In a recent incident, a Mumbai man was duped of Rs 1.2 lakh while trying to purchase liquor online. The fraudsters posed as a legitimate liquor store and asked the victim to share his OTP in order to complete the purchase. Once they had the OTP, they were able to siphon off the victim’s money.
In this case, Castler Escrow could have prevented the scam from happening. Castler Escrow is a third-party escrow platform that allows buyers and sellers to make and receive payments securely. When a buyer uses Castler Escrow to purchase goods or services, the money is held in escrow until the buyer confirms that they have received the goods or services in satisfactory condition. This prevents fraudsters from being able to steal money from buyers before they have received the goods or services they paid for.
In the case of the Mumbai man, if he had used Castler Escrow to purchase liquor online, the fraudsters would not have been able to steal his money. Once the victim had paid for the liquor, the money would have been held in escrow until the victim confirmed that they had received the liquor. If the victim had not received the liquor, they could have simply requested a refund.
Castler Escrow is a safe and secure way to make online payments. It can help protect you from fraudsters and ensure that you receive the goods or services you paid for. If you are considering making an online purchase, we encourage you to use Castler Escrow.