Online shopping is now the trend for people who would rather shop using their smartphones. That’s why LBC has launched their newest services to benefit the e-commerce industry: Cash on Pick-up and Cash on Delivery.
The only problem is that many sellers like Liza Chavez, do not have any bank account. “My small online business has been a very good source of income for my family”, says Liza. But business can be better, if I can collect payments without having to go out and meet my buyers individually”. Joseph Quitevis, who just started his small online business selling men’s apparel, shares the same view saying: “It would be great if there was a way for people like me who don’t have a bank account to have a place that will help us facilitate the payments of our buyers- who come from different parts of the country”.
LBC knows too well how important fast and easy transactions are, not only for the buyer but also for the seller. That’s why LBC is happy to introduce its newest service to Liza, Joseph and other online sellers who don’t have a bank account.
The new service is called “Branch Collect”, where merchants can collect payment from buyers even without a bank account. This is different from before when one requirement for an online seller to avail of LBC’s Cash on Pick-up (COP) And Cash on Delivery (COD) option is for them to have a bank account which can be used by LBC to deposit a buyer’s payment.
With Branch Collect, a seller can simply get their collection from an LBC Branch. All a Seller needs is to declare that he or she will utilize Branch Collect. If a collection is below P10,000, a Seller can just go to any LBC branch to get the payment. If it’s more than P10,000, a Seller needs to identify the LBC branch where he/she can pick up the payment. Under Branch Collect, a Seller will also receive a notification from LBC that the money is already available for pick-up.
The benefit of using Branch Collect for current COP and COD users is that merchants with minimum transactions can get their investment immediately so they can use it again as capital. Liza says: “From now on, I will now use LBC Branch Collect! Not only because LBC’s services are already tried and tested, but because they always have their customers’ welfare in mind”. Joseph, meanwhile, is looking forward to using LBC Collect saying: “I am confident that with LBC by my side, the future of my small business looks better”.
To know more about Branch Collect, visit an LBC branch near you.
LBC is the Philippines’ market leader in retail and corporate courier & cargo, money remittance, and logistics services. With a growing network of over 6,400 branches, hubs & warehouses, partners, and agents in over 30 countries, LBC is committed to moving lives, businesses, and communities and delivering smiles around the world. Listed in the Philippine Stock Exchange through LBC Express Holdings, Inc., LBC aims to deliver value to all of its stakeholders, as it has for over 60 years. Founded in 1945 as a brokerage and air cargo agent, LBC pioneered time-sensitive cargo delivery and 24-hour door-to- door delivery in the Philippines. Today, it is the most trusted logistics brand of the Global Filipino. LBC can move it for you: visit www.LBCexpress.com, or call telephone +632 8585 999 (Metro Manila), 1 800 10 8585 999 (Provincial), +632 9086 522 (Solutions) and follow LBCExpress (Facebook and Twitter).
