(This post contains affiliate links – please see my disclosure policy in the footer).
Wouldn’t it be amazing if you could get cash back if a product you recently bought reduced in price a few days later?
It’s super annoying when that happens and can even if damage your trust in the retailer or manufacturer of the product.
The Paribus app not only secures you a refund for the difference in price when a product’s price drops, but it also does the donkey work for you by automating the process so you don’t have to apply for your refund.
On the face of it this sounds like the dream app for savvy savers.
Afterall, who doesn’t love a bargain?
But is it too good to be true? Can Paribus be trusted? Is it worth your valuable time?
Just a few questions this article will cover, so let’s have a look.
Can Paribus be trusted?
Probably the most important question when you’re considering any app, especially one involving money.
The good news is that Paribus is a Capital One company. Capital One is ranked number 10 in the list of the largest banks in the US.
On that basis, I am pretty comfortable that Paribus is completely legitimate.
Capital One are a household name so it’s unlikely they are going to back a scammy or illegitimate app.
How does Paribus work?
Essentially, Paribus connects to your email account via the email you use for your online shopping.
The app then scans your emails looking for purchases you’ve recently made from supported retailers and when it spots that a price has dropped since you bought something, you get a refund.
Not only does Paribus track price drops but it also tracks other things like late deliveries so it can get you compensation when an item is delivered late.
It also tracks price drops when a hotel you’ve recently booked to stay at changes its cost per night.
It also tracks return windows so you can keep track of cut off dates when your purchased items can be returned by.
Paribus supports 25 of the biggest retailers in the US including Amazon, so it’s comes with fairly extensive support and coverage.
Saying that, you can never really have too many supported retailers as you obviously want to get cashback from everywhere you shop.
It would be nice to have a few more supported retailers but, honestly, what can’t you buy off Amazon nowadays anyway?
How do I get Paid?
Getting payment is super simple and easy.
You just put your bank account details into the app and then Paribus will automatically refund you as and when it secures a refund.
There are no transaction charges and there’s no minimum threshold amount you have to reach before the refund is provided.
Paribus even emails you to notify you when a refund has been secured.
It really is an effortless process.
How do I join?
The sign up process is completely effortless.
Just visit their website, sign up using your Google, Hotmail or Yahoo account and you can then download the app.
It’s vital that you put in the email address associated with your online retailer accounts otherwise the app won’t find the receipts for these retailers.
The app will then scan your emails looking for recent receipts and will inform you if it finds an eligible price drop so it can secure you a much welcome refund.
Should you download the Paribus app?
The app is absolutely free so you’ve got very little to lose by downloading it.
If you’re buying a lot of items online, and let’s face it, who isn’t these days, then it’s a no brainer as I see it.
The app is super easy to use and pretty much foolproof to set up.
The best thing is, once it’s done, it takes very little maintenance – it just does its thing!
Whilst the number of supported shops is limited, the most important thing is that it has the main players on board.
I do something like 50% of my online shopping using Amazon so I wouldn’t be without it!
There are definitely savings to be had and who wouldn’t like a few unexpected extra dollars being returned to them.
The Good, the Bad and the Ugly
- It’s completely free;
- Easy hassle free set up;
- The app is simple to use;
- Many major retailers;
- Great savings to be made;
- In genius and unique idea.
- Limited number of retailers;
- Some people may feel uneasy with it scanning their emails (although there is no data breach risk whatsoever).
- I am glad to say, I couldn’t find anything particularly ugly about the app.
Paribus is the ideal app for those of you who hate paying above the odds.
And I am sure that’s pretty much everyone.
The app is sleek, easy to set up and best of all, completely free. What have you got to lose?
Whilst it does have some limited application with only 25 retailers currently signed up, that is mitigated by the fact it has many of the big players on board!
So, if you love saving money and are excited by the idea of surprise cash you didn’t expect to have, then the Paribus app is definitely worth a look.
(Paribus compensates us when you sign up for Paribus using the links provided.)