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

How Castler Escrow Could Have Protected the Delhi Police ASI from Scam

In a recent incident, a Delhi Police ASI fell victim to a scam after he was promised a cashback of Rs. 2 lakhs on using PhonePe. The fraudster posed as a customer care executive and convinced the ASI to share his personal and financial details, including his bank account number and password. The fraudster then used this information to withdraw money from the ASI’s account.

If the ASI had used Castler Escrow, he would have been protected from this scam. Castler Escrow is a platform that allows buyers and sellers to complete transactions safely and securely. When a transaction is processed through Castler Escrow, the funds are held in a secure account until both parties have agreed that the transaction is complete. This prevents fraudsters from stealing money from either party.

In the case of the Delhi Police ASI, if he had used Castler Escrow, the fraudster would not have been able to withdraw money from his account. The funds would have been held in a secure account until the ASI had confirmed that he had received the goods or services he had purchased. This would have prevented the fraudster from stealing the ASI’s money.

Castler Escrow is a valuable tool that can help protect people from online scams. If you are planning to make an online purchase, it is important to use a secure platform like Castler Escrow. This will help ensure that your money is safe and that you are not a victim of fraud.

Here are some additional ways that Castler Escrow can protect users from scams:

  • KYC verification: Castler Escrow requires all users to undergo KYC verification before they can use the platform. This helps to ensure that only legitimate users are able to create accounts and participate in transactions.
  • Fraud prevention tools: Castler Escrow uses a variety of fraud prevention tools to help protect users from scams. These tools include IP address monitoring, transaction monitoring and others

If you are looking for a safe and secure way to make online transactions, Castler Escrow is a great option. The platform offers a variety of features that can help protect you from scams.