The Bottom Line: Paribus is a free app and web tool that monitors your online purchases and carries out price protection claims on your behalf. It allows you to get money back on purchases you have already made if the price drops.
Did you know that if something you bought online goes on sale shortly after purchase, you’re entitled to a refund of the difference?!
Ok, that may not be a news flash for everyone, but it was to me when I found out about an app called Paribus, which works for you to earn that money back.
In other words...attention online shoppers!
I’ve found a way for you to save your hard-earned cash.
Service: Price protection monitoring
Promotion: No current promos
What is Paribus?
FOMO, or “fear of missing out,” hits hard when you realize you could’ve paid significantly less for something...after you’ve already paid for it.
And it’s just plain annoying.
That’s why many online retailers and credit cards offer price protection, in which customers can get a refund on the difference if the cost of a purchase drops within a certain time of their buying it.
But seriously, who has the time or patience to track websites to see if this happens?
This app and web tool, with your permission, tracks your past orders for price reductions and sales.
It even makes claims for you, so after the initial download there’s essentially no work involved.
For example, say you buy a new pair of shoes on Target’s website for $60. Then a week later, they go on sale for $40.
Paribus will find the sale, make a claim on the amount due to you, and then ensure a $20 return on the credit card you used to buy the shoes.
So far, Paribus claims to have earned its users over $20 million in refunds since its inception!
How does it work?
Here’s a step-by-step breakdown of how Paribus works:
1. Sign up with Paribus using the email you use to online shop. In doing so, you give the app permission to access your email receipts and order forms.
This way they’ll know of everything you’ve ordered. Paribus supports Yahoo!, Gmail, and Outlook.
2. Paribus tracks all items you’ve ordered for the last 30 days.
3. When it sees a price reduction on something you’ve purchased, it will make a claim to the money you’re entitled to.
4. The claim is approved, and refunded to your credit card.
You really don’t have to do anything. Occasionally the retailer will ask you to fill out a short form, but that’s it.
In the odd cases that the retailer cannot refund you, Paribus will then take the claim to your credit card company, who usually offers price protection as well.
Plus, Paribus even works to get you compensation for late delivery charges!
It really works to maximize your savings, so you don’t have to.
Is Paribus App Safe?
I bet when you were reading about email permissions and credit cards, you started thinking,
“Oh, there’s the catch. I give this app my email, and soon I’ll be getting spammed with tons of junk mail. Or they’ll steal my credit information.”
Well, I thought about that too. So I did the research, and Paribus appears safe to use.
Firstly, I just want to point out that it's owned by Capital One, which is a well-known, reputable company.
Here is some more information regarding security, pulled from their FAQ:
Does Paribus store my password?
Paribus does not store your email password. If you choose to provide your Amazon credentials, we will display itemized detail of your amazon purchases on the dashboard. We will store your Amazon username and password in an encrypted format.
Does Paribus sell my data?
No. Paribus has not and will not sell your data.
Is your credit card secure?
You do not need to put a credit card on file with Paribus to take advantage of our price drop and late delivery monitoring services.
Are all my emails scanned?
No. Our technology only scans for emails that are relevant to saving you time and money -- such as emails that reflect a purchase or transaction.
Our systems capture email subject and sender information from your inbox, then use proprietary logic to identify which of those emails appear to be receipts or shipping confirmations from the 29 retailers we price check.
We do not read or open any other type of email.
Paribus also has an A+ rating from the Better Business Bureau, and while there are a couple negative reviews on there, they seem to be from people who don’t understand how the app works.
If you’re tempted to try Paribus but are still wary, I recommend creating an email solely for online shopping.
What brands & retailers does Paribus monitor?
Unfortunately, Paribus can’t pull this off with every retailer in the world, but they most certainly cover the big ones!
Paribus currently supports online shopping with 28 major brands, including Staples, Macy’s, Best Buy, and Costco. Check out the full list here.
As of now, Paribus is only available to US shoppers.
How much does Paribus cost?
Before being bought by Capital One in 2016, Paribus used to keep 25% of all purchases.
But now, it’s entirely free to use!
Pros & Cons
Should I use Paribus?
The only reasons you wouldn’t are:
- You don’t live in the US, or
- You don’t online shop with only of the supported retailers
Check out the list of online retailers Paribus works with, and if any catch your eye, I recommend downloading this app.
It’s free, requires zero effort, and can earn you some significant extra pocket money.
What is there to lose?