Choosing the right online payments option when playing at betting sites or casinos in India is not easy, but Skrill is one of the best choices available.
The e-wallet, which is one of the best-known names within the world of online payments, is available in over 200 countries and India is included on this long list.
There are pros and cons to using Skrill from India, of course, and we will cover those and more in our complete guide to using Skrill from India.
Skrill is owned by the company Paysafe. Paysafe is a company that owns and operates several different financial services and e-wallet companies such as Skrill, Neteller, and Paysafecard.
E-Wallets are essential for all Indian residents that are looking to gamble legally from India, on safe and secure gambling sites. Skrill is one of the best e-wallets out there and widely accepted on almost all legal betting sites available to customers from India.
Skrill is a trusted eWallet that has been around since 2001 and is used by over 30 million people worldwide. You can send and receive money, store cards and link bank accounts for quick and secure payments, especially when depositing and withdrawing money from gambling sites. Your deposits will go through instantly (no fees) and withdrawals are faster than other methods, usually processing between 0-24 hours.
Some people with experience in using e-wallets may know Skrill by a different name. The company used to trade as Moneybookers but has now been called Skrill for some time.
Additionally, while Skrill and Neteller used to be two of the biggest rivals in a competitive industry, they are now a part of the same company.
Skrill employs more than 500 people around the world and uses a lot of partnerships in order to build a brand identity. Among these deals is the fact that Skrill has now been announced as the official global payments partner of Serie A football club AC Milan.
With around 40 supported currencies available, Skrill is truly a global payments option. With rupees included on the list, Indians do not have to worry about breaking currency laws.
Skrill has been running for around 20 years, so it has a long and proud history as one of the most dominant companies in the world of e-wallets.
Skrill is free for personal use as long as you log in or make a transaction every 12 months. Otherwise, you will be charged a service fee of EUR 5.00 each month from the funds in your account.
Creating a Skrill account from India is quick and easy.
After deciding which online casino or betting site to use in India, the next step is to make sure Skrill is included on the list of the payment options that are available.
Assuming this is the case, signing up for a Skrill account through the company's website is necessary in order to get up and running. Doing so is not complicated, but can take some time.
The form to sign up for a Skrill account is not too long, but there is also a verification process to go through. Users need to verify their email address before being able to use Skrill.
After signing up for a Skrill account, it is time to connect it to the betting site or online casino that is being used. This can be done through the cashier section of the site, with players needing to follow the on-screen instructions in order to link accounts and then make a deposit.
Before being able to place bets, depositing with Skrill is the next step for users to take on. This should be simple enough, with payments processed instantly through this popular method.
Head to the cashier section of the online casino or betting site you have chosen. This will prompt you to select the payment method that you want to use to make a deposit.
Decide how much money you want to deposit into the account, then enter your Skrill account details into the relevant box. It is as easy as that. The money should be available to use in your betting account right away.
It is almost as easy when withdrawing with Skrill, though some Indian online casinos and betting sites will first ask you to upload verification documents in order to prove your identity.
This is to prevent fraud but can be frustrating for users given it delays the process by which they can get their hands on their money.
Enter the cashier and input the amount of money you want to withdraw, then select the Skrill option. All being well, the withdrawal process should go through straight away and taking cash out of a betting account through Skrill is widely regarded as one of the fastest methods available.
Skrill has a lot of advantages when using it to gamble online. Here are some of its top pros:
Along with the pros named above, cons of using Skrill on a betting site in India include these:
As with any other available payment method for those joining Indian online casinos and betting sites, it is up to players to decide for themselves if the Skrill pros outweigh its cons or not.
Skrill accepts several payment methods and a wide range of currencies for uploading (depositing) withdrawing and transferring money.
Deposit to your Skrill Account (Fees)
Withdrawing Money (Fees)
Currency Conversion Fees
The terms and conditions of each online casino or betting site in India vary by a lot.
However, it is quite common for e-wallets such as Skrill to be on the list of payment methods that cannot be used to claim casino or betting bonuses.
Some players may therefore opt to use another payment method for their first deposit, before moving to Skrill later on.
As one of the top online payments companies in the world, Skrill is absolutely considered to be a very safe and secure method to make deposits and withdrawals at Indian betting sites.
One of the reasons for this is that players will not have to share any of their own personal banking information with the operator of the gambling site. Many people prefer to avoid this.
Deposits and withdrawals at most online gambling sites in India are subject to minimum and maximum limits for the majority of online payment methods, with Skrill no different.
Most people will find that the minimum and maximum limits in place for Skrill do not have a big impact on the way they use their chosen online casino or sports betting site in India.
Skrill's own website is the best place to sign up for an account with this e-wallet, which can then be used at the majority of the online casinos and betting sites that are available in India.
The process should not take too long to go through at all, so those looking to place a bet on the latest sporting event will likely be up and running with their Skrill account in just a few minutes.