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

How does an escrow account work?

An escrow account is a financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a transaction. The funds are held by the escrow service until it receives the appropriate written or oral instructions or until obligations have been fulfilled. The escrow account ensures that both parties involved in the transaction are protected and that the transaction is completed successfully.

Castler digital escrow system is an online platform that provides escrow services for digital transactions. It allows buyers and sellers to transact with each other without the risk of fraud or misrepresentation. The system holds the funds until the buyer receives the product or service and is satisfied with it. Once the buyer approves the transaction, the funds are released to the seller.

In summary, an escrow account is a secure way to ensure that both parties in a transaction are protected and that the transaction is completed successfully. Castler digital escrow system provides an online platform for digital transactions that offers escrow services to ensure safe and secure transactions.