Ever since PM Narendra Modi made an announcement of banning Rs 500 and Rs 1000 rupee notes to reduce black money corruption, the whole country went into a shock for a moment. There was a lot of buzzes was doing around inspite of the ban. Many people are in confusion, and the government has come across with solution by the exchange process of Rs. 500 and Rs. 1000 notes.
Besides all this, the e-commerce sites have recently announced that they are stopping the option of Cash on Delivery (CoD) and limit it to orders at a particular value.
By stopping the CoD altogether, they may lead to inconvenient for the online shoppers in India. Many people prefer Cash on Delivery rather than online payment or net banking because it is more convenient, faster and for not having prepaid access.
Form for the Exchange of Rs. 500 and 1000 Notes in Banks : Detail Process Explained
Rather than these, for many, it is a sense of security so that they can pay the amount after verifying the product they ordered. To come across this problem, Snapdeal has launched a new payment option, i.e., Wallet on Delivery (WoD).
It allows the users to pay the amount for the delivery by using their Snapdeal-owned FreeCharge wallet. Through this Wallet on Delivery (WoD) option, customers can make their payment through their wallet at the time of delivering their package. This also help customers right now as the people will not have to struggle for the new currency notes.
“The launch of Wallet on Delivery is an absolute need of the hour for consumers,” says Kunal Bahl, founder and CEO, Snapdeal. “The launch of this new feature by FreeCharge shortly after the announcement of the demonetization of Rs.500 and Rs.1000 currency notes demonstrates our speed of execution in ensuring consumers’ needs is met in real time.”
Ban of Rs. 500 and 1000 effect: Amazon Stops COD option, Flipkart and Snapdeal Orders Restricted to Rs 2000
Soon after the announcement made by Snapdeal, its rival Paytm also introduced the new payment method, i.e., Paytm on Delivery (PoD). Other e-commerce giants, Amazon also disabled the Cash on Delivery (CoD) while Flipkart has restricted the orders upto Rs. 2000.