A 32-year-old Pune woman was recently duped of Rs 37.88 lakh in an online gift fraud. The victim had met the fraudster on a matrimonial website and was convinced that he was a wealthy businessman working in the UK. The fraudster told the victim that he was sending her a costly gift by parcel, but when she received a call from the customs department demanding money to release the gift, she realized that she had been scammed.
In this case, if the victim had used Castler Escrow, she would have been protected from the fraud. Castler Escrow is a secure platform that allows buyers and sellers to make online transactions without fear of fraud. When a buyer uses Castler Escrow, they deposit the payment into an Escrow account. The seller then ships the goods to the buyer. Once the buyer receives the goods and confirms that they are satisfactory, the Escrow account is released to the seller.
In the case of the Pune woman, if she had used Castler Escrow, she would have deposited the payment into the Escrow account before the fraudster shipped the gift. Once the gift was shipped, the fraudster would have requested that the victim release the funds from the Escrow account. However, the victim would have been able to hold onto the funds until she confirmed that she had received the gift. If the gift never arrived, the victim could have simply refused to release the funds from the Escrow account.
This is just one example of how Castler Escrow can protect online buyers from fraud. If you are considering making an online purchase, I encourage you to use Castler Escrow to protect yourself from being scammed.
Here are some additional ways that Castler Escrow could have prevented the Pune online gift fraud:
If you are concerned about online fraud, we encourage you to learn more about Castler Escrow. Castler Escrow is a secure and reliable platform that can help you protect yourself from fraud when making online purchases.