Courier COD account in Pakistan: TCS, Leopards, PostEx

To open a COD account with a courier in Pakistan, send your business name, CNIC, NTN, pickup address and bank details through the courier’s form or at a branch, then wait for a call. TCS, PostEx and Trax have online forms that ask for an NTN. Leopards and M&P also let you start with Retail COD, where you walk a parcel into a branch with your CNIC. BlueEx calls you back after a short form. Only PostEx gives an approval time: its account guide says activation takes 2 to 3 working days at most. Details are as of October 2026, from each courier’s own pages.

Retail COD or a courier account

With Retail COD you carry each parcel to the courier’s branch, register once and ship like a walk-in customer. With a courier account, the courier sets up your business, gives you a login or account manager, and collects parcels from your door. Both pay the cash into your bank account, minus the courier’s charges.

Begin with Retail COD. Ask for an account once dropping off parcels eats the time you need for buying stock and answering buyers. By then you have real numbers (parcels a week, average COD amount, cities) for the form, and they win a better rate. For speed, coverage and price, see the best courier service in Pakistan guide.

The documents every courier asks for

One short list covers every courier below. Keep these in one folder on your phone:

• CNIC, number and a clear copy of both sides.
• NTN. TCS and Trax mark it required. PostEx’s account guide calls it mandatory for every COD merchant, individuals included. An individual’s NTN is the CNIC number, registered on FBR’s IRIS portal. The steps are in how to register an online business in Pakistan.
• Bank details: account title, bank and IBAN, and a cheque copy. Leopards’ FAQ names “a copy of CNIC and Cheque”.
• Brand name and pickup address, and a billing address if it differs. PostEx sometimes asks for a utility bill.
• Sales tax registration number, only if you have one.
• A mobile number and an email you check daily, because couriers call you back.
• Your category and rough volume: what you sell, parcels a week and the usual COD amount.

The NTN is not optional now. FBR’s Income Tax Circular 01 of 2025–26 says couriers and online marketplaces must not serve sellers unregistered for income tax, with penalties if they do. Leopards’ Retail COD page lists only a CNIC copy and a cheque, but the rule binds the courier, not its form.

Courier by courier: sign-up, payout, negotiation

TCS

• Sign up: the E-com Solutions: Account Opening Request Form asks for NTN, CNIC, pickup and billing addresses, company email and a contact person. TCS says it will contact you. Its Retail COD page lists no documents, so carry your CNIC and IBAN to an Express Centre.
• Payout: no days published. The Retail COD page promises “timely payment clearance”.
• Negotiate: the payout day and return fee, neither published, and the account rate against the Retail COD tariff.

Leopards

• Sign up: for Retail COD, take a copy of your CNIC and at least one shipment to an Express Center, with your bank name, IBAN, and brand name and address. A Shipper ID goes to your mobile (its e-commerce page). For pickup, use the Open an Account form on the e-commerce portal, or ask about a corporate account.
• Payout: weekly to your bank account, “within a week” of successful delivery, per its FAQ.
• Negotiate: a named weekday for the payout. Retail COD has no return fees and no minimum shipments, so ask whether both carry over to a corporate account.

PostEx

• Sign up: the Create Your Business Account form asks for contact details, company name, website, monthly orders and NTN status. An executive then calls or messages you on WhatsApp for the documents. Activation takes a maximum of 2 to 3 working days once they are verified, per the account guide (February 2026).
• Payout: the COD page advertises upfront payment, “transferred instantly”. The upfront-payments guide (December 2025) gives the detail: PostEx pays 50% to your bank the next working day after pickup and 50% after delivery. On a Rs 2,500 order, that is Rs 1,250 and Rs 1,250. The guide calls the charges “very minimal”, gives no figure and is silent on refusals.
• Negotiate: ask what upfront payment costs per order in rupees, which of “instantly” and “next working day” applies, what happens to the first Rs 1,250 when a buyer refuses, and the settlement day for parcels not on upfront.

M&P

• Sign up: take the parcel to the nearest M&P Courier Center and register your company once. The retail page says there is no minimum shipment quantity. For corporate COD, use the quote form on the corporate page or call 021 111 202 202.
• Payout: “quick paybacks”, with no number of days.
• Negotiate: the days and payout method, and a corporate rate once your volume is real.

Trax (SLGTrax)

• Sign up: the Sign Up button on its e-commerce courier page opens a form that asks for company details, CNIC, NTN, and your average weekly shipments and COD amount.
• Payout: cash payback within 24 hours of delivery, return intercept and 650+ destinations. These are Trax’s own claims.
• Negotiate: the 24 hours and its cut-off, and the return fee, which it does not publish.

BlueEx

• Sign up: the Open an Account form on blue-ex.com asks for your name, contact details, company name, the service you want and a time for BlueEx to call you. It has no NTN or CNIC fields, so expect them on the call.
• Payout: no days published on its COD page.
• Negotiate: payout days, return fee and minimum parcels, none published. When we checked, a notice on its home page asked sellers not to send orders to several Azad Kashmir towns.

Six couriers side by side

“None published” means we could not find the figure on the courier’s own pages. Ask the sales rep. It is not a no.

How payout cycles are measured, and what they do to your cash, is in COD payment cycle in Pakistan.

Aggregators: one sign-up, many couriers

An aggregator gives you one account that books parcels with several couriers. Two publish their terms. The payout clock is the aggregator’s, not the courier’s.

• Oshi. Register at app.oshicourier.pk/register. Its FAQ says you fill in business details and verify your email. It promises 48-hour COD settlement after the courier confirms delivery and cash collection, without saying when the 48 hours start. It lists no setup fee, monthly subscription or minimum volume, and a “small platform fee” with no figure.
• Flaship. Register at partners.flaship.pk/register. Its home page lists ten couriers, including Leopards, TCS, Trax and PostEx. It says COD earnings appear in your Flaship Wallet once a shipment is delivered, and that you can withdraw to any bank account with zero fees.

These are the aggregators’ own claims, and neither lists documents. Neither says who withholds the 2% or 4% tax on your COD. FBR’s circular makes “the courier which could be an aggregator” responsible for it, so it may be the aggregator. Ask for four answers in writing:

• The platform fee, in rupees per parcel.
• The payout day, and what the 48 hours or other period counts from.
• Who withholds the tax, and whose name is on your tax statement.
• The return charge for each courier you will use.

Pick by payout day before rate

A courier that pays N days after delivery holds N days of your sales. Assume 20 delivered parcels a day at an average COD order of Rs 2,500, in a 30-day month (600 parcels). That is Rs 50,000 collected a day, so the cash held back is Rs 50,000 times the days of delay.

Rs 300,000 separates the first and last rows. Assume that cash is worth 3% a month, what it earns when you restock or costs you to borrow. Holding it costs Rs 9,000 a month. A rate Rs 20 a parcel cheaper saves 20 parcels × 30 days × Rs 20 = Rs 12,000 a month and covers that. The break-even is Rs 15 a parcel (Rs 9,000 over 600 parcels), or Rs 2.50 for each extra day on a Rs 2,500 order (Rs 2,500 × 3% over 30 days).

So take the faster payout unless the slower courier is cheaper by Rs 2.50 a parcel for each extra day. Leopards’ 7 days is the worst case, and a weekly batch averages about 3.5 days, so your gap may be smaller. Replace the 20, Rs 2,500 and 3% with your own numbers. The courier charges calculator gives the rate side.

The 2% or 4% deduction and what you receive

The Finance Act 2025 added sections 6A and 153(2A) to the Income Tax Ordinance, explained in FBR’s Circular 01 of 2025–26. A courier that remits COD collections withholds a percentage of the gross amount. A payment intermediary withholds less on online payments. FBR’s Withholding Tax Rate Card, updated to June 30, 2026, sets the rates:

The circular treats it as a final tax under section 6A. The Finance Act 2026 makes it adjustable for turnover above Rs 200 million, and lets a seller up to Rs 200 million opt out of the final regime when filing for tax year 2027 onwards. The courier deposits the tax in your name each month. FBR lists a person only for a year they filed a return, so a new seller may pay 4% until the first return. To check your status, see online business tax in Pakistan, including final tax or adjustable.

Here is one parcel, assuming a Rs 2,500 COD order and a Rs 250 courier charge taken out of the payout. Your charge, and whether it is deducted or billed separately, depends on your agreement.

Paid digitally through an intermediary, the same Rs 2,500 would carry Rs 25 on the list or Rs 50 off it. Put the Rs 50 or Rs 100 into your cost when you set the price. The COD profit calculator takes it with your courier charge and return rate. Ask each courier whether the deduction shows as its own line on your payout.

What to ask, and what to negotiate

Published pages leave out the numbers that decide whether an account is good. Ask for each of these in writing (WhatsApp or email is fine) before the first parcel:

You have little to negotiate with before you ship, so get the written terms now. After a month or two, send the courier your actual parcels, cities and delivery rate and ask for a rate review. The fastest wins are usually the payout day and return charge. A message to paste:

Assalam o alaikum. I run [brand name], an online store selling [category]. I plan to ship about [number] COD parcels a week, mainly to [cities], with an average order of Rs [amount]. Please send in writing: your rate by weight for [city] to [city], the payout day and how many days after delivery it is paid, the return charge, what is paid for a lost or damaged parcel, and whether you deduct FBR withholding on my COD at 2% or 4%, and how it appears on each payout. My NTN is [number]. My CNIC and a cheque copy are attached.

Your first week after approval

Check that what you were told matches what happens:

If a parcel delivered on a Monday is still unpaid the next Monday under a one-week promise, write to your contact with the parcel number that day. For parcels that come back, see how to reduce COD returns.

Where your store fits

On Storelala, Core (Rs 2,000 a month, or Rs 1,000 a month billed yearly) lets you book PostEx, Leopards or TCS from the order screen, and the tracking number goes to your buyer on WhatsApp. Open the courier’s own account or Retail COD route first, because the courier collects the cash and pays you. Lite is free forever, up to 10 products, and takes cash on delivery. Prices are on the pricing page.

Questions sellers ask

How do I open a COD account with TCS or Leopards?

TCS: fill in the E-com Solutions: Account Opening Request Form on tcsexpress.com/ecom. It asks for your company name or account title, owner name, category, NTN, origin city, pickup and billing addresses, mobile number, company email, a contact person with designation, and your CNIC. The page says TCS will contact you and gives no number of days. Leopards: for Retail COD you need no corporate account. Walk into an Express Center with a copy of your CNIC and at least one shipment, give your name, CNIC, mobile number, bank name and IBAN, and brand name and address, and a Shipper ID arrives on your mobile. Leopards says there is no minimum number of monthly shipments. For pickup from your door, use the Open an Account form on ecom.leopardscourier.com. TCS also runs Retail COD at its Express Centres, which it describes as having no complicated account requirements.

Is an NTN required for a courier COD account?

Yes, plan on it. The TCS and Trax forms mark the NTN as required, the PostEx form asks whether you have an active one, and PostEx’s account guide says even an individual needs an active NTN. FBR Income Tax Circular 01 of 2025–26 says couriers and online marketplaces must not serve sellers who are not registered for income tax, with penalties for those that do. BlueEx’s form does not ask for it, but the rule binds BlueEx too. An individual’s NTN is their CNIC number, registered on FBR’s IRIS portal, and FBR lists no fee for it.

How do I open a PostEx account, and how long does approval take?

Submit the form at postex.pk/signup. PostEx’s team then calls or messages you on WhatsApp for your CNIC, NTN certificate and bank IBAN. PostEx’s own guide, updated February 2026, says activation takes a maximum of 2 to 3 working days once your documents are verified. That is PostEx’s claim, so ask your onboarding contact for the date in writing. Upfront payment is an option you choose at onboarding. On a Rs 2,500 order it pays Rs 1,250 the next working day after pickup and Rs 1,250 after delivery, per PostEx’s December 2025 guide. PostEx does not publish what it costs, so ask for the rupee figure per order.

How do I open a Trax, M&P or BlueEx COD account?

Trax: the Sign Up form on its e-commerce courier page asks for company name, contact person, email, phone, CNIC, city, NTN, business address, whether the business is registered, the service you want, and your average shipments per week and average COD amount. M&P: Retail COD works without a corporate account. Take the parcel to the nearest M&P Courier Center and register your company once, or call 021 111 202 202 for a corporate quote. BlueEx: the Open an Account form on blue-ex.com asks for contact details and the service you want, and BlueEx calls you back. Of these three, only Trax publishes a payout time: cash payback within 24 hours of delivery, by its own claim.

How long does a courier take to pay COD money?

It depends on the courier, and the answer should be in writing. As of October 2026 Leopards says weekly disbursements, within a week of successful delivery. Trax says cash payback within 24 hours of delivery. PostEx’s COD page says upfront payment is transferred instantly, and its December 2025 guide is more precise: 50% the next working day after pickup and the rest on delivery. Ask PostEx which applies. TCS, M&P and BlueEx publish no number of days, so ask them for the payout day and the cut-off.

How much tax will a courier deduct from my COD payout?

Under section 153(2A), FBR’s Withholding Tax Rate Card, updated to June 30, 2026, has the courier withhold 2% of the gross COD amount if you are on FBR’s Active Taxpayers List and 4% if you are not. It is deposited in your name each month, and the circular treats it as a final tax by default. The Finance Act 2026 makes it adjustable for sellers with turnover above Rs 200 million and lets sellers up to Rs 200 million opt out of the final regime when filing from tax year 2027. On a Rs 2,500 order the deduction is Rs 50 or Rs 100. A seller who registered recently may not be on the list yet, so ask the courier which rate it applies to you.