Skrill as a payment service is available for Indian users and 100% legal. Even more than that, Skrill is the most popular payment method for funding online betting accounts. One of the main reasons for being so popular among Indian punters is the possibility of setting up an account in INR which makes the entire process a lot simpler without having to worry about currency exchange fees. Betting at an online bookmaker that offers INR as a currency will transform your betting experience and allow you to fully enjoy this thrilling activity.
Why Should I Use Skrill in India for Online Betting?
Now that you know the answer to the question ‘Is Skrill available in India?’, let’s take a look at the advantages you get when using Skrill to place your online bets.
- Unlike multiple other payment options like Visa, MasterCard or Bank Transfer, Skrill can be used on betting sites in India.
- You can set the currency in Skrill to rupees and avoid any kind of exchange fees or difficulty when it comes to withdrawing to your account.
- You will be able to claim both standard welcome offers and special deals offered by 1XBet bookmaker that applies an extra 5% cashback bonus. Other great bonuses await for you at Bet365 or Royal Panda where you can use Skrill to top up your account.
Is Skrill Secure and Safe in India?
Straight up answering this question, the answer is yes. Skrill is both secure and safe for deposits and withdrawals. First of all, judging from a legislative point of view, Skrill gives you the privacy needed to make sure you never get on the authorities’ radar for gambling online. All your transcripts will show that you are transferring funds towards the UK, so you are covered in the extremely rare case you are being asked for details. Secondly, the two-factor authentication that Moneybookers India provides makes it impossible for any third parties to access your account. You just need to add Google Authenticator to your phone.
Is Skrill Legal in India?
On the list of territories that can open a Skrill Account, India holds one of the first positions. So, you are free to create your free Skrill account in perfect legality. Apart from that, you can also request a Skrill card in India that you can use for online shopping or at brick and mortar stores as well so that you won’t need to withdraw your funds to an Indian bank account.
Funding Your Bookmaker Account with Skrill in India
Most of you are interested in knowing the Skrill India fees applied on the deposits at online betting sites and how the entire process of funding your Skrill account goes. That’s precisely what we’re going to cover in the next section.
Wondering which Indian bank supports Skrill? you will be pleased to hear that most allow you to transfer funds to Skrill. No matter if you have an account at the State Bank of India, ICICI Bank, Punjab National Bank or SBI, you will be able to transfer funds to Skrill without a fee. We’ll share more info on how to transfer money from Skrill to a bank account in India in this article.
In case you wish to use Paytm to fund your Skrill account, you should know that there’s no direct way of doing it. You can do it by adding one extra step to the transfer, namely adding the funds from Paytm to Neteller and then transfer them on Skrill.
How to Withdraw Money from Skrill in India
There are multiple ways of cashing out your funds from Skrill. The first option is to withdraw your funds directly to a bank account or a credit/debit card. The fee applies stands at 7.5% for withdrawing on a card and fixed commission of 380 rupees for a bank transfer.
However, when you request Skrill withdrawal to an Indian bank account or card there’s a possibility that the transaction will be audited by the government, asking for the source of the funds. That’s why withdrawing funds from Skrill to an Indian bank account should be considered your last resort.
Instead, you can request a Skrill pre-paid card or transfer the funds to Neteller. You only need to pay the equivalent Skrill withdrawal fee applied to India, and you are good to go. The charge sits at 2.5 % and the transfer is instant.
Betting Through Skrill with Rupees Online in India
It makes perfect sense to bet using rupees since it’s so easy to send your rupees to Skrill and access online bookmakers that offer this currency as well. This is the ideal betting environment since you don’t have to think about conversion fees, your transfers are instant, and you’re not going to have additional charges on withdrawals. Bet365, 1XBet, Βetrally or Royal Panda are some excellent examples of bookies where you can use Skrill to rupees for an exceptional betting experience.
Skrill Compared to Other Methods in India
No matter if we’re talking about how to withdraw from Skrill in India or other aspects like fees or processing time, it’s crystal clear that this is the best payment option for Indian punters. Even compared to other ewallets like Neteller or PayPal, Skrill still holds the upper hand.
Skrill vs Neteller India
Skrill is very similar to Neteller since they’re owned by the same company, Paysafe Group. Both ewallets are widely available at online bookmakers and have similar fees on deposits and withdrawals alike. To sum things up, Skrill vs Neteller India fees stay at 1% for Skrill and 2.5% for Neteller.
Skrill vs PayPal India
For an Indian punter, Skrill is better than PayPal first of all due to its acceptance by the majority of bookmakers. You won’t find many betting sites offering PayPal, but Skrill is everywhere. When you compare fees added by PayPal, you will see that the 2.9% plus another fixed fee, you quickly understand why Skrill is the best option for you.
As gambling in India is technically illegal the only safe way to deposit online is through Skrill and Neteller. We highly suggest avoiding betting with credit cards or bank transfers in order to keep your anonymity while gambling online. So just open an account and enjoy!
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