The popularity of online gaming is on the rise in India, thanks to affordable smartphones and cheaper high-speed data. For online games like betting and gambling, as well as for various other online payments, Indians are learning more and more about digital wallets like Skrill. While for most Indians, Skrill might be a new name, but it is one of the most reputed e-wallets in the world. Is skrill safe in India?
Read on to find out what we think.
Is skrill safe in India?
Yes, Skrill is absolutely safe to use in India. The company was established in 2001 in England and is regulated by the Financial Conduct Authority, which regularly audits companies to ensure their financial stability, as well as has strict compliance rules which ensure the safety of user money.
The company uses industry-standard 128 bit SSL encryption to ensure the safety of all the personal and financial data exchanged with the website. Any payments or transfers made by using Skrill require two-step authentication, by entering a unique code sent to the customer’s mobile number or e-mail address.
The website has stringent verification rules, wherein customers are required to submit documents like passport, driving license, and proof of address, so that it can be ensured that funds are transferred as intended, without any hiccups.
Skrill offers an additional security feature, known as PIN authentication, whereby a user is required to enter a 6 digit PIN as a second level of security while logging in to your account, or while completing transactions.
Is skrill safe in India? Skrill is a great way of making online payments on international sites from India. You can deposit money in Indian Rupees, and make payments in more than 40 different currencies. You can also transfer funds to international bank accounts, or receive funds in your Skrill account, from anywhere in the world, absolutely free.
It is also a great way of keeping your betting and gambling payments discreet, and you will not be required to reveal your card or bank details on each and every website that you make payments on.