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Milestone escrow is a type of escrow account where funds are released to a seller or contractor in increments as certain project milestones are met. This helps to ensure that the buyer is satisfied with the progress of the project before releasing the full payment.
Castler’s secure and efficient escrow services are ideal for milestone escrow because our system provides real-time updates and instant transaction facilitation, allowing both parties to track the progress of the project and ensure that milestones are being met.Our eKYC and eAgreement signing features also help to simplify the onboarding process and ensure that all parties are verified and agree to the terms of the milestone escrow agreement.
Using Castler for milestone escrow can help both buyers and sellers or contractors to build trust in the transaction and ensure that payment is only released when specific milestones are reached. This can help to reduce the risk of disputes and ensure that both parties are satisfied with the final outcome of the project.
The use of milestone based escrow is expected to grow in the future, as businesses and freelancers or contractors look for ways to protect themselves from fraud and scams. Additionally, the rise of blockchain technology is expected to make escrow services more efficient and secure.
There are a few things that you can do to protect yourself from fraud or scams when using milestone based escrow, including:
Choose a reputable escrow service
Read the terms and conditions carefully
Only work with freelancers or contractors who have a good reputation
Get everything in writing
If there is a dispute between the business and the freelancer or contractor, Castler will hold the funds until the dispute is solved.
To get started with milestone based escrow, you will need to:
Choose an escrow service
Create an escrow account
Deposit the agreed upon amount into the escrow account
Agree on the milestones with the freelancer or contractor
Release funds to the freelancer or contractor once they have completed each milestone
The fees associated with milestone based escrow will vary depending on the escrow service that you choose.
When choosing an escrow service, it is important to consider the following factors:
Reputation
Security
Fees
Features
Customer support
There are a few risks associated with using milestone based escrow, including:
The business may not be satisfied with the work that the freelancer or contractor has completed
The freelancer or contractor may not complete all of the agreed upon milestones
here are many benefits to using milestone based escrow, including:
Protection for both parties in the transaction
Reduced risk of fraud or scams
Increased transparency and accountability
Improved communication and collaboration
Faster payments
Reduced administrative costs
When using milestone based escrow, the business and the freelancer or contractor will first agree on a set of milestones. Once the milestones have been agreed upon, the business will deposit the agreed upon amount into an escrow account. The freelancer or contractor will then be able to access the funds in the escrow account once they have completed each milestone.
Milestone based escrow is a type of escrow service that allows businesses to release funds to a freelancer or contractor in stages, based on the completion of specific milestones. This helps to protect both parties in the transaction, by ensuring that the freelancer or contractor is paid only for the work that they have completed, and that the business does not release funds until they are satisfied with the work.
I am thrilled to write a testimonial for Castler, a company that has truly transformed the way we handle digital payments and escrow agreements. Thanks to Castler, making digital payments has become incredibly easy and convenient for us. Their platform is intuitive, user-friendly, and secure, making it an ideal choice for anyone looking for a hassle-free payment experience. And I also liked the features like, Unified Dashboard, Multi-Bank Option, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Standardized Pricing, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .
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Castler’s team of skilled professionals quickly understands the latest digital strategies, enabling us with tailored solutions to our unique needs. Their team was always available to answer any questions or concerns. And I also liked the features like, Unified Dashboard, Modular Product, Fully Customizable, Any Industry Any Use-Case, Team Responsiveness, End-to-End Support, Efficient & Effective.
The process of disbursal through Castler is quick, easy and reliable. The best thing about them is the their team, which is readily available to assist you and give solution to your queries or even helping with last minute disbursal requests. And I also liked the features like, (Unified Dashboard, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .
Quick response time. And I also liked the features like, Multi-Bank Option, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .
Keep up the good work and try to add more features related to operational convenience. And I also liked the features like, Unified Dashboard, 100% Security through Escrow Agreement, Standardized Pricing, Help you Save Time, Money & Effort .
Nidhi is a very professional but never forgets to.give some personal touch. She is prompt in her response and gives solution which is very helpful . And I also liked the features like, Unified Dashboard, Modular Product, Fully Customizable, Any Industry Any Use-Case, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort.
Timely responses and quick solutions to any issues that arose during the course of our engagement have been truly remarkable. Appreciate Nidhi’s & Vineeta’s commitment to delivering high-quality service. And I also liked the features like, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort.
Your executive really helped us with smooth and fast opening of escrow account when we were struggling with the banks for this service.. And I also liked the features like, Team Responsiveness, End-to-End Support, Help you Save Time, Money & Effort.
“I was thoroughly impressed with their services. The staff was professional, responsive, and knowledgeable, and they made the entire process incredibly smooth and hassle-free. One of the things I appreciated most about Castler was their attention to detail. They were incredibly thorough in reviewing all of the necessary documents and ensuring that everything was in order before moving forward with the transaction. This gave me a lot of peace of mind and helped to prevent any potential issues or complications. And I also liked the features like, 100% Security through Escrow Agreement, Standardized Pricing, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .
Throughout our experience with Castler, we have found their team to be incredibly responsive and supportive. They have been instrumental in resolving any issues that we have encountered in a timely manner, providing us with prompt responses that have helped us keep our operations running smoothly. We cannot overstate the value that Castler has added to our platform, and we are grateful to have their team as a partner in managing multiple accounts through their efficient tool. And I also liked the features like, Unified Dashboard, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .
Maybe add more banks to partner with. And I also liked the features like, Unified Dashboard, Multi-Bank Option, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort.
Good work And I also liked the features like, Unified Dashboard, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort.
Castler teams are well co-ordinated & have been standing on feet when support needed during our business peak. And I also liked the features like, Unified Dashboard, Multi-Bank Option, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support .
Liked the features like, Unified Dashboard, Multi-Bank Option, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support .
Representatives works with a problem solving attitude. And I also liked the features like, Multi-Bank Option, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .
We are an NBFC, so making payouts used to be a huge challenge for us. However, ever since we started using Castler’s Escrow Services, all our payouts have been automated which saves us time and resources. Also, the team is extremely responsive and are available to solve issues raised almost immediately. And I also liked the features like, Unified Dashboard, Multi-Bank Option, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Standardized Pricing, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .
amazing tech and ux ui. And I also liked the features like, Unified Dashboard, 100% Security through Escrow Agreement, Efficient & Effective .
Castler Product is unique and easy to use, it’s easy to customise as per any use case makes it different from other escrow service .And I also liked the features like,Unified Dashboard, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .
I think the team behind this is phenomenal and excellent after services after onboarding as well. And I also liked the features like, Unified Dashboard, Multi-Bank Option, Efficient & Effective .
Making Escrows Easier !. And I also liked the features like, Unified Dashboard, Multi-Bank Option, Modular Product, Fully Customizable, Any Industry Any Use-Case, Efficient & Effective .
It’s Wow. And I also liked the features like, Unified Dashboard, Multi-Bank Option, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Standardized Pricing, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort.
Good Team. And I also liked the features like, Unified Dashboard, Team Responsiveness, End-to-End Support .
Very good service and quick response . And I also liked the features like, Multi-Bank Option, 100% Security through Escrow Agreement, Efficient & Effective .
A reliable Partner for fund security and distribution. Catler have many customised option for fund distribution among the beneficiaries. And I also liked the features like, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort, They understand if someting is urgent or critical and team is always responsive..