A skill-based gaming platform is only as good as its financial infrastructure. Players need absolute confidence that when they pay an entry fee, the prize pool is secure, and when they win, the withdrawal process is frictionless.
At SkillQuiz, we treat the user wallet with the same level of security as a modern fintech application. Here is an inside look at the protocols that protect your money from deposit to withdrawal.
The Architecture of the SkillQuiz Wallet
Your wallet balance is not just a number on a screen; it is backed by a highly secure, distributed ledger system. When you deposit funds, the transaction is processed through RBI-compliant payment gateways using 256-bit AES encryption.
We utilize a strictly segregated account structure. The funds in the 'Unutilized Wallet' (your deposits) and the 'Winnings Wallet' (your earned prizes) are kept entirely separate from our operational corporate accounts. This guarantees that player funds are always liquid and available for immediate withdrawal.
Instant Settlement Technology
One of the biggest frustrations in online gaming is waiting days to receive tournament winnings. Our backend is engineered for Instant Settlement.
The moment a Supernova Arena match concludes, the server verifies the cryptographic signatures of the submitted answers. Once the anti-cheat engine gives the green light (usually within milliseconds), the smart contract immediately transfers the winnings from the escrow pool directly into the victor's Winnings Wallet.
"We believe that your winnings belong to you the second you earn them. Our automated ledger system processes over 1,000 transactions per second to ensure no player is left waiting."
The Importance of KYC Verification
To comply with Indian financial regulations and combat money laundering, we enforce a strict Know Your Customer (KYC) policy for withdrawals. This protects the ecosystem from fraudulent accounts and ensures that real players receive their money securely via UPI or direct bank transfer.
- PAN Verification: Ensures compliance with TDS (Tax Deducted at Source) regulations on net winnings.
- Bank Account Linking: Prevents third-party fraud by ensuring withdrawals only go to an account matching the verified user's name.
Never share your OTP or login credentials. SkillQuiz staff will never ask for your password or ask you to transfer wallet funds to an external account for 'verification' purposes.
By building a robust, transparent, and legally compliant financial engine, we empower players to focus entirely on their skills, knowing their rewards are guaranteed.
