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How Castler Escrow Could Have Prevented a Gift Card Scam

A 31-year-old woman in Mumbai was recently duped of ₹2 lakh by cyber fraudsters who posed as her employer and asked her to buy gift cards from Apple. The woman, Suruchi Didodkar, received an email from someone claiming to be the owner of her company, who asked her to buy gift cards as part of a work assignment. Didodkar complied, thinking that she was simply following orders, and sent the fraudsters a total of 40 gift cards worth ₹2 lakh.

In this case, Castler Escrow could have prevented the scam from happening. Castler Escrow is a platform that allows buyers and sellers to conduct online transactions safely and securely. When using Castler Escrow, the buyer sends their payment to Castler, who holds it in escrow until the seller has delivered the goods or services. Once the buyer is satisfied with the purchase, they release the funds to the seller.

In the case of Suruchi Didodkar, if she had used Castler Escrow, she would have first sent her payment to Castler. The fraudsters would not have been able to access the funds until Didodkar had confirmed that she had received the gift cards. This would have prevented them from taking her money and running.

In addition to preventing scams, Castler Escrow also offers a number of other benefits, including:

  • Increased buyer protection: Castler Escrow guarantees that buyers will receive the goods or services they purchase, or they will get their money back.
  • Reduced fraud risk: Castler Escrow uses a number of security measures to protect buyers and sellers from fraud.
  • Increased efficiency: Castler Escrow streamlines the online transaction process, making it faster and easier for buyers and sellers to do business.

If you are concerned about the security of your online transactions, then Castler Escrow is a great option. It can help you to protect yourself from fraud and ensure that you receive the goods or services you purchase.