How to Buy or Sell Skrill or Neteller in India in 2025

Buying or selling Skrill or Neteller funds in India is a common need for users engaged in online gaming, forex trading, or international transactions. Due to regulatory restrictions, direct transfers between these e-wallets and Indian bank accounts or other payment systems like Paytm are limited. This guide explains the best methods to buy or sell Skrill or Neteller funds in India, focusing on local bank transfers and trusted third-party exchangers like ChangeBuz.com, ensuring a secure, cost-effective process compliant with RBI regulations.

Why Direct Transactions Are Limited in India

Skrill and Neteller, both owned by Paysafe, are global e-wallets regulated by the Financial Conduct Authority (UK). In India, the Reserve Bank of India (RBI) imposes strict rules under the Foreign Exchange Management Act (FEMA), limiting direct deposits or withdrawals to certain e-wallets. As noted in online discussions, direct funding of #Skrill or #Neteller using Indian cards is often restricted, especially for gambling-related activities, pushing users to rely on bank transfers or exchangers.

Best Methods to Buy or Sell Skrill or Neteller in India

1. Local Bank Transfer (Most Reliable for Selling)

Selling Skrill or Neteller funds involves withdrawing to an Indian bank account, which is the most secure and cost-effective method.

Steps to Sell Skrill or Neteller Funds:

1. Log into Your Account: Access your Skrill (www.skrill.com) or Neteller (www.neteller.com) account. Ensure KYC verification is complete.
2. Select Bank Transfer: Go to “Withdraw” > “Bank Transfer” in the dashboard.
3. Add Bank Details: Enter your Indian bank account number, IFSC code, and bank name. Verify with a micro-deposit (2–5 days).
4. Initiate Withdrawal: Specify the amount (minimum ~$20 USD). Confirm with 2FA or Secure ID.
5. Receive Funds: Funds arrive in 2–5 business days. Skrill charges €5.50; Neteller charges ~$10 USD.

Key Points:

• Fees: Skrill: €5.50 flat fee; Neteller: ~$10 USD. Currency conversion fee of 3.99% applies for non-INR accounts (lower for VIP users).
• Processing Time: 2–5 business days.
• RBI Compliance: Large withdrawals (>₹50,00,000/year) may require Form A2.

2. Third-Party Exchangers Like ChangeBuz.com (For Buying or Selling)

For buying Skrill or Neteller funds (e.g., depositing INR to your e-wallet) or selling funds faster, trusted exchangers like ChangeBuz.com are a popular alternative. These platforms convert INR to Skrill/Neteller USD or vice versa.

Steps to Use ChangeBuz.com:

1. Visit ChangeBuz.com: Go to the official website and create an account.
2. Select Transaction Type: Choose “Buy Skrill/Neteller” (INR to e-wallet) or “Sell Skrill/Neteller” (e-wallet to INR).
3. Provide Details: For buying, share your Skrill/Neteller email; for selling, provide bank details (account number, IFSC) or UPI/Paytm details.
4. Make Payment: Transfer INR via UPI, IMPS, or Paytm for buying, or send e-wallet funds for selling. Share transaction proof.
5. Receive Funds: Buying: Funds credited to your e-wallet in 6–24 hours. Selling: INR sent to your bank/Paytm in 6–12 hours.

Key Points:

• Fees: Typically 2–5% per transaction, depending on exchange rates.
• Processing Time: Faster than bank transfers (Instant or takes 40 minutes).

3. Skrill-to-Neteller Transfer (Limited Use)

Since Skrill and Neteller are owned by Paysafe, you can transfer funds between them instantly, then withdraw to a bank or use an exchanger.

Steps:

1. Go to Skrill’s “Withdraw” section, select “Neteller,” and enter the recipient’s Neteller email.
2. Confirm the transfer (instant, no fee).
3. Withdraw from Neteller to your bank or via ChangeBuz.com as above.

Key Points:

• Use Case: Useful if one e-wallet has better withdrawal options.
• Fees: No transfer fee, but withdrawal fees apply (e.g., Neteller’s $10 USD).

Why Local Bank Transfer Is Often Preferred for Selling

• Lower Fees: Skrill (€5.50) and Neteller (~$10 USD) fees are lower than exchanger fees (2–5%).
• Security: Direct transfers avoid third-party risks.
• Compliance: Aligns with RBI regulations, reducing scrutiny.

ChangeBuz.com is ideal for buying funds or when speed is critical, because it involves lower fees and it's instant exchange service.

Tips for Safe Transactions

• Verify Accounts: Complete KYC for Skrill, Neteller, and your bank to avoid delays.
• Monitor Fees: Compare Skrill/Neteller withdrawal fees with ChangeBuz.com’s rates.
• RBI Compliance: Report large transactions to your bank to meet FEMA rules.
• Contact Support: Use Skrill/Neteller’s 24/7 support or ChangeBuz.com’s live chat for issues.

FAQs

Q: How long does it take to sell Skrill/Neteller to an Indian bank?
A: 2–5 business days via bank transfer; Instantly with ChangeBuz.com.

Q: Can I buy Skrill/Neteller funds with Paytm?
A: Yes, ChangeBuz.com supports Paytm for buying funds, with confirm availability.

Q: What fees apply for Skrill/Neteller withdrawals?
A: Skrill: €5.50; Neteller: ~$10 USD. Currency conversion: 3.99% (non-VIP).

Conclusion

The best way to sell Skrill or Neteller funds in India is through a local bank transfer for its low fees (€5.50–$10 USD) and security, taking 2–5 days. For buying funds or faster selling, ChangeBuz.com is a reliable exchanger, offering instant exchange with lower fee possible. Always verify account details, comply with RBI rules, and use trusted platforms to ensure safe transactions.