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

How are disputes between the parties involved in the transaction resolved?

In Castler’s Digital Identifier system, disputes between the parties involved in the transaction are resolved through a dispute resolution process. This process involves a neutral third-party mediator who reviews the evidence presented by both parties and makes a decision based on the terms of the escrow agreement and applicable laws. The mediator’s decision is binding and final, and the funds held in escrow are released accordingly.

Castler’s Digital Identifier system is designed to minimize the risk of disputes by providing a secure and transparent platform for transactions. However, in the event that a dispute does arise, the system provides a fair and efficient process for resolving it. This helps to ensure that both parties are protected and that the transaction can proceed smoothly. Overall, Castler’s Digital Identifier system provides a reliable and trustworthy way to conduct transactions online, with the added security of a dispute resolution process to protect both parties.