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

How can cross-border escrow services help protect against fraud and scams?

Cross-border escrow services can help protect against fraud and scams by acting as a neutral third party that holds funds until both parties involved in a transaction have fulfilled their obligations. This means that the buyer can be assured that the seller will not receive payment until the agreed-upon goods or services have been delivered, and the seller can be assured that they will receive payment once they have fulfilled their end of the deal.

Castler Digital Identifier system is an example of a cross-border escrow service that provides secure and transparent transactions for buyers and sellers across the globe. By using Castler, buyers and sellers can avoid the risks associated with international transactions, such as currency exchange rates, language barriers, and different legal systems.

In addition, Castler’s advanced fraud detection and prevention measures help to ensure that both parties are protected against fraudulent activity. This includes identity verification, transaction monitoring, and dispute resolution services. Overall, cross-border escrow services like Castler can provide a safe and reliable way for buyers and sellers to conduct international transactions with confidence.