Sharemoney Wins Two Awards


Sharemoney excelled in our strenuous testing to become the winner of two Money Transfer Awards 2017. After sending an actual transfer to Mexico through Sharemoney, we found that our funds arrived within 10 minutes. When other providers take at least a day, this unmatched time makes Sharemoney a clear winner of the Fastest Transfer award. To help you take advantage of this speed, Sharemoney offers an easy-to-site that earned it a Best User Experience award.

How did we know to include Sharemoney in our testing? After hunting down all of the international money transfer services we could find, we focused on 35 providers to collect 1,575 data points that we then used to narrow our selection to 13 services. We used these 13 finalists to send live transfers to France and Mexico, generated quotes for 2,430 transactions, partnered with to collect another 273 data points from 39 independent participants and tested provider sites to confirm that advertised information was accurate. We also referenced Trustpilot ratings, one of the world’s largest online review communities. Learn more in our methodology.

When sending money internationally, consumers must be certain that their hard-earned money can get from point A to point B. But this can be risky. We invited fraud on our bank accounts and had our funds taken only to be told that our transfers failed in hopes that people could learn from our investigative and comprehensive research.

Winning a Money Transfer Award isn’t easy. See how Sharemoney won twice.

Sharemoney is setting benchmarks in the money transfer industry by making it easy to send transfers that arrive within minutes.

— Fred Schebesta, CEO

Best User Experience Award Logo

Best User Experience Award

First impressions matter. We wanted to identify what makes you go with a provider to figure out whether it’s doing a good job. Finding the right information while having a pleasant experience goes a long way in deciding who to trust your money with. And so we inventoried provider features, tested them and had outside users test them to see who provided the best interaction.

The first interaction most users have with a provider is through their website or app. Designing these tools to be easy to use with great aesthetics signals to users that they matter — because you do.

Being able to get a rate quote without signing up is key for Sharemoney, as are successful transactions completed in one step. Adding good usability with easy-to-understand information makes Sharemoney a winner.

Sharemoney Best User Experience Award

Metric Scale Sharemoney Average Score
Ease of sign-up and inputting transfer details 1.0 (Disagree)
5.0 (Agree)
3.3 3.2
Information is easy to understand 1.0 (Disagree)
5.0 (Agree)
4.6 4.0
Ease of site use 1.0 (Disagree)
5.0 (Agree)
4.3 3.7
Appears credible 1.0 (Disagree)
5.0 (Agree)
4.3 3.5
Site is attractive 1.0 (Disagree)
5.0 (Agree)
4.3 3.7
Likely to return to this service 1.0 (Disagree)
5.0 (Agree)
3.0 3.2
Time to complete sign-up and input transfer details 1.0 (5 minutes or more)
6.0 (Less than 1 minute)
1.0 2.2
Live transfer success rate 0.0 (0%)
10.0 (50%)
20.0 (100%
20.0 15.4
Single transfer transaction 0.0 (Wire to provider)
5.0 (Digital wallet)
10.0 (Single transaction)
10.0 7.7
Price quote does not require personal info 0.0 (No)
5.0 (Yes)
5.0 3.5
Estimated time of delivery included in receipt 0.0 (No)
5.0 (Yes)
5.0 4.2
Mobile app available in iPhone or Android 0.0 (None)
1.0 (Either)
2.0 (Both)
2.0 1.9
Live chat available 0.0 (No)
1.0 (Yes)
0.0 0.2
Instant approval after sign-up (US customers) 0.0 (No)
1.0 (Yes)
0.0 0.8
Email or text update to recipient 0.0 (No)
1.0 (Yes)
1.0 0.6
Email or text sender transfer details 0.0 (No)
1.0 (Yes)
1.0 1.0
Does not require SSN for sign-up 0.0 (No)
1.0 (Yes)
1.0 0.8
Does not require uploaded documentation 0.0 (No)
2.0 (Yes)
0.0 0.9
Can send with recipient’s email address 0.0 (No)
1.0 (Yes)
0.0 0.2
Frequency exchange rates are updated 0.0 (Daily)
1.0 (More than once a day)
1.0 0.8
TOTAL (Winners scored more than 68.5 points) 70.8 61.4
Fastest Transfer Award Logo

Fastest Transfer Award

Sharemoney lives up to its name and gets money overseas quickly. With single-transaction transfers received well within 24 hours (our funds were received in 10 minutes), there’s not much else to consider — except instant approval for US customers.

Sharemoney Fastest Transfer Award

Metric Scale Sharemoney Average Score
Shortest time to receive funds in bank account 0.0 (Live transfer fail)
2.0 (9 days)
4.0 (8 days)
6.0 (7 days)
8.0 (6 days)
10.0 (5 days)
12.0 (4 days)
14.0 (3 days)
16.0 (2 days)
18.0 (1 day)
20.0 (Less than 24 hours)
20.0 15.1
Time to complete transfer sign-up and input transfer details 1.0 (5 minutes or more)
2.0 (4:00–4:59 minutes)
3.0 (3:00–3:59 minutes)
4.0 (2:00–2:59 minutes)
5.0 (1:00–1:59 minutes)
6.0 (Less than 1 minute)
1.0 2.2
Instant approval after sign-up (US customers) 0.0 (No)
1.0 (Yes)
0.0 0.8
Single transfer transaction 0.0 (Wire to provider)
2.0 (Digital wallet)
4.0 (Single transaction)
4.0 3.1
TOTAL (Winners scored more than 25 points) 25.0 21.2
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