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

How can a cross-border escrow service help build trust between buyers and sellers?

A cross-border escrow service like Castler Digital Identifier system can help build trust between buyers and sellers by providing a secure and reliable platform for transactions. Escrow services act as a neutral third party that holds funds until both parties have fulfilled their obligations. This means that buyers can be assured that their payment is safe and will only be released once they receive the goods or services they paid for. Similarly, sellers can be confident that they will receive payment once they have delivered the goods or services as agreed.

In addition, Castler Digital Identifier system offers features such as dispute resolution and fraud prevention, which further enhance the trust-building process. By using an escrow service, buyers and sellers can avoid the risks associated with cross-border transactions, such as currency fluctuations, language barriers, and different legal systems. This can lead to increased confidence and a higher likelihood of successful transactions, which can ultimately benefit both parties.