Banking

How to send and receive money via Sharemoney transfer in Nigeria, the world

How to send and receive money via Sharemoney transfer in Nigeria, the world

Sharemoney – So long migrants do not reside in their home countries, the need to send money home cannot be underestimated in any way, it has become an aged long practice without an end in view.

In the past, sending or receiving money from abroad comes with herculean task both on the side of the sender and the receiver.

While the sender struggles with charges associated with the then money transfer platforms and availability of funds, the receiver struggles with cash pick-up, where applicable mostly.

For instance, there are occasions where receivers are barred from receiving funds on the premise that they either exceed thresholds having received small amounts or out-rightly not eligible for reasons best known to the money transfer platforms abroad.

However, aside the migrants relatives relationship in the money transfer channels, in recent era of “IoT” and remote services which apparently conditions service providers to render services to clients abroad.

Read also: How to receive Western Union on ATM

In turn receive payments for services rendered, money transfer platforms have become even more potent than ever on this premise.

That said, if you’re a migrant from Africa or any other continent and wish to send money back home to family and friends, or a client who wish to pay for service rendered remotely from other countries, think “Sharemoney” will provide answers to your payment solution puzzles.

About Sharemoney

Sharemoney is a company that provides money transfer solution which allows you to send money abroad seamlessly with maximum security in place.

You can transfer money from any device with internet connection to your loved ones in minutes, it as well comes with low fees and fair currency exchange rates.

It’s operated under the license of OmnexGroup, Inc, a money transfer service. Headquartered at Great New York Area, East Coast, Northeastern US.

Available receipt countries

At the moment, sharemoney can be received in a number of limited countries which include

  • Argentina
  • Armenia
  • Austria
  • Azerbaijan
  • Belarus
  • Benin
  • Bolivia
  • Brazil
  • Bulgaria
  • Burkina Faso
  • Cameroon
  • Chile
  • Colombia
  • Costa Rica
  • Croatia
  • Cyprus
  • Czech Republic
  • Denmark
  • Dominican Republic
  • Ecuador
  • El Salvador
  • Estonia
  • Finland
  • France
  • Gambia
  • Georgia
  • Germany
  • Ghana
  • Greece
  • Guatemala
  • Guinea
  • Guinea Bissau
  • Haiti
  • Honduras
  • Hungary
  • Iceland
  • Ireland
  • Italy
  • Ivory Coast
  • Kazakhstan
  • Kenya
  • Kyrgyzstan
  • Latvia
  • Liberia
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Mali
  • Malta
  • Mauritania
  • Mexico
  • Moldova
  • Monaco
  • Nepal
  • Netherlands
  • Niger
  • Nigeria
  • Norway
  • Pakistan
  • Panama
  • Paraguay
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Romania
  • Russia
  • San Marino
  • Senegal
  • Sierra Leone
  • Slovakia
  • Slovenia
  • Sweden
  • Switzerland
  • Tajikistan
  • Togo
  • United Kingdom
  • Uruguay
  • Uzbekistan
  • Vietnam

How to send money via sharemoney transfer platform to Nigeria/other countries

You can actually send money to beneficiaries in any of the countries listed above, you are however required to follow simple steps as will be outlined in this guide.

Note: The money may be received straight to the recipient’s account, may be a doorstep delivery or cash pick-up. The option you choose determines what delivery they’ll get.

You should acquaint yourself with basic requirements necessary for this transaction without which transfer may not happen.

  • You’ll need a share money account, sign up here
  • Keep a valid payment method in place which could be your bank account information, credit or debit card as you deem fit.
  • Your beneficiary’s name, contact information and bank details where you’d wish to route into their bank account
  • Your contact, banking information usually for the account you’ll be making remittance from.

Having completed the above requirements, follow the below steps to complete your transfer.

Visit the share money website here;

Step 1. From the homepage as seen, select the country you are sending to from any of the listed options, which include the-afore listed countries.

Having done this, in the “You send” field, enter the amount you want to send.

Say you want to send $200, enter $200 in the column as advised, depending on your sent amount anyway, hope you get that? Good, let’s move on.

Step 2. In the next column, you’ll need to sign up by entering your email address, date of birth, phone number and address then create a password.

Step 3. Sharemoney will send you an email, log in to your email and confirm your email address.

Step 4. In the “You send” field, enter the amount you’re sending, at this point you should see how much your recipient will receive in the home country and currency.

You should as well see separate transaction fees for bank account, debit or credit card, enter a promo code if you have any, then click continue.

Note: The higher the sent amount the higher the credit card fee if you’re paying with credit card, so get that straight first.

Step 5. At this point, you’ll need to select how you wish the fund accessed by the recipient, however this option will vary according to countries.

Read also: World Remit Transfer: How to send and receive transfers in Nigeria 2021

For Nigeria at the time of writing this piece, cash pick-up goes, the system will advise you on what is applicable in your recipient’s destination at the time of sending such transfer.

Where you’re sending to a bank account click “Select a bank” then choose from the list of banks in the recipient’s home country.

It’s expected that you have the recipient’s bank account details already prior taking this action, if not kindly contact them and get this sorted out immediately please. You will need the bank SWIFT/BIC.

Having entered necessary details, kindly enter your card/payment information then hit continue to send the money finally.

In the end, you will receive a reference code/receipt showing details of your transfer, that’s all.

The next you may want to ask is how to receive sharemoney transfer in your recipient’s country/Nigeria.

How to receive sharemoney in Nigeria

Receiving this fund in Nigeria is not different from receiving in any other country.

That said, all you need is a verifiable identity card, couple of task that’s all.

If you wish to receive sharemoney in Nigeria at the moment, the only available channel of the aforesaid receivable three is cash pick-up.

By this ideology you will have to visit an agent location which in this case are commercial banks/deposit money banks licensed to payout money transfers.

Requirements

Visit any of the paying banks like Polaris, GTBank, Fidelity bank etc with your valid ID card (Voter’s card, international passport, driver’s license or BVN).

Ensure to go along with the transfer details as sent by the sender which include;

  • The reference number/money transfer number in this case
  • The sender’s name
  • The amount being sent
  • Sender’s address
  • Phone number where necessary etc

You should then complete the receipt process in the following steps

Step 1. Visit the bank as advised and walk straight to the money transfer desk, on arrival tell the officer you want to receive a sharemoney transfer.

Step 2. You will be asked to complete a form to this regard. Pay attention to details and provide every necessary information on the transfer form accordingly. Hand in your ID card as advised.

Step 3. On completion, hand in the form to the officer who in turn processes the transfer all things being equal you will receive the cash immediately to the tune of sent amount in USD only at this time in Nigeria.

Sharemoney tracking

This is the practice where either a sender or receiver knows the exact position or status of a transfer completed at a particular time.

With tracking you can understand if the transfer has been paid, available for pick-up or withheld for whatever reason.

You can track your transfer here.

In the field displayed, insert your money transfer number and click “Track.”

Share money app

To use the app, kindly get one here.

Share money limit

It has a minimum transfer amount of $20 and maximum transfer amount of $2,999 this is usually the limits every 15 days.

You can transfer up to $9,999 every 180 days. However, you may send $9,999 within 15 days but subject to provision of additional information as deem fit by the company, amount from $10,000 and above is not advisable on this platform since it may attract huge charges.

Fee

It charges a flat transaction fee inclusive of a small percentage of the sent amount, it’s fees usually starts from $2.99.

Read also: Remitly transfer: How to send and receive money in Nigeria 2021

Share money has a competitive exchange rate with recourse to the country you’re sending the money to anyway.

Customer service

If you have issues or wish to contact share money, kindly use any of the below contacts

Email: customerservice@sharemoney.com

Or c/o Customer Service, 580 Sylvan Avenue, Suite M-J, Englewood Cliffs, NJ 07632.

Phone: (833) 819-0119.

Conclusion

Sharemoney is one of the reliable money transfer solutions you can think of.

However, it’s categorized under “Funtech Global Communications” in Nigeria.

The money transfer number may come with different prefixes like CXIT, FTF but most prominently FGC. It may come as i-transfer or sharemoney as always presented by receivers.

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