I recently learned about Paribus, an app that helps you automatically get the best price on a purchase. There are a number of stores out there that agree to price match, but in order to be sure you’re getting the best deals, you have to be doing a whole lot of monitoring and checking of prices and sales. And let’s be honest, who has time to do that, especially after you’ve made your purchase? I admit, I’m not even the best about making sure that I’m purchasing at the lowest price. I do a few searches, but I certainly don’t scan every store to make sure that yes, this price I’m paying is the best price available.
That’s where Paribus comes in – a price monitoring and savings app.
And though it is a deal, Paribus isn’t free. But wait, hear me out. You won’t ever pay anything for Paribus until they get you money back. And all you pay is 25% of that refund. So you still get money back, money that you wouldn’t have had if it weren’t for Paribus. You can even have that 25% fee reduced – for every friend you refer to Paribus, 5% of the fee gets chopped off. Refer five friends? No fee!
Plus, let’s be honest. Nothing is really free. So many “free” apps are hugely ad supported. Paribus doesn’t make you watch ads. And since you don’t pay until they get you a refund, this gives the company incentive to get you the most money possible. Each refund is a win for everyone.
Clearly, I had to try it out.
Here’s how it works. Paribus monitors your email account (and you can link it to your Amazon account too) and every time you shop at one of your sites, they pull that purchase information into the app. Then the wonders of the Paribus programming does its work and hunts down whether a better price is available and continues to monitor these prices. When a lower price is found and you are due a refund, Paribus does all the work for you! They contact the company and provide the necessary information to get you your refund, which is credited back to you, typically in the form of your original payment (so money back to your credit card or debit card in most cases).
How does Paribus get paid? They can’t take money out of the refund, so what you do is enter your credit card information and when your refund is credited, they take their 25% cut.
Downloading and logging in was easy. Paribus is available for both iOS and Android, so I already like them. I linked my email account and I was up and running. As soon as I made a purchase, Paribus was there, monitoring for price drops.
Paribus isn’t yet working with every store out there, but they’ve got a solid list of very popular stores, and that list continues to grow. The list includes:
- Best Buy
- …and many more
On the app, you can see recent payouts, and it looked like the day I wrote this, Walmart and Gap were the big winners. Some of the savings was small, some quite large. But as we all know, that money adds up.
As part of my Paribus review I did a bit of quick searching, and I found comments from people on social media indicating that people are definitely saving money with Paribus. Of course, how much you save all depends on how much you’re spending. If you buy a $20 item, you’re less likely to be getting a chunk of cash back. If you buy a $400 item, the odds are much higher for a good refund.
If you want to use Paribus, you need to be aware that you are giving them a lot of information – email, credit card, and sometimes Amazon account access. Not everyone is going to be comfortable with this. The risks are likely quite low. Credit cards come with a lot of protections, and many different products use things like your Google Account to give you access to services. But this is a step that not everyone is going to be willing to take. Paribus is also aware of this and they answer a number of privacy questions on their website.
I think the risks with Paribus are relatively low, and if like me, you do a lot of online shopping, the potential rewards are high. Take a look at Paribus and give it a shot. Before I put together this Paribus review, it was the sort of app I wouldn’t have considered, but now that I’ve looked into it, I think it’s going to be worth using.
This Paribus review was sponsored, but all opinions are my own.