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 time zones?

A cross-border escrow service, such as Castler’s digital escrow system, handles transactions involving different time zones by providing a secure and automated platform for buyers and sellers to conduct their transactions. The system ensures that the funds are held in escrow until the agreed-upon conditions are met, and then releases the funds to the seller.

To accommodate different time zones, the system operates 24/7, allowing buyers and sellers to access the platform at any time. The platform also provides real-time notifications and updates to both parties, ensuring that they are aware of any developments in the transaction.

Additionally, the system provides multilingual support, allowing buyers and sellers from different countries to communicate effectively. This helps to avoid misunderstandings and ensures that the transaction proceeds smoothly.

Overall, a cross-border escrow service such as Castler’s digital escrow system provides a secure and efficient way for buyers and sellers to conduct transactions across different time zones, while minimizing the risk of fraud or disputes.