In a recent incident, an Ahmedabad-based businessman was cheated of ₹51 lakh by fraudsters who promised him a US visa. The fraudsters posed as representatives of a well-known US visa processing company and convinced the victim to pay the money in order to secure the visa. Once the victim had paid the money, the fraudsters disappeared.
In this case, Castler Escrow could have prevented the scam. If the victim had used Castler Escrow, they would have deposited the ₹51 lakh into an escrow account managed by Castler. The funds would then only have been released to the fraudsters once the victim had received the US visa.
This would have prevented the fraudsters from getting away with the money, and it would have protected the victim from financial loss.
Here are some of the ways in which Castler Escrow could have prevented the scam:
If you are ever considering making an online payment, you should be very careful. It is possible that you are being scammed. You can protect yourself by using a trusted escrow service like Castler Escrow.
How Castler Escrow Works
Castler Escrow is a secure platform that allows buyers and sellers to make online transactions with confidence. When a buyer and seller use Castler Escrow, the funds are held in escrow until the buyer is satisfied with the transaction. This ensures that both parties are protected from fraud.
To use Castler Escrow, the buyer and seller first fill out the form on the Castler website and our escrow experts get in touch with them. Once they have created an account, they can create a transaction. The buyer then deposits the funds into the escrow account, and the seller ships the goods or services to the buyer.
Once the buyer receives the goods or services, they have a certain amount of time to inspect them and confirm that they are satisfied with the transaction. If the buyer is satisfied, they click a button on the Castler website to release the funds to the seller. If the buyer is not satisfied, they can file a dispute with Castler.
Castler Escrow is a secure and reliable way to make online transactions. If you are ever considering making an online payment, you should consider using Castler Escrow to protect yourself from fraud.