How long does it take to transfer from Paytm to Skrill?

Transferring money from Paytm to Skrill typically involves a third-party exchanger like ChangeBuz, as direct transfers are not supported. The processing time depends on the exchanger, payment method, and verification status. Here's a breakdown:

• Using ChangeBuz:
  • Standard Processing Time: Transfers usually take 40 minutes to complete, from initiating the transfer on ChangeBuz to funds appearing in your Skrill account.
  • Faster Transactions: Some transfers, especially to major banks or with pre-verified accounts, can process in as little as 4–24 hours.
  • Steps Impacting Time:
    1. Payment to ChangeBuz: Paying from Paytm to ChangeBuz via UPI or bank transfer is instant or takes up to 1 hour.
    2. ChangeBuz Processing: ChangeBuz typically processes the exchange within 1–12 hours, depending on their queue and verification needs.
    3. Skrill Crediting: Once ChangeBuz sends funds to Skrill, crediting takes 40 minutes, though it can be faster (within hours) for verified Skrill accounts.
• Factors Affecting Speed:
  • Verification: If Skrill or ChangeBuz requires KYC (e.g., ID or address proof), it may add 1–3 days for first-time users. Pre-verified accounts face no delays.
  • Amount Size: Larger amounts (e.g., $1,000+ or ₹83,000+) may undergo additional checks, potentially extending processing to 24 hours.
  • Payment Method: UPI or Paytm wallet transfers to ChangeBuz are faster (instant to 1 hour) than bank transfers, which may take 3-5 days.
  • Time of Initiation: Transfers started outside business hours or on weekends/holidays may take longer due to bank or exchanger processing schedules.
• Example Timeline (for a $500 transfer using ChangeBuz):
  • Day 1, 10 AM: Initiate transfer on ChangeBuz and pay via Paytm UPI (instant).
  • Day 1, 2 PM: ChangeBuz processes and sends funds to Skrill (4 hours).
  • Day 2, AM: Funds credited to Skrill (within 24 hours).
  • Total: ~1–2 days, assuming no verification delays.

For the fastest transfer:

• Use ChangeBuz for their 4-hour processing.
• Ensure Paytm and Skrill accounts are fully verified.
• Pay via UPI or Paytm wallet to avoid bank delays.
• Initiate transfers during business hours (Monday–Friday).

Always check ChangeBuz's estimated processing time during the transaction and contact their support for large or urgent transfers to expedite processing.