Cash-on-delivery (Cod) provided by several online retailers such as Flipkart and Amazon may be a regulatory grey area as per the Reserve Bank of India's (RBI's) response to a Right to Information (RTI) query. The RBI has said that e-commerce platforms are "not authorised" to collect money from customers on behalf of third-party vendors in cash-on-delivery (CoD) deals. RBI made the statement in a reply to an RTI query. “Aggregators/payment intermediaries like Amazon and Flipkart are not authorised under Section 8 of the PSS (Payments and Settlements Systems) Act, 2007,” mentioned the apex bank in response to the report. The statement by the RBI could be a critical blow to the e-commerce industry in the country. According to the reports over half of th...

Tag: Cash-on-delivery

Pepperfry Introduces Cash-On-Delivery Services Up To Rs 50,000

RBI Says Cash-On-Delivery Deals Not Allowed