How many times have you made a purchase only to find the item you bought went on sale for less? It’s happened to me more times than I can count.
In fact, just last month I bought a great pair of black dress boots online. The ad that came to my email inbox said the boots were on sale for $39.99, which I thought was a good price. So, I added the boots to my online cart, selected the free shipping option, and completed the purchase.
The following week I got another ad from the same store and saw that the boots I had purchased were on sale for an even lower price – $25.
I’m not giving up a $15 savings, so I went back online and quickly ordered the $25 boots and had them shipped directly to a store location near my home.
When the first pair arrived at my house, I brought them into the store, returned them, and picked up my ship-to-store package that contained the second pair of boots.
It was an inconvenience I could have avoided, had I known about a money-saving app called Paribus.
What is Paribus?
Paribus is a service that helps you get money back when prices drop on items you’ve purchased online.
With its independent online price monitoring service, you can automatically find out if you’re owed a refund from eligible stores.
Here’s how it works: You start by signing up for a free Paribus account on their website, which takes less than a minute. You can also download the easy-to-use Paribus app on your phone.
Then you connect the app to your email inbox. This allows the Paribus Receipt Fetcher to identify online purchases. Or you can simply monitor price adjustment refunds via email access on your PC or laptop.
If you have more than one email address you use for online purchases, you can open up a Paribus account for each email address you use for online shopping. Email accounts cannot be linked together on one Paribus account, however. Perhaps this will be a feature they add later.
After you sign up, the Paribus Receipt Fetcher works to monitor the receipts that come into your email box (or boxes) and checks for price drops for the items on the receipts.
Once an eligible claim is detected, Paribus contacts the retailer on your behalf and files a claim requesting a refund.
When an eligible price adjustment is approved from the retailer, Paribus makes sure you get your money back – all of it. You get to keep 100% of the savings.
You don’t even have to give Paribus access to the credit card you paid for the purchase with. The refunding store will simply credit the difference to the credit or debit account you paid with, or give you a store credit for the adjusted savings amount if a refund to your credit card isn’t an available option.
Depending on the retailers, refunds are usually received within three to seven business days from Paribus.
Does Paribus Really Save Users Money?
Since its inception in 2014, Paribus has filed over $6.5 million in claims for its users. Paribus algorithms work by first identifying recent purchases (those made in the last 30 days) based on shipping and order confirmation emails found in your email inbox.
When price differences are found, Paribus goes to work on your behalf and doesn’t charge any fees for its services. As mentioned earlier, it’s free to sign up for Paribus and they put 100% of any price adjustment refunds back in your pocket.
Eligible Stores That Are Monitored By Paribus
Paribus works on your behalf to monitor dozens of different stores and is continuously working to add more stores to its list.
Paribus currently monitors receipts from many well-known retailers including Kohl’s, Old Navy, Target, Walmart, Sears, Wayfair, Costco, to name a few.
Is Paribus Secure?
Paribus uses bank-level security with 256 bit SSL encryption.
They also use various multi-level security mechanisms such as intrusion prevention systems, stringent access controls, VPN (virtual private network) services and dedicated firewalls, all in the name of keeping your personal information safe and secure.
Do I Have to Use a Certain Email Provider to Use Paribus?
Paribus supports most major webmail service providers including Gmail, Yahoo, Outlook, AOL, Comcast, Cox, Live, AIM and Hotmail and are working to add more email partners.
What Else Do I Need to Know About Paribus?
Paribus is an independent, online price monitoring service that works to find refunds for purchases made at online, eligible retailers and stores. It doesn’t support in-store purchases at this time.
The service is designed to help customers take advantage of the money saving policies these stores have chosen to offer so that you don’t have to pay more than you need to for the things you purchase.
Also, it’s important to remember that retailers have different refund policies and that these policies may occasionally require additional action from you in order to complete your refund.
Whenever possible, though, Paribus obtains a refund without any interaction from you. And Paribus doesn’t scan all of your emails – only those with transactional data.
At this time, Paribus is only available for purchases made in the United States. Paribus does not sell your email or other personal information either. They’re committed to keeping your personal information confidential.
Paribus makes it easier to save money for customers when items they’ve purchased have gone on sale. As I’ve personally experienced, it takes a lot of work to get a lower price on an item after you’ve already purchased it. Monitoring all of the store ads that might have additional money savings on prior purchases you’ve made is also not very realistic for most people to keep tabs on.
Paribus takes that job off your hands and finds those savings for you, leaving you more time to devote to the things you enjoy in life.
Save Money Using a Robot
How would you like to save money without having to do much effort? Well, now you can.
There is a free tool called Trim which will cancel your unused subscriptions, find you cash back, and renegotiate your bills for you. All you do is sign up, connect an account and their robotic assistant will email you ways that you can save money.