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Billshark Review 2023: How Does Billshark Negotiate?

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Billshark Review

Billshark logo

Billshark helps you to get your finances in check. This service can help you to eliminate unnecessary spending and unwanted subscriptions, saving an average of $300 to $500. It can also negotiate better rates on your bills. Although there is a 40% commission, if Billshark is unable to save you any money, you’ll pay no fees.



Legit & Safe


Saving Potential

Sign-Up Process


  • No Savings, no commission
  • 90% success rate
  • Receive $10 per referral
  • Saving on average $300 per year


  • Need to upload bills
  • Hefty 40% commission

Jump to: Full Review

Compare to Other Money Saving Apps


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How Does Billshark Work?

Most people don’t monitor their monthly bills, so they may not even be aware of where they are spending too much. Billshark is a platform that can help you to get savings on your bills and subscriptions. The company can negotiate and cancel expenses on your behalf. 

While it is possible to negotiate with your providers yourself, this can be a time consuming and frustrating process. Billshark takes all the hassle out of negotiating savings on your bills. 

When you open a Billshark account, you can download the mobile app. You can then use your mobile device to take pictures of your bills and upload them to the platform. Billshark will ask you to confirm the parts of the bill that you give permission for them to negotiate. 

After Billshark has all the necessary information, including some of your personal details, they will start to negotiate on your behalf. You’ll receive a phone call or email to let you know how much you can save and when the savings will go into effect. Billshark will also generate an invoice to show its fees.

How to Lower Bills with Billshark?

Negotiate Bills

Bill negotiation is the main feature of Billshark. All you need to do is upload copies of the bills you would like to reduce and a Billshark representative will try to negotiate a discount or reduction. 

If successful, Billshark will charge a 40% commission on the savings amount. If no savings are possible, there are no fees or charges. 

This makes Billshark a risk free and easy way to negotiate savings on your bills. 

Cancel Subscriptions

Billshark can also cancel any unwanted subscriptions. Many of us lose track of the services and subscriptions that automatically take money from our accounts. So, this can be a great money saving service. 

Billshark can cancel approximately 100 different subscriptions. This service attracts a flat fee of $9. 


Billshark also has an insurance rate checker. This will help you to compare your current insurance costs with the other companies. You can explore the potential savings if you switched to another provider. 

The company cannot actually help you to switch to a new provider. However, when you can see how much you could save, it is likely to provide the incentive to make a couple of calls and switch providers.

Is Billshark Safe?

Since the company is dealing with your personal financial information, you need to feel confident that the platform is safe. Billshark appreciates this and aims to reassure all potential users that its platform is safe. 

Billshark employs standard 256 bit website encryption. It also has security best practices to protect your data shared with your bills. Billshark employees have limited access to your data and the company does not allow any third party access to personal information. 

How Much Does Billshark Cost?

Billshark charges a 40% commission on any savings it can make for you. So, if Billshark can save you $200 on your bills, you can expect to pay $80 in commission. However, you’ll still make savings of $120. 

While this may seem steep, the Billshark fees are only applicable for the associated contract period. So, the commission will only apply for the first year. You won’t continue to pay commission for lifetime savings with your service provider. 

Typically, you’ll need to pay the Billshark commission once the savings are confirmed. But, in the case that Billshark can save you a large sum, you can spread the commission over a two to six month period. This attracts a one time fee of $9.

How to Open Account with Billshark?

Step 1- Create Your Account

The first step to opening up a Billshark account is to sign up. You’ll need to provide your name, email address and phone number. There is the option to sign up using your Google account profile. 

You will then need to create a password. Remember that Billshark requires providing your personal financial information. So choose a secure password like one you would use for online banking, rather than the name of your family pet!

Billshark offers a free savings calculator as part of the account creation process. This will help you to explore the possible savings. Be aware that these figures are an estimate and there are no guarantees Billshark will be able to accomplish these savings. 

Step 2- Choose a Service

Once you create your account, you can choose the negotiation services you would like to use. The list of options includes internet, satellite radio, pay TV and wireless. 

If you want to negotiate multiple bills, you can repeat this process as many times as necessary. Bear in mind that the more contracts you permit Billshark to negotiate, the higher the potential savings. 

Step 3- Upload Bills

You will then need to upload digital copies or photos of your bills. The app makes this easy, as you can use the camera on your mobile device and upload them quickly.

You can also upload the bills via the website. Billshark requires these digital copies, so a representative can gain all the necessary information to negotiate a reduction. 

Types of Bills Billshark Can Lower?


These days the internet is considered essential in any household. Therefore, it has become a highly competitive market. You may notice companies advertising great promotional rates, but if you’re happy with your current provider, it doesn’t mean you need to miss out. 

Most internet providers will negotiate better deals to retain you as a customer. Billshark can take advantage of this and help you to lower your internet bills.

Phone Services

As with your internet, Billshark can negotiate better rates for your phone services. The Billshark team can also help you claim compensation for any service outages.

Pay TV

Whether you have cable or a pay TV subscription package, Billshark can negotiate a more competitive price on your behalf. 

Satellite Radio

Billshark can also negotiate to lower your bills for satellite radio services. 

What are the Billshark Pros & Cons?


  • Free Sign Up: There are no fees or charges to sign up for Billshark. 
  • No Savings, No Commission: If Billshark is unable to negotiate any savings on your bills, you will not need to pay for its services. 
  • 90% Success Rate: Billshark has a 90% success rate at lowering its clients’ bills. 
  • Referral Program: Billshark has a referral program where you can receive a $10 gift card for each family member or friend you refer to the service. Your referral will also receive a $10 discount on their invoice. 


  • Hefty Fee: Billshark charges a 40% commission on any savings the company is able to negotiate on your behalf.
  • Upfront Fees: Billshark negotiates savings on your annual bills, but all fees will need to be paid upfront. There is the option to spread the cost of your Billshark invoice, but this will incur a fee. 
  • Need to Upload Bills: Unlike some other platforms, Billshark requires that you upload copies of your bills rather than linking to your bank accounts and cards. 

Is Billshark Worth it?

Billshark is certainly worth a try. If the company is not able to make any savings on your behalf, you won’t need to pay a cent. 

You can also be very clear about what you would like Billshark to negotiate. This company allows you to specify which bills you would like to lower and whether you want to enter into contracts longer than one year. 

If Billshark is able to negotiate a large saving on your bills, you can spread the commission cost across two to six months, for a $9 fee. 

Billshark has a solid industry reputation with BBB accreditation and an A+ rating. The company employs protocols and procedures to protect your personal information and it is never shared with third parties. 

Billshark Alternatives

Billshark vs Rocket Money

Rocket Money Summary

  • No upfront costs for the free plan
  • Save an average of $96 per year or more
  • 5+ different ways to help you save money
  • Save money by canceling subscriptions

Rocket Money has a very similar business model to Billshark. If Rocket Money can find savings, you’ll pay a 40% commission. Where it differs is that you can not only take pictures of your bills and upload them, but also connect your billing accounts. 

This will help Rocket Money to scan your expenses and locate any promotional rates, hidden discounts or other savings. Like Billshark, Rocket Money will not remove or downgrade any services without your permission

There is also the option to upgrade to a premium Rocket Money account. This costs up to $48 per year. It offers additional functionality and features such as smart savings, unlimited budgets, cancelation concierge and premium chat. 

Billshark vs. BillSmart

BillSmart is another option to save money on your phone/cable bills. Where it differs from Billshark is that BillSmart can help customers who are past due on their bills save money and keep their service connected.

BillSmart has a much lower fee than BillShark at 25% of the savings and they allow you to move or split the fee for no extra charge.

Billshark vs. Billfixers

Billfixers allows you to upload copies of your bills to find loyalty discounts, optimized credits, promotional rates and other savings. The company aims to complete bill negotiations within just one billing cycle. 

The biggest difference when comparing Billshark vs Billfixers is that Billfixers has a higher fee. The commission is 50%. You need to pay this upfront via PayPal, check or major credit card. There is also the option to split the commission cost and pay monthly.

Billshark FAQ

What is Billshark?

While there are a number of platforms offering this type of service, Billshark has an A + rating with the Better Business Bureau. 

Although Billshark charges fees for its services, it has the potential to save $300 to $500 on average. In fact, Billshark has even managed to save one customer $9,500. 

How does Billshark make money?

Billshark charges commission for any savings they are able to negotiate. 

How much does Billshark cost?

Billshark charges a 40% commission on savings, but if the team cannot negotiate any savings, there is no fee. 

How do I cancel Billshark account?

You can cancel at any time by sending your request in writing to Billshark HQ.

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Lorraine S.


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