Castler closes Pre-Series A funding of $6 Million led by Flipkart, Capital 2B, IIFL Fintech Fund, Venture Catalysts & Zerodha

Categories faq: Liquidation Escrow

What is the future of liquidation escrow?

The future of liquidation escrow is bright. As the use of online transactions continues to grow, so too will the demand for liquidation escrow services. Liquidation escrow can help to protect both buyers and sellers in online transactions, and it can help to ensure that transactions are completed smoothly and efficiently.

What are the alternatives to liquidation escrow?

There are a few alternatives to liquidation escrow, including:

Using a lawyer to hold the assets.
Using a title company to hold the assets.
Using a bank to hold the assets.

What happens if the parties involved in the transaction cannot agree on the terms of the transaction?

If the parties involved in the transaction cannot agree on the terms of the transaction, the escrow agent may be able to help them to resolve their differences. However, if the parties are unable to reach an agreement, Castler will hold the funds until the dispute is resolved.

What are the costs of liquidation escrow?

The costs of liquidation escrow vary depending on the company and the size of the transaction. However, there are typically two types of fees associated with liquidation escrow:
Escrow fees: These fees are paid to the escrow agent for their services.
Transaction fees: These fees are paid to the third party for their services, such as title insurance or appraisal fees.