I do a lot of my shopping online, especially during the holidays. Online prices fluctuate frequently and it’s always disappointing when you find out the item you purchased is now lower in price. Many stores do offer price adjustments within a short window but it’s time consuming to continuously check to see if your item has a price drop.
In comes Paribus, an online tool that keeps track of your online purchases for select retailers and submits claims on your behalf. Paribus benefits by getting a commission of 25% of your savings but you won’t have to lift a finger.
Signing up for Paribus
The way Paribus works is that when you sign up using your preferred email account, you give them access to capture your purchases through your email.
If you feel uncomfortable giving them access to your personal email account, I suggest setting up a free gmail account and have all your purchase receipts go to there. This way you have a separate “shopping” email account.
Next it will ask you to link your Amazon account. Amazon used to give refunds after you purchase an item through them but they have stopped doing this for everything except TVs so you can skip this part.
Afterwards you need to enter a credit card because after you get a successful claim with a refund, Paribus will take its 25% cut by charging your card.
Paribus will actually cut this fee by 5% for each person you refer to them. I’ve included my referral in the link but feel free to add your referral link in the comments. You are allowed a maximum of five referrals and there is an expiration date on the savings. Click on this referral terms link to read more information about it.
What Merchants Do Paribus Support?
Paribus only handles a handful of merchants but they are continuing to add more. As of today they are:
How Does It Actually Work?
Paribus scans your email looking for receipts and includes each item purchased on the “My Purchases” tab on your account in Paribus. They continuously monitor the price of purchased items and when they find a price drop within the merchant’s price adjustment time frame, they will send a claim through your email account on your behalf. Below is an example of an email that they have submitted for me:
I quickly received an email back from Kohls saying that they will be issuing me a refund for the price difference. Yay!
Paribus also indicates on your account when they are successful in getting you a refund.
After a successful refund, Paribus will send you an email of the fees that they will charge you for saving you money and they will charge the card on file.
What Happens if the Price Drops Outside the Merchants Time Frame?
Your credit card may offer price protection (usually up to 90 or 120 days) and Paribus is currently in a Beta stage of handling the claim for you. They currently only support Chase and Citi Cards but it looks like they are working on adding Capital One and Discover.
When you click on Chase or Citi, you can see the cards that they currently support. They require you to enter your credit card information so they can track your purchases. I personally haven’t used this but it could be another useful way in getting back money for little effort.
If you don’t feel comfortable giving Paribus your credit card information, you can do it yourself. I’ve written about how you can submit a price protection claim for Chase credit cards on this post here.
Hopefully you’ve found some useful information here and happy shopping!