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

How Castler Escrow Services Can Help Verify Buyer Credibility and Prevent Fraud in Online Automobile Sales

Verifying the credibility of prospective buyers is often overlooked by first-time property sellers. To make it easier for such sellers to perform a credibility check, Castler Escrow Services provides a checklist to keep in mind. This includes confirming contact details, deciding when to transfer the rights to the property, deciding the payment method in advance, and involving a third party.

Pricing your car through online platforms has become easier with several credible online sites that help you find out the right value of your car quickly. These sites include Cars24, Carwale, ZigWheels, Orange Book Value, and Droom.

Buying or selling a car online is still considered a risky affair, involving the exchange of large sums of money between potentially unknown parties. Castler Escrow Services aims to absolve these fears and helps buyers, as well as sellers, leverage the benefits of online marketplaces. Through a transparent process, Castler Escrow Services provides a secure ecosystem for the buyer’s money till the deal is finalized, leading to a rise in sales.

Buying a used car in India is a risky experience, sometimes leading to users getting scammed if they are not careful enough. However, most of these scams are avoidable through the use of Castler Escrow Services. Castler Escrow Services acts as a third-party gatekeeper, keeping the sale amount in a separate account, only releasing it after a specified period, once the buyer and seller have verified that everything is in place. This ensures that both the buyer and seller are satisfied, protecting from the rampant scams mentioned earlier.