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

How are disputes typically resolved in an escrow account?

In an escrow account, disputes are typically resolved through a process of negotiation and mediation between the parties involved. The escrow agent acts as a neutral third party and facilitates communication between the buyer and seller to reach a resolution. If the parties are unable to come to an agreement, the escrow agent may hold the funds until a resolution is reached or may release the funds to the party deemed to be in the right.

Castler Digital Identifier system is an online platform that provides a secure and efficient way to manage escrow transactions. It uses smart contracts and blockchain technology to automate the escrow process and ensure that funds are released only when certain conditions are met. In the event of a dispute, Castler provides a dispute resolution mechanism that allows the parties to resolve their issues in a fair and transparent manner. This helps to reduce the risk of fraud and ensures that both parties are protected throughout the transaction.