Adding yet another logistic advantage, Pickrr, a leading SaaS-based logistics start-up, has launched an Early COD service for its sellers to make their business experience easier through faster money transfers to their bank. With the Early COD option, the company aims to support its sellers and help them get money in their accounts within a day of the package delivery.
As e-commerce penetration increases with more than 90% of people opting for COD, especially in smaller towns, the share of COD payments has been rising. For Pickrr, almost 70% of the total business is COD driven, and 30% is for the rest of the payment mode. The option of early COD will benefit the small D2C sellers as they will be able to have an uninterrupted cash flow. This will not only help sellers to plan better but also increase their scope of further investment.
The brand has three options for COD remittance depending on the sellers’ requirements. The users can choose a plan which suits best to improvise the cash cycle as per their business needs. Sellers who prefer to get the remittance within 24hrs select the Early COD remittance option, which gets applied to the account. A number of sellers have already started taking advantage of early COD with Pickrr.
Talking about this, Gaurav Mangla, Co-Founder & CEO at Pickrr, said, “Pickrr has been working on various aspects to provide convenience to its sellers, early COD being one of them. It is the payment option preferred by over 70% of the end consumers. The feature of Early COD remittance for our sellers will empower them especially, small business owners who are dependent on constant cash flow. This initiative will help us support our business partner and help them flourish their brand and maintain RTO.”
Early COD remittance is one of Pickrr’s value-added services, including Pickrr Select, Pickrr Connect, RTO reduction suite, etc. Pickrr is fully committed to empowering its sellers and supporting them in their growth journey. The brand has a strong seller base of more than 75K and is growing continuously.