Skrill Money Transfers India: Your full guide


Skrill money transfer service is available for sending money once you have opened a Skrill account. This transfer service lets you send money directly to a friend or family member’s bank account. If you are looking to send money to a fellow Skrill account holder, then you can easily do so with a Skrill digital wallet. You can then use the wallet to move money and make payments internationally¹. The wallet, however, does require a maintenance fee.

Skrill is a digital payment and wallet platform based in London that helps people and businesses send and receive money in 40 different currencies. It is FCA regulated and offers an assortment of services for payments, money transfers, cryptocurrency, and gaming. Skrill does not operate services for the US at the time of this article’s posting². For this article, we will look specifically at Skrill for receiving and sending money in India.

Not looking to maintain a wallet to make your transactions to India? Wise is super easy to use and lets you move money as much or as little as you want. With just a few easy clicks, you can send a large amount monthly or annually.

Receive money internationally with Skrill

The Skrill process is fully online, so there aren’t any physical locations or cash pickup options available. You can get deposits directly into a bank account or sign up for a Skrill digital wallet to then move the funds into your bank account or use on Skrill.

Sign-up and process with Skrill

You can receive international money transfers from Skrill directly into your bank account. Make sure your sender has the personal information required to send the transfer. This includes, but not limited to, your name, address, date of birth, email address, phone number, and bank details.

To receive money from abroad through the Skrill wallet, you will need to open the email sent from Skrill to your email address about the transaction and sign up for the Skrill digital wallet. It only takes a few minutes. The money should be available in your digital wallet to then keep and use³. Skrill has 15,000 merchant partners where you can then spend from your Skrill wallet without any charges⁴. You can then move those funds into your own bank account.

The benefit of the digital wallet is that you wouldn’t have to share your personal details with the sender and they could send it to you using your email address.

For residents of certain Eurozone countries, Skrill also offers a VISA or Mastercard that is linked directly to your Skrill wallet that you can use for daily purchases. Depending on the country, you may need to verify your identity before receiving the transferred funds. Skrill will provide details on how to do so if applicable.

Fees and charges to receive money with Skrill

There are no fees to receive money into your bank account or to sign up.

But if you are receiving funds into a Skrill wallet you will have to pay a fee to transfer the money from the wallet into a local bank account. The processing fee to do this is 5.50 EUR (or the account currency equivalent).

For receiving money in a currency other than your sender’s currency, Skrill adds a 3.99% fee to the exchange rate.⁵

If you are making a purchase with one of the merchants on Skrill using your wallet, the transaction is free of charge. However, check to see if the merchant has any charges.

How much time does it take to receive money with Skrill

If the transaction is being deposited into your bank account it should take anywhere from 1-3 days depending on your bank.

Receiving money from within Skrill is quite fast and the transaction is typically executed instantly.

Depending on the country to which you are withdrawing, withdrawing the funds from your digital wallet to your bank account may take from less than 1 day to 5 business days to arrive. When you initiate a bank withdrawal, the processing time frame will be displayed to you.⁶

Wise can be a smarter option for receiving money to India. It is a simple and transparent process to make things easier for you and the sender. As you’ll see later in this article, there are fees that are added in by Skrill to the sender when doing a transaction and maintaining an account. Wise instead gives you all the fees and charges upfront, so nothing will be a surprise. And with it’s easy to use app and awesome customer service, it is there for you every step of the way to simply make sure you get the best deal for transferring money.

Send money abroad with Skrill

You will need to register an account on the Skrill site to start the process of sending money abroad. Once you've registered, you’ll be able to take advantage of the full range of Skrill's features.

Skrill is only able to provide international money transfers for India, so Skrill cannot be used to send money domestically. You can, however, send money from India to other countries.⁷

Sign-up and process to send money with Skrill

If you don’t have a Skrill account, this is how you set it up⁸-

  1. Go to Skrill money transfer and select the amount you wish to send and the recipient’s country. You’ll see the real-time currency conversion amount.
  2. Click on ‘Get Started’ to be redirected to a Sign-Up page. You will be prompted to enter your email, your personal information and choose a password.
  3. Your free Skrill account is then automatically created for you. It will default to the currency you had chosen when initiating the transfer in Step 1.
  4. Next, confirm who are you sending money to. You will be asked to provide the recipient’s name, bank account, and details.
  5. Choose one of the available payment options to complete the transfer.

If you already have a Skrill account, you will just need to log-in and access the Skrill money transfer section. Enter in your payment instructions which include the amount of money you wish to send and the currency. You’ll be asked to provide your recipient's details which include the country in which they reside. Choose one of the available payment options and complete the transfer⁹.

Once completed, you will see the transaction under the 'Transaction History' section of your Skrill account. To note, you can not use your Skrill account balance to make a payment with Skrill Money Transfer¹⁰.

Payment can be done for all countries by using a Visa or Mastercard. Skrill has some bank transfer options if the transaction is originating in select countries in the Eurozone¹¹. US-issued cards cannot be used to fund Skrill Money transfer payments¹².

Similar to Wise, Skrill also uses the mid-market exchange rate. This is the rate that banks and service providers use themselves and the same rate you see on Google. The mid-market exchange rate is typically the strongest market rate out there.

Skrill Transfer Limit

There are transaction limits on Skrill Money Transfers but it depends on the status of your Skrill account, your payment method, country of residence and the country to which the funds are being sent. Overall, some may find the transfer limits to be higher than other money transfer providers.

Charges and fees to send money with Skrill

Depending on the country of origin, there may be no transfer fees. Sending money can be free, but it will depend on your unique transaction country, recipient and payment method¹³. Charges also come in other forms with Skrill.

If you send money in a currency that is different from the one of your accounts, an additional currency conversion fee of 3.99% will be deducted from the sending and receiving amount14.

You will need to make at least 1 transaction a year to keep your Skrill account free, otherwise, you will be charged a monthly service fee of 5 Euro (or account currency equivalent). The maintenance fee will be deducted monthly from the available funds in your account until your balance is zero. Skrill will not charge your credit card or bank account and will not cause your account to go into a negative balance. To avoid being charged a service fee, simply sign in to your Skrill account and make a transaction.¹⁵

How much time it takes to send money with Skrill

If you are using a debit or credit card to send money, the funds will be debited from your card and credited to the receiver’s account immediately. But if you are using a bank transfer, it can take 2-5 days for the amount to be credited in recipient's account.¹⁶

Check the status of money transfer

Skrill is able to start the process for transactions instantly so it provides an automatic summary on the screen and sends it to your registered email address. A list of your money transfers will be available under ‘My Transfers’.

Customer support in case transactions are stuck

Skrill has a customer support team that is available 24/7 phone or email, and an interactive FAQ section to help you troubleshoot any issues.

Looking for clarity on your fee charges with less hassle? See exactly what your recipient will get with Wise. Wise pulls directly from the payment method you choose and without conversion or maintenance fees. Life is busy as it is, let Wise make it easier.

A cheap, fast and transparent alternative: Wise

Skrill can be a very attractive platform to move money, especially for e-commerce, cryptocurrencies and gaming/ betting. However, for pure international money transfers, there are numerous options that win out in terms of ease, process, and fees. Take a look at Wise’s comparison calculator to see how much you could save with other money service providers before you start your transaction. Sometimes Wise may not be the cheapest out there, but we’ll make sure you know that up front.

But you may find Wise an easier way to send money to India, especially if you are in the US. Wise is authorized and regulated by the RBI in India, so transferring your money to the country is completely safe. Take a look at how Wise helps Mathu, who has moved from India to Sydney, make sure she achieves her dream, while still supporting her family back home.

Sources used for this article

2, 7, 11
9, 10, 16,
13, 15

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.

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