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

Categories faq: Milestone Escrow

What are the future trends for milestone based escrow?

The use of milestone based escrow is expected to grow in the future, as businesses and freelancers or contractors look for ways to protect themselves from fraud and scams. Additionally, the rise of blockchain technology is expected to make escrow services more efficient and secure.

How can I protect myself from fraud or scams?

There are a few things that you can do to protect yourself from fraud or scams when using milestone based escrow, including:

Choose a reputable escrow service
Read the terms and conditions carefully
Only work with freelancers or contractors who have a good reputation
Get everything in writing

What happens if there is a dispute?

If there is a dispute between the business and the freelancer or contractor, Castler will hold the funds until the dispute is solved.

How do I get started with milestone based escrow?

To get started with milestone based escrow, you will need to:

Choose an escrow service
Create an escrow account
Deposit the agreed upon amount into the escrow account
Agree on the milestones with the freelancer or contractor
Release funds to the freelancer or contractor once they have completed each milestone