Billshark Review: Can the Sharks Save You Money?

Billshark is a good option because of their impressive track record, and that on average, customers save $300 per bill annually.

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Bottom Line:

Billshark is a Better Business Bureau (BBB) accredited business that offers bill negotiation services. Billshark claims to have a 90% success rate at reducing bills for customers, and promises to save 25% or more on monthly subscription service bills. Billshark claims that they can lower bills more than customers could on their own, and that they have a risk-free guarantee. If Billshark can't save customers money, there are no fees.
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Billshark
4.0

Billshark is an online service that helps consumers save money on their monthly bills. Billshark's services include:

  • Bill negotiation: Billshark's team of experts, called "sharks", will contact your providers on your behalf to negotiate lower rates. Billshark can help with internet, TV, phone, and home security services.
  • Subscription cancellation: Billshark can help cancel unused or wanted subscriptions.
  • Insurance rates: Billshark can help find lower insurance rates.

To use Billshark, customers can upload bills to the website or app, answer questions, and provide authorization.

Start Saving

Billshark claims that you can reduce your bills with them in less than two minutes and save up to 25% on your bills each month.

They say impressively that their sharks have a success rate of 90% when negotiating accounts for their customers. Are they blowing steam or is it legit?

I've reviewed a bunch of different savings apps that can help you save on your bills like Trim, Capital One Shopping, Rocket Money, and Earny so I wanted to learn more about Billshark.

Plus, after hearing that famous billionaire Mark Cuban backs the company I wanted to dig in even more with a full Billshark review.

billshark review

We'll find out in our Billshark review if this is a scam or can they really lower your bills?

Billshark
4.0

Billshark is an online service that helps consumers save money on their monthly bills. Billshark's services include:

  • Bill negotiation: Billshark's team of experts, called "sharks", will contact your providers on your behalf to negotiate lower rates. Billshark can help with internet, TV, phone, and home security services.
  • Subscription cancellation: Billshark can help cancel unused or wanted subscriptions.
  • Insurance rates: Billshark can help find lower insurance rates.

To use Billshark, customers can upload bills to the website or app, answer questions, and provide authorization.

Start Saving

What is Billshark?

billshark review

You're likely familiar with the sinking feeling of opening your latest cable bill, only to find the cost has increased yet again.

Negotiating for better rates can seem like a daunting task—who has the time for that hassle?

Enter Billshark.

This online service takes on the tedious task of negotiating lower rates for your cable, internet, cell phone plans, and more, so you don't have to.

According to their website, Billshark has already helped over 100,000 customers save an average of $120 per year, with reviews on Trustpilot confirming these savings.

Here's how it works: you sign up with Billshark and provide copies of your most recent bills. Their team of “sharks” or experts analyzes your bills to identify potential savings or better packages, then negotiates with your service providers on your behalf.

Once they've secured savings for you, they take a percentage of those savings as their fee. This means you can save money each month without having to deal with customer service yourself—a total win-win.

Given the overwhelmingly positive reviews, Billshark appears to be an effortless way to put extra money back in your pocket each month. Why not give them a try and see how much you could save?

VISIT BILLSHARK

Who is it best for?

  • The larger and older the bill, the more money they can save customers.
  • Best for affluent people that 35 years or older who are married with a family and are homeowners who don’t move frequently since they likely have larger and older bills.
  • Not ideal for those who are young, unmarried people who move often.
  • Cell phone bills outside of Verizon, ATT, and Sprint are pretty much non-negotiable – T-Mobile, MetroPCS, and budget carriers should be avoided.
  • Pretty much all cable and TV bills are negotiable.

VISIT BILLSHARK

How does Billshark work?

The process is relatively simple, and if you can download the app and send your bills, you are ready to go. What they do is negotiate with your cable or satellite provider, your internet service provider, your home security provider, your satellite radio supplier, and so on.

Billshark helps you lower your bills by calling your service providers and negotiating the best price on your behalf.

Billshark is a paid service, accessed via a desktop computer or via its mobile app, which allows you to download invoices for services such as cable and satellite television, home security, cell phone service, internet services, etc.

Billshark then assesses your invoices and negotiates on your behalf to save you money on these invoices.

VISIT BILLSHARK

What are Billshark fees?

Billshark charges a 40% fee based on the amount of savings they secure for you through their bill negotiation services. For example, if Billshark saves you $100, you would pay them $40, leaving you with a net savings of $60.

This fee structure applies to both one- and two-year contracts, meaning Billshark's fee is only applied to the savings they negotiate for you within the contract period.

If Billshark is unable to save you any money, you won't be charged any fees for their service.

What features does Billshark have?

Billshark offers several features designed to help consumers save money on their monthly bills and make managing their finances easier. Here are some of the main features:

  1. Bill Negotiation: Billshark specializes in negotiating lower rates on various monthly bills, including cable, internet, wireless, satellite TV, satellite radio, and home security systems. They negotiate with service providers on your behalf to lower your monthly payments.
  2. Subscription Cancellation: If you have subscriptions you no longer use or want, Billshark can help cancel them for you, potentially saving you money each month.
  3. Insurance Savings: Billshark partners with insurance companies to offer quotes that could potentially save you money on home and auto insurance.
  4. Lower Payment Plans: For services where the bill cannot be reduced, Billshark attempts to find lower payment plans that better fit the customer's budget.
  5. No Savings, No Fee: Billshark operates on a “success-based” fee structure, meaning if they don't save you money, you don't pay anything.
  6. Mobile App: Billshark has a mobile app that makes it easy to upload bills for negotiation, track the status of negotiations, and manage your savings all in one place.
  7. Customer Support: They provide customer support to assist with any questions or issues that arise during the negotiation process or while using their services.

These features are designed to simplify the process of saving money on recurring bills and managing subscriptions, making it easier for consumers to keep more money in their pockets without having to navigate the often complicated and time-consuming negotiation processes themselves.

VISIT BILLSHARK

Pros & Cons of BillShark

benefitsBenefits
  • Savings on Bills: Billshark can potentially save you money on various bills by negotiating lower rates on your behalf, including cable, internet, and phone services.
  • Convenience: The service handles the negotiation process for you, saving you the time and hassle of dealing with service providers directly.
  • No Upfront Cost: Billshark charges a fee only if they successfully save you money, making it a low-risk option to try and reduce your monthly expenses
  • Subscription Cancellation Service: In addition to bill negotiation, Billshark can help cancel unwanted subscriptions, which can further reduce your monthly expenses.
  • Customer Support: Provides customer support to assist with any questions or issues during the negotiation or cancellation process.
downsidesDownsides
  • Fee for Service: Billshark charges a 40% fee on the total amount saved through their negotiation. This fee may seem high to some users, especially if significant savings are achieved.
  • Limited to Certain Bills: The negotiation service primarily focuses on specific types of bills, such as cable, internet, wireless, and similar services. It might not cover all types of expenses you wish to reduce.
  • Potential Changes in Service: In some cases, negotiating a lower bill might result in changes to the service level. It's important to ensure that any negotiated changes meet your needs.
  • Privacy Considerations: Using Billshark requires sharing personal information and details about your bills, which might be a concern for privacy-conscious individuals.

When deciding whether to use Billshark, weigh the potential savings and convenience against the fees and any specific needs or concerns you might have. For some, the time savings and ease of having someone else negotiate on their behalf might be worth the cost, while others might prefer to negotiate directly to avoid fees.

VISIT BILLSHARK

Is Billshark a scam?

Well, no!

Billshark isn't a scam — it's a legit service that's all about getting you lower rates on your bills—think cable, internet, wireless, and the likes. The way they work is pretty straightforward.

They charge you a piece of the savings pie they manage to carve out for you. So, basically, the better they do for you, the better they do for themselves. It's a win-win setup.

Here's why you can trust Billshark:

  • Success-Based Fee: They only make money if you save money. If Billshark doesn't manage to lower your bills, you won't owe them a dime. This setup means they're as keen as you are to see those bills shrink.
  • Transparency: From the get-go, Billshark is clear about how their fees work. You'll know exactly what you're getting into before you commit to anything.
  • Customer Reviews: A quick look online will show you plenty of positive feedback from folks who've had good experiences. People appreciate the savings and the hassle-free process.
  • Professional Negotiations: They've got the know-how to talk to service providers. This isn't their first rodeo, and they understand the ins and outs of getting you a better deal.
  • No Hidden Fees: Everything is upfront. You'll be in the loop about what you're paying for, which is essentially their success in getting your bills reduced.

In a nutshell, if you're looking to cut down on your monthly expenses without diving into the negotiation battlefield yourself, Billshark could be your ally. They're on your side, ready to fight for lower bills on your behalf, with a business model that puts your savings first.

Currently, there are many other similar Billshark services, including apps studying your subscriptions and recent purchases to see if they can negotiate savings due to price reductions. You can see some of our favorites below:

Our #1 Pick
 
 
MMG Rating:
4.5
MMG Rating:
4.0
MMG Rating:
4.0
Pros:
  • 7-day trial
Pros:
  • One-time fee of 40% of savings
Pros:
  • Free version
Our #1 Pick
MMG Rating:
4.5
Pros:
  • 7-day trial
MMG Rating:
4.0
Pros:
  • One-time fee of 40% of savings
MMG Rating:
4.0
Pros:
  • Free version

Summary

Billshark is a convenient, no-hassle way to lower your bills. You'll never have to haggle with your current providers, saving you time and money.

They negotiate lower prices on your monthly bills to save you time, money and hassle.

They have a team of expert bill negotiators will make sure you never overpay again. Billshark is worth downloading to see what savings you can get without much risk at all except your time.

Billshark
4.0

Billshark is an online service that helps consumers save money on their monthly bills. Billshark's services include:

  • Bill negotiation: Billshark's team of experts, called "sharks", will contact your providers on your behalf to negotiate lower rates. Billshark can help with internet, TV, phone, and home security services.
  • Subscription cancellation: Billshark can help cancel unused or wanted subscriptions.
  • Insurance rates: Billshark can help find lower insurance rates.

To use Billshark, customers can upload bills to the website or app, answer questions, and provide authorization.

Start Saving

About the author

Brian Meiggs
Hi, I'm Brian Meiggs! A personal finance expert, entrepreneur, and the founder of My Millennial Guide. My drive is to help others unlock the wealth of freedom and pave the path to financial success. With my bachelor's degree in finance, I help millennials follow the smart money in order to increase their earning potential and start building wealth for the future. I write regularly about side hustles, investing, and general personal finance topics aimed to help anyone earn more, pay off debt, and reach financial freedom. I have been quoted in major publications including Business Insider, Yahoo Finance, NASDAQ, Discover, GoDaddy, BiggerPockets, Fox News, Debt.com, Quick Sprout, Money Geek, MSN Money and many more!

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Billshark is a Better Business Bureau (BBB) accredited business that offers bill negotiation services. Billshark claims to have a 90% success rate at reducing bills for customers, and promises to save 25% or more on monthly subscription service bills. Billshark claims that they can lower bills more than customers could on their own, and that they have a risk-free guarantee. If Billshark can't save customers money, there are no fees.Billshark Review: Can the Sharks Save You Money?