Skrill betting sites are one of the most convenient options for Indian bettors. As a result of gambling laws in India, punters can often find it difficult to find a payment method suitable for them. However, Skrill is an option that should meet the needs of most customers, as it’s not much of a challenge to find betting sites that accept Skrill today.
Established back in 2001, Skrill is now synonymous with the gambling industry. With an excellent reputation surrounding safety and the speed of payments, Skrill is one of the most popular methods of payment at betting sites. This page will outline exactly how to play at Skrill bookmakers, including its benefits and limitations.
Skrill Betting Sites India
It’s obvious why Skrill has become so popular when it comes to betting sites online. Both deposits and withdrawals are processed quickly and discreetly, while exclusive betting promotions are available from time to time. Those with a Skrill wallet can wager at any time, from anywhere, whether operating on a desktop, mobile or tablet. Meanwhile, users can take advantage of 24/7 customer support, additional benefits and the Skrill VIP program.
Skrill is an increasingly popular method of payment in India, with a large number of sites for online sports betting catering for Indian customers having introduced the wallet system over the years. Skrill’s popularity can also be attributed to the fact that it offers some of the lowest fees among the available e-wallets, while transactions are also processed quickly and safely.
They processes payments directly in Indian Rupees, meaning that there are no conversion fees to worry about. Skrill is 100% legal in India, however player to player payments have been restricted since October 14, 2020.
What Is Skrill?
Formally known as Moneybookers, Skrill is an e-commerce platform which processes payments online. Owned by Skrill Limited, Skrill is based in the United Kingdom, regulated by the Financial Conduct Authority and licensed by the European Economic Area. Skrill is part of the Paysafe Group, which also operates Netelller and Paysafecard. You can read more about Neteller betting sites and Paysafecard betting if you want to read up on the topics.
Skrill supports payments in over 40 different currencies, including Indian Rupees, US Dollars and British Pounds. Skrill has over 500 employees, while they have recently became the official payment partner of Italian soccer team AC Milan.
How Does Skrill Work?
Skrill is an e-wallet style platform that delivers secure, fast and convenient online payments. Those opening an account with Skrill can make payments at a host of online merchants, including betting sites that accept Skrill. Just a mobile number or email address is required to process payments, with most transactions being processed instantly. Skrill is also a good option for those looking to buy and sell using cryptocurrencies. If you wish to play at crypto betting sites, you can use Skrill to buy your cryptocurrency.
A Skrill prepaid Mastercard and Skrill Virtual card can now also be opened, while Skrill is a platform that also be used to withdraw funds. Those with a Skrill account can also add a secondary account balance in a different currency, helping users to avoid conversion fees. Loyalty, VIP and Ambassador schemes are also on offer at Skrill, offering additional rewards to customers.
History of Skrill
Skrill was founded in 2001 in the UK, with the initially goal having been to provide an alternative to ATM or Mastercard. Having been known as Moneybookers initially, Skrill was born in 2013, with the company having already attracted a significant customer base by this point. Skrill was acquired by the Paysafe Group in 2015, helping it to expand yet further.
Skrill is now available in over 200 different countries, including India, with over 40 million users across the globe. Skrill has picked up many industry awards over the years, including the Deloitte Technology Fast 50 Award and the EGP B2B Award. Skrill is now a name that is well-known in the gambling industry, with a huge number of bookmakers and online casinos accepting payments in this way.
Skrill Bookmakers Pros & Cons
For those still weighing up whether Skrill is for them, we have put together the main advantages and disadvantages of the payment method. Below are the pros and cons of Skrill, based on our experiences:
Pros
- Speed – Skrill offers some of the fastest online payments around. Deposits at betting sites are instant, while withdrawals are generally processed in under 24 hours.
- Security – The fact that punters are not required to enter their bank card details on their betting account adds another layer of protection. Meanwhile, Skrill uses SSL encryption and other security tools to guard against fraud.
- Currencies – Skrill accepts a host of different currencies, including Indian Rupees. Meanwhile, for times when conversion is required, fees are minimal.
- Availability – Punters can download an account at Skrill in just a matter of minutes. Meanwhile, almost all bookies catering for punters in India can deposit and withdraw funds in this way nowadays.
Cons
- Bonuses – Unfortunately, many betting sites offering a welcome bonus or free bet offer will state in their terms and conditions that deposits made via Skrill will not qualify.
- Fees – Fees may be incurred when processing payments via Skrill. Fees are imposed on transactions between two Skrill accounts, while some withdrawals will be charged too.
Skrill Casino India
You will find that most bookmakers that accept Skrill also have a nice casino section available for playing. You can play all casino games of your choosing, and finding a good Skrill casino India is just as easy as finding betting sites. Nearly all of the online casino sites will have Skrill as one of their payment options, so you rarely need to look for other options.
The only downside to Skrill casinos is that you can’t claim casino bonuses using this payment option. Most online casinos will make you eligible for a bonus when making a Skrill deposit.
How to Deposit and Withdraw Using Skrill
As we have already mentioned, both deposits and withdrawals are available via Skrill betting sites. As a result, we have put together the following step by step guides for the two different options:
Skrill Deposits
- Visit the Skrill website or download the Skrill mobile app.
- Sign up for a new account, a process we will outline in detail later on.
- Enter your chosen betting site and log in.
- Enter the cashier page and select the deposit option.
- Select Skrill as your chosen method of payment and enter the amount you wish to deposit.
- On the pop-up page, sign in to your Skrill account using the relevant details.
- Confirm the deposit.
Skrill Withdrawals:
The process is very similar when it comes to taking home winnings made at betting sites using Skrill. However, there are some important factors to take into consideration. Punters can withdraw funds directly to their bank account or bank card, which is likely to incur a fee of up to 7.5%.
Meanwhile, withdrawals to Indian bank accounts may be audited by the government, with punters having to then declare the source of the funds. In order to overcome this issue, a Skrill prepaid card can be used.
How to Open a Skrill Account
Before you can start making payments using Skrill, an account must be set up. So, in order to open a Skrill account, follow these simple steps:
- Enter the Skrill website or download the Skrill mobile app.
- Select the “Register” option, found in the top right-hand corner of the page.
- Fill out the registration form, including your full name, location and currency.
- Enter your email address and chose a memorable password.
- Select either a personal or business account.
- Agree to the terms and conditions.
- Confirm your new account and verify it via email to start making payments.
Is Using Skrill Safe?
Simply put, the answer to this question is yes. Skrill is fully licensed and regulated by trusted authorities, while it is completely legal in India too. Two-factor authentication is used to fend off third parties, while mobile users can add Google Authenticator to their device to add another layer of protection. Meanwhile, 128-bit encryption, certified by VeriSign, is used to guard against fraudulent activity, while each payment is analyzed.
Skrill Fees
One of the potential limitations of Skrill is the fees involved. Fees can be incurred when funding your Skrill account, converting currency, withdrawing funds and for extended inactivity. In fact, those failing to log in for over 12 months will be charged INR 415.60 per month. However, generally speaking, depositing and withdrawing at betting sites is free. This varies between bookies, however most will cover the costs involved. The upload fee is around 2.5%, while the withdrawal fee is INR 415.60, while Skrill adds 3.99% to wholesale exchange rates.
Alternatives to Skrill
Skrill is a method of payment chosen by many betting customers nowadays, however it will not suit the needs of all. If you have not liked everything in which you have read about Skrill on this page, then be sure to check out the following alternatives:
Tips for Sports Betting Skrill
Those who use Skrill effectively can get a lot out of the payment method. So, our experts have put together the following tips, which have been drawn up to maximize your experience:
- If you have any concerns or questions regarding Skrill and its services, be sure to contact the platforms customer service team, which is available 24/7. In our experience, their support team is very knowledgeable and helpful.
- Be sure to verify your payment method as quickly as possible. Doing so will mean that deposit and withdrawal limits are as large as possible.
- With customers incurring a fee when withdrawing funds from their account, be sure to only do so when you need to. There is nothing wrong with seeing your account balance grow, with Skrill being available to use to make purchases elsewhere too.
- Be sure to look into the promotions available at Skrill. Their promotions page regularly delivers additional bonuses and rewards.
- Be sure to log in to your Skrill account at least once per year. Even if you have decided against using Skrill to make payments at betting sites, leaving inactive will bring about a fairly substantial fee each month.
Skrill Betting Sites Bottom Line
Skrill has long been one of the most popular payment methods for betting customers in India. Its convenience, speed and safety means that is should meet the needs of most punters, with the number of betting sites accepting payments in this way having increased dramatically too. Skrill allows for both deposits and withdrawals, with the fees being minimal.
With 24/7 support being available, along with payments in Indian Rupees, there really is very little to complain about at Skrill. So, be sure to check the e-wallet platform out for yourself, before deciding whether or not to open an account.
Bookmakers that Accept Skrill | FAQ
Is it safe to use Skrill for sports betting?
Yes. Skrill has built an excellent reputation when it comes to safety. SSL encryption technology is used to keep all details secure, while the fact that users are not required to upload their bank details to their betting account adds another layer of protection.
Do I Have to verify payments when using Skrill?
As with any reputable payment method, verification is required at Skrill. Firstly, users must upload a valid form of identification, whether it be a driving license, passport or ID card. Meanwhile, documents will be reviewed by Skrill before payments can be processed.
Will there be any fees added when I use Skrill?
Possibly, yes. We have outlined some of the potential fees when using Skrill at betting sites. However, the majority of deposits and withdrawals are available free of charge, with fees only being incurred for currency conversion and inactivity.
What do I do if my payment is declined?
Betting remains something of a grey area in India. As a result, payments may be declined every now and then. Upon this occurring, it may be that punters have to select a different payment option.
How long time will it take before my deposit is received by the betting site?
Deposits made using Skrill at betting sites are processed instantly. This means that funds will be available to bet with immediately.
How long time will it take before my withdrawal is received from the betting site?
Withdrawals at betting sites using Skrill are generally processed in under 24 hours, meaning that there are no frustrating waiting periods in order to get your hands on winnings.
Arjun Jindal | Last Modified: July 29, 2022
