IdeasWatch is temporarily in a  read-only mode  while we migrate the website to the new servers. Sorry for the inconvenience.
You are not signed in. Welcome to do everything anonymously, but to engage with other like-minded Ideators, please sign in:
Startup inspiration from the crowd

I would like to see on the market:

Please wait Lacking inspiration?

3

Popularity
Discussion
Similar projects
Cofounders


Recent activity in this startup idea

Prasanth Gnanapragasam is watching this 2 years ago
Sarawut Laolert is watching this 2 years ago
Mishu Arefin shared this idea 2 years ago

Top ideators on IdeasWatch


Solution for Ecommerce Cash On Delivery Problem

a startup idea shared by Mishu Arefin on 04/16/2018

Cash on Delivery dominates maximum payment for ecommerce in South East Asia. In India it consists of 80% of payment and in Bangladesh it is more than 95%. This is due to lack of trust to ecommerce companies in these region. People here like to pay after they touch and see the product they are buying. But cash on delivery creates several burden for the ecommerce companies: 1. Risky cash handling. 2. Time lag between payment receipt. Delivery companies charge extra fee for giving this service. 3. Leads to fraudulent order and more unnecessary product returns. 4. It can not be offered in remote areas. The product Model: 1. Customers download our app. Link their credit card/ debit card. They gets a unique wallet ID. 2. While checkout they select our Electronic Cash On Delivery method. 3. When the delivery man arrives with the product the delivery ask the customer for wallet ID, inputs the amount and vendor name. 4. Customer receives payment request in his wallet and confirms USP: Customers still pay when they get the product People dont need to provide credit card info in multiple websites Ecommerce get their payments much easily and have direct control on it

Cash on delivery

ecommerce

Ewallet

DiscussionSimilar projects

Add a link to a similar project, latest article or a cool video related to this idea.

Title:

URL:

Type:

Note:

Team Cofounders

Get in touch with people passionate about realizing this idea. Show others how you can contribute (eg. webdesign, funding, media coverage, launch in your country).

My role:

My location:

Cancel

Discussion Discussions

What should be still thought out? Add a topic to start a discussion.

comments powered by Disqus