TCS cash on delivery account is popular in Pakistan. As the popularity of shopping online grows in Pakistan, so does the need for TCS Cash on delivery accounts. TCS Cash on the Delivery Account involves a triad of participants. First, the sender, the second receiver, and a third party collect the items from the Seller and delivers them to the consumer. They then collect payment from the Buyer and deposit it into the sender’s account.
Here, we (the vendors) wish to sell our goods online and ship them out to buyers. Another person who receives and pays for our goods is our online customer. TCS is the third party that will pick up our goods, transport them to the end user, receive payment from the consumer, and deposit the funds into our designated account seven days later.
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Toggle Table of ContentWhy do we need TCS cash on the delivery account
In Pakistan, online commerce had expanded significantly before the corona outbreak, but a sudden upsurge has been attributed to lockdowns. In addition, residents of Pakistan are increasingly used to and at ease with buying goods online. For three major reasons, we need a TCS cash-on-delivery account.
First, if you’re not already collaborating with a major e-commerce platform like Daraz, Alibaba, or Amazon, you should consider doing so. The first step is to find out how to deliver your product to the customer. For this reason, having access to a service that will pick up your items and bring them to their destination is crucial. You may do this using a TCS cash-on-delivery account.
Second, a trust deficit exists between the Buyer and the Seller since an online shopper can only see a photo or video of a product and cannot know whether what they get would match their expectations. As a result, they were cautious about making a purchase. In addition, the customer has no idea whether they will get the goods if they pay for it in advance through an online transfer of funds before it is sent.
In contrast, the Seller cannot ship the merchandise until the invoice amount has been paid.
Therefore, these issues were addressed by the TCS cash-on-delivery account. A vendor’s cash-on-delivery orders are simplified when he sets up a TCS account.
To read more about online business ideas, click on the below link.
https://businessdream.pk/the-best-online-business-ideas-in-pakistan-in-2023/
How TCS cash on delivery account works
A TCS cash-on-delivery account will get you access to their online line site (E-portal). The Buyer’s details will need to be entered, including their full name as it appears on their CNIC, complete shipping address, and mobile phone number.
After submitting the form, the customer may either drop off the product at a local TCS location or arrange for a TCS representative to pick it up at the specified address.
After delivering the package to the Buyer and collecting payment, the TCS office will transfer the remaining funds (less the delivery fee) into the Seller’s registered account. The Buyer may decline to pick up the shipment if they so want. In such a circumstance, the Buyer is under no obligation to make further payments to the Seller, and the package will be returned to the Seller.
To read more about Trax cash on delivery account, click on below link
https://businessdream.pk/how-to-open-trax-cash-on-delivery-account-in-pakistan-in-2023/
How to open a TCS cash-on-delivery account
We will provide pictures of opening a TCS cash-on-delivery account in Pakistan in 2023.
Account registration form
First Of all, You will select your business. If your business is registered or not, select accordingly. When you choose yes, then TCS cash on delivery account detail will require your business national tax number.
We will show you both forms with tax numbers and without tax numbers in pictures.
Application Information
Now you have chosen the business type. You have to fill out the application form according to your business type. Follow the below steps to fill out your TCS cash-on-delivery account application form.
Form-1
- Name/ Account: Write down your business title here, like Businessdream. You should have a bank account with the business title, which you will enter later in the form.
- Owner name: If you are the owner, then type your name
- CNIC number: Write down the computerized identity card number (CNIC number)
- NTN: This field is only available for registered Taxpayer business types. So if you selected the area no in business, you would not see this field. For taxpayers, write down your national tax number here.
- City: Write down the city where you are doing your business.
- Location: Select the area from the dropdown list.
- Pickup address: Provide the full address of your business destination from where you want to provide your products to the TCS for delivery.
- Company Phone: This field is also for registered taxpayer companies. Provide your landline or office mobile number.
- Landline: provide the business number
- Mobile Number: Provide your active mobile number in this field.
- Mobile Number 2: Provide any other mobile number for contact if your number is not reachable.
- Company Email/Email address: For registered taxpayer business, provide a company email address; for a non-registered taxpayer company, provide your email address. TCS will use this email address to contact you and send you information about your parcels
- Selling medium: Check the appropriate medium where you are getting orders online.
Form-2
- URL: Provide the URL of your website, Facebook page, or Instagram page here.
- Business Name: Provide the name of your business here
- Nature of business: Select the nature of your business, Running or startup.
- Billing address: Write down the address where you want to get the bills
- Sale Tax: For those businesses who have registered sale tax with the federal board of revenue (FBR)
- Months into business: Select the option near your business startup.
- Average shipment per week: Select the option that suits your weekly order.
Contact person
- Serial number: by default, there is 1 number, as you will add the first contact person.
- Name: Name of the contact person
- Designation: Provide the title of the contact person like owner, office boy, or receptionist
- Mobile number: Provide the mobile number of the contact person
- Email: Provide the Email ID of the contact person
- CNIC: Write down the computerized national identity card (CNIC) number of the contact person
- Click on the add button to add the contact person to the list
Product range
3.3-Product range
TCS cash on delivery account will ask you about your product range in this section. Please see the below picture and follow the instruction written below.
Choose the option which defines your product range or write down the category of your product in the field with the name other.
After selecting the appropriate option, you will see step 4, which is the terms and conditions of the TCS cash-on-delivery account.
Terms & conditions
In the term and conditions section, the TCS cash-on-delivery account declares all the terms and conditions of the organization related to the parcel delivery. Click on the terms and conditions link to read the terms and conditions. Moreover, to read about Undertaking, click on the link undertaking as shown in the picture above. We have attached a picture of the terms and conditions and undertaking for your review.
The terms and conditions have the following heading.
- TCS consignment note
- No variation
- Right of inspection of the shipment
- Lien of the goods shipped
- Actual value
- Consequential damage exclude
- Liabilities not assumed
- Claims
- Applicability
- Materials not accepted for shipment
- Insurance
- The lawfulness of goods/ shipment
- If the shipper has asked TCS to bill the receiver
- Warsaw Convention
- Oversize or Odd size shipment
Variable fuel adjustment charges would apply as per practice
Rates
In this section, we will discuss the rates for TCS cash on delivery account rates for Pakistan in 2023. We also have attached a picture of the rates for your review.
We will discuss the list below for your understanding.
For one Kg detail:
- South to south: You are doing business in the south area of Pakistan and sending a parcel in the south region of Pakistan. For every kg, the parcel price is 160
- South to Central: You are doing business in the south area of Pakistan and sending a parcel to the central region of Pakistan. For every kg, the parcel price is 240
- South to north: You are doing business in the southern area of Pakistan and sending a parcel to the northern region of Pakistan. For every kg, the parcel price is 250
- Within the city: Within the city, For every kg, the parcel price is 110
For less than or equal to 0.5 Kg, detail:
- South to south: You are doing business in the south area of Pakistan and sending a parcel in the south region of Pakistan. For every kg, the parcel price is 160
- South to Central: You are doing business in the south area of Pakistan and sending a parcel to the central region of Pakistan. For every kg, the parcel price is 190
- South to north: You are doing business in the southern area of Pakistan and sending a parcel to the northern region of Pakistan. For every kg, the parcel price is 190
- Within the city: Within the city, For every kg, the parcel price is 110
Click on the accept button for acceptance.
Bank details, Review and submit
Provide the Bank details as follows.
- IBAN: Provide the IBAN of your bank account
- Bank Name: Provide the Bank name of your account
- Branch: Provide the Bank branch of your account
- Bank Account Title: Provide the bank account title of your account.
After providing all details, click on the review and submit and read carefully all the details provided by you and correct if found any errors.
