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 This Woman from Cyber Fraud

In a recent case, a Mumbai woman was cheated of ₹1.7 lakh by cyber fraudsters who drugged her and then made her transfer the money to their bank account. The victim was tricked into believing that she was making a payment to a government official.

If the victim had used Castler Escrow, this scam could have been prevented. Castler Escrow is a secure platform that allows buyers and sellers to make online transactions without having to worry about fraud. When a transaction is placed in escrow, the money is held by Castler until both parties have agreed that the transaction has been completed. This means that the buyer’s money is protected until they have received the goods or services that they have paid for.

In the case of the Mumbai woman, if she had used Castler Escrow, the money would have been held in escrow until the victim had received the goods or services that she had paid for. This would have prevented the fraudsters from being able to access the money.

In addition to protecting buyers from fraud, Castler Escrow also provides a number of other benefits, including:

Increased security: Castler Escrow uses a variety of security measures to protect your money, including encryption, fraud detection, and identity verification.
Peace of mind: Knowing that your money is safe in escrow can give you peace of mind during the transaction process.
Convenience: Castler Escrow makes it easy to make online transactions by providing a single platform for buyers and sellers to communicate and complete the transaction.
If you are considering making an online transaction, we encourage you to use Castler Escrow. It is a safe and secure way to protect your money from fraud.

Here are some additional tips for avoiding online scams:

Only do business with reputable companies.
Do your research before making a purchase.
Be wary of any deals that seem too good to be true.
Never give out your personal information or financial details to anyone you don’t know.
If you think you have been scammed, report it to the authorities immediately.
By following these tips, you can help protect yourself from online scams.