Frequently Asked Questions
Frequently Asked Questions
Our frequently asked questions are all the question emails we get daily. We regularly update this page to help our users find help easily.
What is sharp trade?
Sharp trade is a platform where people take advantage to exchange foreign currencies at the best exchange rates and can even transfer from one place to another using our agents all over the world. Sharptrades also offer escrow and can help you make a transfer for services, products bought in other currencies or even payments for school fees or application fees abroad.
How do I use Sharp trade?
There are different ways to use sharp trades to your advantage;
- You can use the marketplace to add a trade to sell or buy a currency, to pay for goods or services e.t.c and you can negotiate with other marketplace users.
- You can contact us through the website for escrow when you are in a transaction with people or individuals you do not know.
- For urgent case, we also sell currencies Euro, Dollar, Pounds, XOF, Naira
Benefits of Using Sharp trade?
- Best exchange rates compare to international financial remittance company.
- Your money is 100% save with our escrow service and you save up to 30% on exchange rates and fees.
How Do I Add A Trade?
To add trade, the drop down menu “how it works” on the home page is add trade or on the page how it works is a link to add a trade.
How Do I Become an Agent?
To become an agent, complete the form on our website “become an agent”, make sure you pick a unique referral ID of your choice, choose also a password you can remember because you cannot get paid without your ID and password. Give the referral ID you picked to people you refer and they must include it when filling any form for a transaction to indicate who referred them. You get paid for any successful transaction.
My Benefit As An Agent?
As our agent, you earn commission on any transfer done through you. For example, 10,000 USD was transferred through you, you get a 30% commission on fees.
Escrow introduced through you and you get 30% on fees. You can make up to 100 Dollar weekly as an agent.
In a transaction, Agents will be involve directly with customers from their local area, city or country. They carry out transactions which they can handle. Agents will get more information when in a transaction.
Agents with a particular level gets free escrow service for transactions less than 200 USD
What Is Escrow?
An escrow is a financial arrangement where a third party holds and regulate the payment of the funds required for two parties involved in a given transaction. It helps make transactions more secure by keeping the payment in a secure escrow account which is only released when all of the terms of an agreement are met as overseen by the escrow company.
How Long Does A Transfer Take With Sharptrade?
The time frame usually depends on the currency, recipient bank and week or weekends. Usually for some currencies like the naira, less than 2hours after confirmation of your funds. While others can take 2-3 business days after confirmation of funds.
Price For Escrow?
Our price for escrow is the cheapest you can find anywhere. Naira and other African currencies we charge 1100 for every 50,000. USD, EURO, Pounds, we charge 2.5%
If you do not find help in the frequently asked questions, send us a mail contact us.