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

How are the fees and expenses associated with the escrow account calculated?

Castler Digital Identifier system is a platform that facilitates secure transactions between two parties by holding funds in an escrow account until the terms of the agreement are met. The fees and expenses associated with the escrow account are calculated based on the amount of the transaction and the duration of the escrow period. Castler charges a percentage of the transaction amount as a fee for its services, which is typically lower than traditional escrow services. The longer the escrow period, the higher the fees will be. Additionally, there may be other expenses associated with the transaction, such as wire transfer fees or currency conversion fees, which will also be factored into the total cost of the escrow account. Castler provides transparent pricing and a breakdown of all fees and expenses associated with the escrow account, so that both parties can understand the costs involved in the transaction.