A type of payment that the customer pays at the same time of placing the order the product
Cash with order is used to specify the trades where the money is paid to the supplier when the order is placed, A payment term whereby the purchaser pays the cash in the time the order is placed. Under this term, the buyer is expanding credit to the seller. It is Also called as Advanced payment. It is the terms of sale showing the payment need to be produced in money once the order is placed.
Seller is bound to deliver the merchandise following the order once the payment is finished. In the same way, the buyer is obligated to accept the order since he/she has paid for this order. There is a risk associated with this kind of payment.