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

How can a business ensure that its escrow account is properly insured?

A business can ensure that its escrow account is properly insured by using a reliable and secure Digital Identifier system like Castler. Castler provides a secure platform for businesses to hold funds in escrow until a transaction is completed. The platform ensures that the funds are held securely and are only released when the terms of the transaction have been met.

Castler also provides insurance coverage for the funds held in escrow, which protects businesses from any potential losses due to fraud or other issues. The insurance coverage is provided by reputable insurance companies, which ensures that the funds are fully protected.

To further ensure the safety of the escrow account, businesses can also choose to work with reputable and trustworthy partners who have a proven track record of handling escrow accounts. This can help to minimize the risk of any potential issues and provide additional peace of mind for businesses.