WeShop Holdings Limited Reviews 977

TrustScore 2.5 out of 5

2.7

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Review summary

Created with AI, based on recent reviews

Evaluating 88 reviews, most reviewers were unhappy with their experience overall. Many customers expressed significant dissatisfaction with the payment process, finding it difficult to withdraw funds or sell shares, with some reporting that their accounts were closed due to inactivity, leading to a loss of accumulated shares. People also frequently criticized the pricing structure and the subscription model, feeling misled by the company's promises. The app's functionality also drew negative feedback, with users experiencing issues logging in or having their accounts deactivated. While some found the website ambiguous regarding withdrawal policies, a few other people also felt that the website was easy to use and appreciated the seamless redirection to retailer apps.

What people talk about most

Website

Consumers find the website experience to be ambiguous, with many reporting significant issues. Several users... See more

Payment

Clients share negative opinions on payment, with many expressing frustration over the inability to withdraw... See more

Price

Reviewers highlight negative aspects of price, with many expressing significant dissatisfaction over the... See more

Subscription

Users describe negative interactions with subscription terms. Many customers report that the company changed... See more

Application

Customers consistently report negative experiences with the app, with many expressing extreme dissatisfaction... See more

Reviews shaping this summary

Rated 2 out of 5 stars

Waited over 2 years and 5 months and still getting same old message within you can’t withdrawal because it’s waiting for third parties ! I thought to trust WeShop from beginning as I thought it... See more

Rated 1 out of 5 stars

This company are a bunch of scam artists. This “shareback” scheme they offered basically used the customers to pump the price up of the shares when they went public, so their investors could sell ther... See more

Rated 1 out of 5 stars

Massive Scam. I started investing and purchasing through WeShop in 2022. After three years of being unable to sell my shares or do anything other than buy more, they quietly changed their terms and... See more

Rated 1 out of 5 stars

£750 worth of shares that I have had in my account for over two and a half years and I cannot sell them as they still are not on a ‘stock exchange’ and they have not had a formal update about it sin... See more


Company details

  1. Online Marketplace

Written by the company

WeShop® no longer responds to Trustpilot reviews. If you have any questions, please contact customer services (https://help.we.shop). WeShop® is a shoppable, social network, on a mission to be majority owned by its community. WeShop® is not a cashback site, and does not hold funds on behalf of its users. WeShop® users have the ability to earn Shareback® when shopping at over 500 supported retailers, and inviting their friends who make a purchase. For all updates, please refer to our News section on the website (www.we.shop) or read our Frequently Asked Questions here: (https://we.shop/wshp-update-timeline) WeShop Holdings Limited is registered in the British Virgin Islands. Company registration number: 2046056.


Contact info

2.7

Poor

TrustScore 2.5 out of 5

977 reviews

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Hasn’t replied to negative reviews

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Rated 1 out of 5 stars

Don’t fall for it!

Was lured into this by numerous influencers peddling the “free money” message as well as the guaranee of cashing out your shares after 12 months. I also fell for their high profile marketing campaigns thinking surely Beckham and Tommy Fury or Soccer Aid wouldn’t promote a scam. Influencers were used as a marketing tool and given special access to make more bonuses if signing up through their code and only the influencers were seemingly able to cash out on their purchases. Low and behold they all went quiet and the “Shareholders” were given a vote on how to grow the company and whether to reinvest shares to do that rather than allow people to cash out. (I and many others didn’t hear a peep about the vote, check out the various reddit threads) They voted for. Keep in mind that the majority shareholders are the CEOs of the company itself therefore “public” vote was deemed useless. I started using it in March 2023 and am yet to be able to sell any shares to cash out. Stick to Top Cashback! Don’t fall for it and overspend thinking you’ll get that money back one day. They can’t possibly put a value on the shares - they’ve valued the shares themselves. When it’s floated on the stock market the share value will plummet and be worthless. What a scammy company.

October 15, 2024
Unprompted review
Rated 1 out of 5 stars

Has anyone actually been able to cash…

Has anyone actually been able to cash in their shares? The story from Weshop has changed numerous times since I’ve been a member. The last update it was mean’t to be listed on a stock market in September 2024. This didn’t happen. Now there is no date specified at all. The premise of the site is misleading, it appears you will be able to sell your shares after a holding them for 12 months. This is not the case.

Whilst the site is low risk- you accumulate shares from shopping- do not be tempted to overspend, particularly on their 100% cashback deals, thinking you will get the money back, it’s highly unlikely you will.

October 15, 2024
Unprompted review
Rated 1 out of 5 stars

Absolute scam

Absolute scam, all the positive reviews are clearly fake. The shares are worthless, they aren’t worth what this company says they are because you CANT sell them… the apparent floating of the stock market just gets put back and put back so i’d like to know how these shares (which you can’t sell) are worth what they say? Nobody will ever earn any money from this company and i’d stay well away

October 14, 2024
Unprompted review
Rated 1 out of 5 stars

Major scammers

After me and my wife have been using this 'reward' scheme, of which there are many to choose from, it truly appears that this is a scam, kicking the can of being able to 'cash in' your 'shares'..... These guys pushed through a vote..... To pause withdrawals... Shocking that they are still going, avoid at all costs

October 7, 2024
Unprompted review
Rated 1 out of 5 stars

Misleading…

Misleading…. Seemed like a good idea at the time, had a few purchases with 100% ‘cash back’ but you get given shares after 12 and you have to wait for someone to buy the shares. Has anyone actually sold any shares and received any ‘cash back’?

October 2, 2024
Unprompted review
Rated 1 out of 5 stars

Very much looking like a con

Very much looking like a con! … borderline ridiculous now. 18 months after being promised a release of shares, 2 release dates missed and another push back of ‘release date’.
Amateur and embarrassing. Stop using.

September 29, 2024
Unprompted review
Rated 1 out of 5 stars

Complete waste of time

Had shares worth thousands go missing over 14 months ago. Apparently the retailer hasn’t approved the purchase and won’t release shares and WeShop are about as useful as a chocolate teapot trying to get anything back. Can’t wait for the same old automated response rather than getting any help trying to get your shares. Wouldn’t hold your breathe thinking your going to get anything out of this company. Absolute con artists

September 28, 2024
Unprompted review
Rated 1 out of 5 stars

Hmmmm

Hmmmm. I vaguely got sucked into this scheme near the beginning (couple of years ago?) but quickly reverted to my usual cashback site after reading reviews that people weren't able to cash in on shares/ changes or moves in deadlines that never materialised. And i basically forgot about weshop (I've even silenced the WhatsApp group I was invited to- don't feel I can leave it as my friend is the 'concierge' lol).
I do however have a small amount in 'shares' and this morning thought I'd see if was time to do something with them. But guess what- another deadline missed, another date not specified, more vague explanations. Same old story 😅 And now they say when you sell your shares there will be a fee to pay to a stockbroker?!!!
So whilst it might all come to fruition, and if it does then yes, it's a better return than cashbacks sites, I suggest stay clear. I've had £750 cash back from a cashback site in the last 18 months- money I can use, money that was easy to withdraw and that I didn't have to pay to get out or open extra accounts with. Weshop has not turned out quite as expected........

September 21, 2024
Unprompted review
Rated 2 out of 5 stars

I’ve enjoyed we shop up until now

I’ve enjoyed we shop up until now, but being unable to meet their September deadline for shares to be withdrawn is disappointing and does support the view that the whole thing is a con. So far I’ve received none of that money back and I will think it is in a con until I have.

(Happy to edit this review in the future, but that’s how I’m feeling right now)

September 16, 2024
Rated 2 out of 5 stars

Would avoid until they are able to payout

Disappointed in this company. Looks great on paper however their promotions are misleading. When I signed up 2 years ago I was told you would be able to cash your shares in after a year. I now have £2.5k in shares however am unable to get the payout until they find a buyer on the shares market. As this keeps getting delayed I am unsure whether this will ever happen. Until it does I have stopped using this app and have gone back to using other cashback apps. I do not hold out much hope.

September 19, 2024
Unprompted review

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