Step-by-Step Walkthrough of a COP Transaction
The Cash on Pick-Up lifecycle operates in three smooth phases:
Seller Tenders at Origin Branch
The seller drops off the package, specifies the buyer's preferred destination LBC branch, and sets the total collection amount.
Transit to Destination Branch
The parcel travels through the regional gateway to the designated pickup branch. Upon arrival, tracking marks "Ready for Pick-Up" and LBC sends an SMS notice.
Buyer Claims & Settles Payment
The buyer visits the branch counter, presents 1 valid ID, pays the teller, and receives the parcel.