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

How does a cross-border escrow service handle transactions involving different shipping and delivery methods?

A cross-border escrow service, such as Castler’s Digital Identifier system, handles transactions involving different shipping and delivery methods by providing a secure platform for buyers and sellers to conduct their transactions. The system acts as a neutral third party, holding the funds until the buyer receives the goods and confirms that they are as described.

When it comes to shipping and delivery, the escrow service can provide guidance on the best methods to use for cross-border transactions. For example, they may recommend using a trusted courier service or a shipping company that has experience with international deliveries.

The escrow service can also help to resolve any disputes that may arise during the shipping and delivery process. For example, if the goods are damaged during transit, the escrow service can work with the buyer and seller to come to a resolution that is fair for both parties.

Overall, a cross-border escrow service provides a secure and reliable way for buyers and sellers to conduct transactions involving different shipping and delivery methods, giving both parties peace of mind and ensuring a smooth transaction process.