Skrill is a payment service 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 players 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 activity and allow you to enjoy some thrilling action fully.
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 look at the advantages you get when using Skrill to place your online bets.
- Instant deposits and speedy withdrawals with no fees.
- You can set the currency in Skrill to rupees and avoid any 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 on most Indian betting sites.
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 will be asked for details. Secondly, the two-factor authentication that Moneybookers India provides makes it impossible for any third party to access your account. You 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. Moreover, Skrill is a company incorporated under the laws of England and Wales, authorized by the Financial Conduct Authority (FCA). So, you are free to create your Skrill account in perfect legality.
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 your Skrill account's entire funding process 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. Occasionally have been reported some issues with ICICI Bank and AXIS Bank. Although, there is a 2.5% charge every time you upload funds to your Skrill.
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 through a third party. Then adding the funds from Paytm to Skrill. Moreover, that applies high fees from 17% to 20% for any transaction.
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 a fixed commission of 415.60 rupees for a bank transfer. At the same time, the processing time will be from 2 up to 5 days.
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 prepaid 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 easy to send your rupees to Skrill and access online bookmakers that offer this currency. 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 excellent examples of bookies where you can use Skrill to rupees for exceptional betting action.
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 wallets like Neteller or Paytm, Skrill still holds the upper hand.
Skrill vs Neteller India
Skrill is very similar to Neteller since the same company, Paysafe Group, owns them. Both wallets 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. Paytm India
Paytm is one of the most popular payment methods in India. Paytm and Skrill both offer instant payments and local currency to Indian players. However, the withdrawal fees on Paytm are much higher (4%) than Skrill. Also, even though Paytm gives the opportunity to connect your account with other payment methods, charges are really high (20%).
As the legislation regarding gambling in India is different from state to state, Skrill is one of the safest ways to deposit online. We highly suggest avoiding betting with credit cards or bank transfers to keep your anonymity while gambling online. Using Skrill when you are betting will enhance your activity since it offers many benefits.
Without any hesitation the answer is yes. Skrill is an online payment method which operates under Paysafe Payment Solutions Limited and it is totally legal in India.
Despite the fact that Skrill prepaid card is a really good solution for anyone who holds a Skrill account, at this very moment, it is not available for Indian players.
Skrill provides you the possibility to send money to your personal bank account. Although you need to take under consideration the fact that this may apply fees depends on the bank.
The most common way to deposit to your Skrill account in India is via your credit /debit card or through your bank account. The processing time via bank transfer is 2 to 5 days and instantly by your card.