Almost everyone is a subscriber to at least one subscription service. If you’re like most people, you’ve probably signed up for so many services that you lost count. This means there is a good chance that you’re paying for something you don’t even use anymore. Even if you have a grasp on how many services you pay for and use, you probably don’t have the time or energy that is required to negotiate the prices on those services or to cancel them when you no longer need a subscription.
That’s where services like Billshark come in. In the following Billshark review, you’ll find everything you need to know about this innovative and helpful service. So, if you want to find out what Billshark does, how to signup, or the overall program benefits, keep reading!
What is Billshark?
Billshark is a financial service. They are here to negotiate the bills you have and to cancel the services that you no longer need. In short, Billshark exists to save you money. Billshark describes the service in three easy steps:
- Upload Your Bills: You offer copies of your bills through the Billshark website, app, or send via email in just seconds.
- They Negotiate: Billshark will send you regular updates as they work their magic and find you the best deals on your upcoming bills
- You Enjoy all the Savings: The entire process costs nothing unless Billshark saves you money. If they do, they charge a modest 40% fee from the amount you’ve saved
Billshark hit the scene in 2015 when the service was launched by Steve McKean. They claim to have a 90% success rate when it comes to negotiating bills for their customers. This includes bills that run on subscription services like cell phones, cable or satellite TV, satellite radio, home security, and internet services. Since the inception of Billshark, they have saved clients over $10 million.
Customers of Billshark can be assured that this is a reputable service. In fact, they have been featured in dozens of places from the Wall Street Journal and The Washington Post to CBS News. The Better Business Bureau has Billshark listed with an A+ rating, too.
What Does Billshark Do?
Billshark helps you get lower prices on your monthly services, like cell phone, TV, internet, and home security by negotiating with your service providers on your behalf.
The process is super simple for you, the customer. You provide your account information for the bills you want lowered by uploading them securely, and this gives Billshark the chance to negotiate the prices for you.
Your information is safe, so you don’t need to worry about that. Billshark uses the top technology to keep your info safe and they only supply negotiators with the information necessary to get your bills lowered. Billshark will not release your information to anyone else without your express permission.
Billshark takes a few out of the savings they get you. If there are no savings, they don’t make a thing. So their negotiators are heavily incentivized to get you the biggest savings possible so they can get their commission.
To sign up to Billshark you just do the following:
- Sign up on Billshark. You can use your email or opt for your Facebook or Google profile to sign up.
- Select the services you want to save money on and choose the appropriate options for those services.
- Upload images of bills for the services you want negotiated. You can do this through the app or website.
- Authorize the Billshark negotiators to look into your bills and negotiate with providers for you.
- Wait for Billshark to fill you in on all the details. You’ll get confirmation via email or phone when negotiations are successful, and your bills are lowered.
One thing to keep in mind is that once you allow Billshark to negotiate, you have to take the savings they get for you. You won’t be able to decline the offer once you allow them to negotiate.
How the Pricing Works
When it comes to pricing, you pay Billshark 40% of your savings each month. The fee is capped at 24 months. That means that if you continue to enjoy your savings for more than 2 years, you won’t have to pay any longer than that. To put the cost into perspective, if Billshark negotiates your cell phone bill and saves you $100 a month for one year, you’d pay them $40 per month for the 12 months you receive the savings. You’d save $1,200 on your subscription and you’d pay Billshark a total of $480 for negotiating the lower price. That’s still a savings of $720 for the year.
If you want Billshark to cancel services on your behalf, you can pay $9. Billshark will be able to cancel subscriptions you allow them to cancel. This also allows Billshark to modify your services on your behalf. For example, if you want to upgrade or downgrade your account, they can handle that for you.
Additional Billshark Services
Billshark also offers a number of different services that can help you save money in other ways. Here are some additional Billshark services:
- Compare Insurance Rates for home and auto insurance
- Use Billshark for Businesses to negotiate corporate expenses
- Sign up to the referral program to sign up your friends and get some Amazon gift cards
- Enjoy the Reward program, which offers discounts, coupons, and more once you start saving
- Take advantage of the educational resources on the Billshark website
Billshark Review: Pros and Cons
Like with any service, this Billshark review wouldn’t be complete without a chance to weight the pros and cons. So, what are some of the most notable pros and cons of Billshark?
- You save time and avoid the hassle of having to negotiate fair pricing on your bills
- Billshark customers commonly save on average as much as $300-$500
- You don’t pay a thing if they can’t save you money
- Billshark communicates with you regularly so you’re aware of how things are going
- Take advantage of educational resources to improve your finances
- Get discounts and other rewards when you take part in the rewards program
- The 40% fee is higher than some bill negotiating services
- You aren’t able to deny the savings they find once they start
- Only available in America and Canada at this time
- You can only negotiate subscription-based bills – so no credit cards, utilities, or insurance
Hopefully, this Billshark review has helped you determine whether or not Billshark could help you improve your finances. If you try it out or have any questions, be sure to let us know your thoughts in the comments!
Ready to save? Try Billshark now.