Last Updated: 04/18/2025
SuperMoney User Recommendation Score -58
Strongly not recommended19 total votes
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Highlights
Community Rating
Strongly not recommended
Minimum Transfer
$20
Transfer Speed (days)
1
Processing Fee Range ($)
N/A
Processing Commission
N/A
Number of Reviews
Sharemoney Review
Sharemoney is a money transfer service company based in Englewood Cliffs, NJ. It was founded in 2014 and offers money transfers to 64 countries.
Sharemoney FAQ
What money transfer methods does Sharemoney support?
Sharemoney allows you to send money with the following receive options (options vary by receive country):
- Bank accounts.
- Cash pick-up
- Digital wallets
How much money can you send with Sharemoney?
Sharemoney does not have a minimum transfer amount.
The maximum amount you can send per transfer is $2,999 , but this may vary per country.
What fees and commissions does Sharemoney charge?
- Sharemoney does not charge a flat processing fee..
- There isn't a processing commission fee.
- Sharemoney does not charge a currency exchange fee. Instead, Sharemoney makes a profit from the spread between the buy and sell price of the currency you purchase. Compare the exchange rates offered by money transfer services as well as fees when calculating the total cost of the transaction.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
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Learn MoreSuperMoney Net Recommendation Score
SuperMoney users don't recommend this product, giving it a user recommendation score of -58, or 1.8 on a 5-point rating scale.
-58
-1000+100
No one recommends
Everyone recommends
Sharemoney Community Reviews
Would you recommend Sharemoney to your friends?
U
Anonymous
Sep 7, 2023
May or may not recommend
Take your money and run! On the surface Sharemoney seems like the type of service immigrants prefer to send money overseas but in reality, the management of Sharemoney audits every transaction. Every transaction after you sign up is put on hold and they slowly elicit very confidential information about you, including your social security number. The more you use them, the more you get messages from a compliance team, requiring ...Show More
MC
Mazhar C.
Nov 25, 2022
May or may not recommend
I have been using them to send money to Colombia for over two years. Usually, the money is in my recipients bank account the same day. I have had a few problems, but they were resolved quickly. They also appear to take security seriously. I mistakenly did a money transfer when I had my VPN turned on and the transfer got flagged because it came from a proxy server.
BB
Bert B.
May 10, 2022
May or may not recommend
I tried with them several times to send money. they had me "verify" my life, my income, my everything. after 2 weeks of doing the same thing 3 times, then they just cancelled the transfer. stay far, far away!
RA
Rizanne A.
Apr 15, 2022
May or may not recommend
poor customer care, the people you are going talk in the phone are rude. please don't used this remittance whatever their advertisement says its all a lie.My husband and I spent more than 1 hour and still we didn't resolve the problem.
AD
Anna D.
Apr 8, 2022
May or may not recommend
You can’t even help a friend for $10 in gas. People be broke and afford to send $20.
RW
Rachel W.
Nov 17, 2020
May or may not recommend
Absolutely do not use this service. They took my money, but never sent it to the recipient, instead insisted I go through a ridiculous"verification" process, and now they won't refund my money. Do not use them. Seriously.
DB
Davis B.
Aug 6, 2020
May or may not recommend
I used this company to send money to Togo, West Africa. When the recipient went to collect the money, the agent said they know nothing about sharemoney and cannot find anything in their system using the so called folio#. I called and cancel the transaction for a refund and they keep tossing me around and provided no cancellation confirmation. They said they cannot provide cancellation email because the payer has ...Show More
U
Anonymous
Aug 1, 2020
May or may not recommend
In my opinion the customer service is very, Very horrible. Had a issue with the company over my account and when I asked for further information the supervisor I spoke to couldn't give me an answer or email me a letter stating the company policy on my issue. I wouldn't recommend them at all.
U
Anonymous
Feb 4, 2020
May or may not recommend
If you travel for business and need to initiate transfer from outside the US, they will not allow it. If you use a VPN to connect to a server inside the U.S. they will detect it and put a hold on the transaction and in 24 hours cancel the transaction.
It matters not tom them if you are a proven US citizen, with a US Postal Address and drawing funds for ...Show More
Ab K.
Jan 22, 2020
May or may not recommend
They held my money and come up with excuses why. At first, i needed to provide whom I'm sending money to and why, to i used a vpn and proxy server. Customer service are rude and disrespectful.
Georgew
Oct 30, 2019
May or may not recommend
I have been using them to send money to Colombia for over two years. Usually, the money is in my recipients bank account the same day. I have had a few problems, but they were resolved quickly. They also appear to take security seriously. I mistakenly did a money transfer when I had my VPN turned on and the transfer got flagged because it came from a proxy server.
TS
Thomas S.
Oct 16, 2019
May or may not recommend
I keep tracking showing this over many house Funds Transmitted
KG
Kesia G.
Oct 11, 2019
May or may not recommend
Unbelievable. I cancelled my order and I hope to never use this company again. If you need fast and easy, this is NOT what you will get with them.
SP
Susan P.
Aug 23, 2019
May or may not recommend
So far I've had nothing but good experiences with sharemoney. The service is a little bit slow but I do bank to bank transfers and usually it gets to my recipient in one day. To me, they have been a pretty reliable company and not so intrusive either. I've put through quite a few transactions with them and they get my money there everytime. The only thing I dont like ...Show More
JV
Jorge V.
Aug 22, 2019
May or may not recommend
For a difference of a $1, they are not reliable. Their system is always down and it takes 2 days for the money to be ready for pick up. Always system down issues. UNRELIABLE, BAD SERVICE, and they do not notify recipient of transfer ready for pickup. You have to do their work. I now use REMITLY, faster service and reliable. If you don't believe me, see ...Show More
AR
April R.
Jun 29, 2019
May or may not recommend
Fast and easy transfers without a hassle and is reasonable with their fees.
JD
Jo D.
May 25, 2019
May or may not recommend
Customer service members lie and it takes at least 5 business days to get your money back after you realize you have been lied to.
Francisco B.
Mar 5, 2019
May or may not recommend
Their advertising money in minutes, when that is false. My wife had a medical emergency 3/4/19 while I was at work so I could not leave to go to the location where I usually send it to her. I get on Google looking for a way to send it to her as fast as the location right, I read their ads and info and decided for this ...Show More
Steven U.
Sep 10, 2018
May or may not recommend
Good as long as customer service is not needed. Then long wait times, different answers. Ask for supervisor for a consistent answer and when told i wanted to record it he immediately hung up on me
Showing 19 of 19 reviews