Is it ok to pay down payment and the remaining balance will pay upon delivery of the item to my address?

For orders worth P3,000 and above, we can offer a 50% down payment upon order, and the remaining 50% before delivery or upon pickup.

We can apply Cash on Delivery (COD) for the remaining balance, however, it has an additional 3% for the transaction fee. The allowable maximum amount is PHP5,000 and below and shipping location is now Nationwide.