While surfing across online gambling and sports betting sites, you might have come across Skrill as a payment method. Is Skrill legal in India? Can you use it for making deposits from India to such betting sites?
Is Skrill legal in India?
Yes, you can use Skrill legally in India. Not only that, Skrill allows you to make transactions using Indian rupees too.
Skrill is an international digital wallet that can be used to send and receive funds to and from international bank accounts, and also make payments on various websites, especially gambling and betting websites.
Gaming websites do not charge any fees for payments made with Skrill, and the transactions are conducted instantly so that you do not have to wait for days to receive funds in your betting account.
Creating an account is absolutely free, and you can load up your Skrill account using bank transfers, or a debit/credit card. The charges for depositing money in your Skrill account is usually 2.5%.
You can also transfer money from your betting account to Skrill, or receive transfers from other international accounts, free of charge. You can then withdraw money from your Skrill account to your bank account at a charge of approximately ₹500.
Benefits of using Skrill
Is Skrill legal in India? One of the biggest benefits of using Skrill is that it is easy to use, and accepted by most major betting and gambling sites. You can make and receive payments in Indian rupees, which saves you from potential conversion losses.
If at all a site does not accept Indian rupees, you can make payments in more than 40 different currencies, which can be directly paid from Skrill by paying a conversion charge.
Skrill is one of the safest ways to make payments on international websites, as you need not disclose your bank or card details. You can also store money in your Skrill wallet for future use.