What Is Skrill?
Formerly known as Moneybookers and founded in the UK in 2001, Skrill has become one of the major international online payment systems. The company provides services for businesses and individuals. Skrill supports numerous deposit methods, including credit and debit cards, cryptocurrency, and e-wallets. The payment system works across 120 countries. Moreover, the Skrill e-wallet supports forty currencies, including INR, which saves Indian gamblers from exchange charges.
Considering the system’s flawless reputation, you won’t have trouble finding an Indian online casino accepting Skrill. In fact, most gambling sites will let you deposit and withdraw funds using Skrill. But before you jump at the chance, you should learn about the benefits as well as the drawbacks of this choice.
Pros and Cons of Using Skrill in Online Casinos
Pros:
- You get to choose among dozens of reputable Skrill casinos
- The deposits are instantaneous
- Skrill wallet supports payments in Indian Rupees
- All Skrill transactions are 100% secure
- You can access Skrill through Android or iOS smartphone or the web app
Cons:
- Some Indian banks may not allow you to use credit card deposits for gambling
- Withdrawals require you to go through the identification process
- Withdrawals take up to 2 days
- Deposits and withdrawals are subject to fees up to 2.5%
How to Deposit with Skrill
Considering the popularity of the payment system, Skrill casinos in India make it easy to deposit funds as long as you have an active Skrill account:
- Log into your casino account and go to the deposit tab.
- Input the desired deposit sum within the limits.
- Choose Skrill as your payment method.
- Follow the cues to input your Skrill credentials and confirm the payment.
While depositing funds from Skrill to online casinos is simple, adding money to your e-wallet can be challenging. Whenever you send money from your bank account to Skrill, you need to specify if the funds are available for payments on gambling sites. Non-gambling funds cannot be used as casino deposits, and some Indian banks block money transfers to Skrill if you check the “gambling” box. If you have no luck shifting gambling money from your bank account to Skrill, consider using other deposit methods.
How to Withdraw with Skrill
Withdrawing your Skrill betting winnings to your e-wallet is easier than depositing funds on a casino website. It takes a few simple steps:
- Log into your casino account and go to the withdrawal tab.
- Input the desired withdrawal amount within acceptable limits.
- Choose Skrill as your payment method.
- Follow the system cues to provide credentials and confirm the payment.
Depending on the payment method used by the gambling site, it can take up to two days to process your withdrawal request. Most casinos will also require you to undergo the identification procedure before delivering your winnings. To expedite the process, fulfill the Know Your Customer (KYC) requirements in advance.
Is Skrill Safe?
Compared to sharing your bank card data online, Skrill gambling is the epitome of security. The company falls under the regulations of the Central Bank of Ireland. It relies on cutting-edge FinTech solutions to ensure fast and secure processing of local and international transactions in many currencies. There’s little to no chance of anyone getting unauthorized access to your Skrill account as long as you use common sense and follow basic online safety rules.
What Are Skrill Fees?
Unlike other online payment systems (Paytm or PhonePe), Skrill does have deposit and withdrawal fees, though the exact sum depends on the type of transaction. For example, you will not be subject to Skrill casino fees if the casino uses international bank transfers to deliver your winnings. But if you want to deposit money from your bank account to Skrill, you’ll have to cover a 2.5% charge. Withdrawal from Skrill to your bank account is even more costly, with a fee of up to 7.5% for MasterCard or 3.5% for Neteller. You should check out the Skrill Fees and Charges page for Indian users to learn more.
Alternatives to Skrill for Indian Gamblers
Paytm
If none of the best Skrill casinos online suit your needs, consider using gambling sites that support Paytm. The Indian payment system is well-known and safe. It comes with no extra fees or charges. However, while deposits are instantaneous, withdrawals can take a few days. Most online casinos are based outside India and use alternative methods for delivering your winnings to your Paytm account.
PhonePe
PhonePe is another solid alternative to popular Skrill casinos live in India. The local payment system is secure and charge-free, like Paytm. And it comes with a few extra features for investing and insurance. The app supports multiple Indian languages and is available on desktop and Android and iOS smartphones. The online casino deposits are lightning-fast, but withdrawals can be lengthy.
Cryptocurrency
Bitcoin and other crypto wallets are not as common among Indian online casinos as Skrill, Paytm, or PhonePe. However, the transactions, including withdrawals, are faster. The processing charges are present but minimal. On the downside, cryptocurrency volatility makes this payment method unpredictable and therefore unsuitable for most casual gamblers.
Conclusion
Despite the fees and certain limitations for Indian gamblers, Skrill remains a popular payment system for deposits and withdrawals. As long as you go through the identification process and pay attention to the charges, you won’t be disappointed if you choose Skrill as your go-to payment method. And we’ll gladly help you find the best Skrill casino site for Indian players to make the most of generous signup bonuses.
