The surprise announcement made by PM Modi to fight against corruption via scrapping Indian Rupees 500 and 1000 notes have send a panic wave across businesses, with the e-commerce industry being no exception.
Online shoppers are witnessing the impact on Cash on Delivery Transactions. Here we have list down some of the observations while transacting today –
1. Amazon India
Amazon India is not giving any options for COD by disabling the option on their payment page. Suggesting shoppers to save cash for essential payments need.
2. Snapdeal
Snapdeal stopped collecting rupees 500 & 1000 asking people to keep the other notes ready while receiving the delivery.
3. Flipkart
Flipkart discouraging the COD transactions greater than 2000 rupees on its portal.
4. Shopclues
Looks, Shopclues has disabled the COD option temporarily for making the payment.
5. Jabong
Though, Jabong has allowed COD transactions with a conscious measure. Jabong’s order page throughs the below message:
Other e-commerce portals too either disabling the COD options or making temporarily changes on their payment page to deal with current situation.
Therefore, online shoppers need to be careful while transacting on e-commerce portals & having COD as an option.
Twitter Buzz:
Amazon India has also stopped all CoD orders. This will be big, just as these firms were starting to make inroads to rural India
— Madhav Chanchani (@madhavchanchani) November 9, 2016
Online shopping freaks will go into depression since COD won’t be available on Amazon India Flipkart Zomato foodpanda Swiggy!
— Akash Chadha (@akashchadha23) November 8, 2016
Wondering what would be COD percentage of sale for the next two days of etailers in India. #500 #1000
— Prajyot Mainkar (@prajyotm) November 9, 2016
Flipkart, Amazon India temporarily disable COD options for goods https://t.co/Ntz5pwVo8C
— Zee Business (@ZeeBusiness) November 9, 2016
Seems like @bigbasket_com ‘s solution to the COD problem is to simply not turn up! No sign of my delivery which was supposed to come by 9.30
— Sharell Cook (@AboutIndia) November 9, 2016
Recalibration needed by Ecommerce sector in India that depends on Cash on Delivery COD as largest mode of payment #Demonitisation#cashlesspic.twitter.com/IbGxbi96gu
— Pratap Tee PeeE (@topeszz) November 9, 2016
