Collection of goods is a commercial payment method, which refers to that in commercial transactions, the buyer pays the goods to the payee, and then transfers the goods to the seller after receiving the goods, which is generally used in transactions involving logistics and transportation, such as express delivery, logistics and other fields.

The role of collection is to ensure the security and reliability of commercial transactions in the traditional transaction mode, there is often a certain trust problem between the buyer and the seller, if the buyer fails to pay in accordance with the agreement. What does collection mean? Collection is a commercial payment method, which means that in a commercial transaction, the buyer pays the payment to the payee, and the payee receives the payment and then transfers the payment to the seller.

The emergence of the collection business has broken the one-to-one face-to-face transaction mode between buyers and sellers, which solves the inconvenient and untimely problems of commodity distribution and fund settlement in TV shopping and online transactions for merchants, and also avoids the credit risk caused by non-face-to-face transactions between buyers and sellers.

In the field of logistics, it usually refers to: under the time limit and commission rate agreed on in the contract, the third party logistics provider (3PL) carries and distributes the goods for the shipper, and at the same time, collects the money to the recipient and transfers it to the shipper.

The collection business solves the inconvenient and untimely problems of commodity distribution and fund settlement in TV shopping and online shopping transactions for merchants, and avoids the credit risks caused by non-face-to-face transactions for buyers and sellers. The modern collection business integrates logistics, capital flow and information flow, allowing more merchants to enjoy the efficient, safe and nationwide EMS logistics system (generally adopted EMS logistics system) and enjoy the capital efficiency benefits brought by the fastest return of funds.

1997-2002

The birth of the collection business, from a news. The news content is roughly: the teacher of children in poor mountainous areas, saw an advertisement in the pictorial newspaper, can mail order the after-school exercise book for the students. So the teacher and students pooled money and transferred it to the account designated by the company, and time passed day by day, they did not receive the dream exercise book. Later, after a very difficult search, they found that it was a fraud company.

This news aroused the social responsibility of the top management of the post EMS, after the mail order became a common means of consumers, trust became a new crisis, but also let the criminals to exploit the hole. Hand over the money, hand delivery, should be the best way to solve the crisis of consumer and business trust. On January 1, 1997, with the approval of the State Post Bureau at that time, Postal express EMS established the collection business (COD business) and became the exclusive operator of the collection business.