Online betting is still in its infancy compared to traditional gambling and people are still exploring what is the best way to gamble online.
A major aspect of this journey is how to handle your monetary transactions in this new sphere. For young people, this might seem like a pretty self-evident question, but some are really struggling to manage their money online.
When it comes to your money, it is reasonable to be cautious and hesitant to share your bank details with a site you might have never heard of before. This is where we can help, by providing you with legal and safe sites to gamble online. But there are some other tools that can help you along the way – such as NETELLER and Skrill.
In this article, we will be exploring these two eWallets with regards to their features and how they can be used for online gambling. In some parts, we will be referring to these as the same, as they share many common characteristics and are in fact owned by the same company, Paysafe.
What is NETELLER?
NETELLER is an online money transfer service that can be employed for safe, fast, and secure transactions. It is part of the Paysafe Group, which has incorporated under its wings both NETELLER and Skrill – as well as the classic Paysafecard method.
NETELLER was pioneered in 1999 and is not operating under a central bank. It is an e-wallet that holds the money of all its users and has the ability to return funds at once at any given moment. This makes it one of the safest places to save your money.
NETELLER is mostly used for online transactions and all major sports betting and casino websites in India offer it as both a deposit and withdrawal solution.
What is Skrill?
Skrill’s previous name used to be Moneybookers, and it is also an e-wallet handling monetary transactions online for its users.
Skrill allows its users to have more than one currency in the same account and offers a prepaid card in different currencies.
Alongside its previous competitor and now ally, NETELLER, it is amongst the most widely used eWallet today.
How can NETELLER and Skrill Help me?
In the last 20 years, eWallets have gained popularity following the success of PayPal which allowed people to safely conduct online transactions.
To bet online you need to register and to play with real money at a casino, you have to move some of your personal funds into your casino account. To do this, there are many different payment methods, including eWallets.
Skrill and NETELLER are amongst the best ones to use since they are accepted by almost all online casinos and sports sites – across the whole world. The ability to also have funds in different currencies means that you won’t have to pay any fees to the bank or the casino for performing any transactions for you.
Another reason people prefer to use payment methods like Skrill and NETELLER is to avoid sharing their personal bank details with each online casino they choose to register on.
Depositing Using Skrill & NETELLER
Most online casinos could also be called Skrill casinos or NETELLER casinos since these payment methods are accepted by most sites and are enjoyed by the sheer majority of players.
To deposit on a casino using any of the above methods you must follow these steps:
- Sign up at the online casino of your choice (choose one from our list below to be certain it accepts the above two methods)
- Select Skrill or NETELLER as your deposit method (enter the amount you want to deposit and follow any further instructions)
- After a few seconds, the money will be in your account and you are good to start betting
An obvious fact that we did not state above is that you would have to first transfer some funds from your personal bank account to your Skrill or NETELLER account. There are various ways to do this, including bank transfers and credit/debit cards.
Withdrawing Funds with Skrill & NETELLER
Did you bet your money enough times to beat the wagering requirements of the casino and still made some solid profit? Then, it is time to withdraw your funds and invest them the next time you are ready to gamble.
To get your winnings moved from the casino back to your Skrill or NETELLER account, you must follow the steps below:
- Click on the Skrill/NETELLER withdrawal option; this can be found on the cashier tab
- Key in the amount you wish to withdraw from your casino balance and confirm your choice
- Login to your Skrill/NETELLER account
- Wait for the transfer to show on your Skrill/NETELLER account
Casino withdrawals with Skrill and NETELLER are usually instant once the betting site has approved your withdrawal transaction.
Casino Sites Accepting Skrill & NETELLER Payments
If you read the above and have already set up a Skrill or NETELLER account, then you just have to read below to identify the best casino sites in India accepting these deposit methods.
Royal Panda
Royal Panda is a great site that is available in India and accepts both Skrill and NETELLER. Minimum deposits with both methods stand at INR 1,000, while the maximum deposit with Skrill is INR 10,000 and with NETELLER it is INR 15,000.
Now that you read all of the above, you can make your first deposit easily and start gambling online.
