I know it has happened to all of us. You hit the BUY button on that must have item. Then, a few hours later, you come across the same thing on another site — for LESS than what you paid!! UGH! This is one of those “kick yourself moments” — or at least it use to be.
There is a brand new service available called Paribus – which will actually help you get your money back!
Of course, I had my questions about this app and how it worked, so I took some time to check it out myself.
HOW IT WORKS
It is pretty simple really. Stores often offer a guarantee that if the price drops after your purchase, you can get your money back. The only catch is that you have to ask them for it. I don’t have time to keep checking to see if that happens – – and neither do you. Enter Paribus. They do this for you.
You just have to sign up with your email and then simply connect the accounts you might shop at, such as Amazon. It also scans your in-box for any receipts that might come through. You do nothing differently. Just shop as usual. That is when Paribus goes to work.
It will start to scan the Internet for the price drop, missed coupon or better deal for any of the items you have purchased. If they find something, a claim is automatically submitted on your behalf. You literally do nothing at all for this to happen.
If they do find you cash back, they deduct 25% as a commission, and then you get the rest. So, if it is a $1 savings, you will get $0.75 and they will get $0.25. However, if you share the service with the links they provide when signing up, you can drop your commission percentage — so watch for that. Best of all – if they find you no money back – they charge you NOTHING. Zero. Zilch. Nada.
It is just like that moment you find the coupon for the laundry detergent — after you bought it. You are pretty much stuck. However, if Paribus can find the on-line coupon or discount, it will take care of getting you your money back!
WHERE DOES THIS WORK?
There are merchants that Paribus currently works with: Target, Walmart, Amazon, Staples, Gap, Old Navy, J. Crew, NewEgg, Zappos, Macys, Bloomingdales, Bonobos, Nordstroms, Athleta, Piperlime and Banana Republic
You truly do nothing differently with your shopping habits. Grab the items you need with the peace of mind of not having to worry if the price drops tomorrow or if a coupon code is around that you did not see. It is truly no risk.
WILL IT WORK FOR ME?
If you do not shop much online, then this is probably not the best app for you. It is designed with the on-line shopper in mind. Even if you only shop online from time to time, it is worth signing up because it is totally free and you never know when it will find you some free money!!
You will have to give it access to your account where your receipts are sent. Some may not feel comfortable about this. So, the work around is to make a NEW or “dummy” email address that you use for shopping online. That way, only your shopping receipts are in the account which Paribus accesses, keeping them out of your “good” account. (This is honestly a smart way to shop online anyhow).
Keep in mind that they are not “live” in your inbox. Your account is still secure. My good friend J. Money with Budgets Are Sexy actually completed an interview with the owners and asked them this very question. Here is what he was told:
“It’s our biggest challenge. And we hope that as our member base grows, we will prove that we’re working day and night to defend our members’ interests.
We are taking all the precautions we can to adhere strictly to security best practices. A few things:
First, Paribus does not live in your inbox. It places webhooks to detect and pull store messages based on sender and subject alone. So, inbox security stays under the supervision of companies that you already trust (e.g., Google and Microsoft).
Second, security is embedded through our entire architecture, including dedicated firewalls, VPN services, intrusion prevention systems and stringent access controls.
Third, Paribus complies with the Payment Card Industry Data Security Standard (PCI DSS). Complete credit card information is never stored on Paribus servers. And we use Stripe, one of the world’s most secure payment processors, to handle all transactions.
Fourth, data is transmitted securely via SSL (TLS 1.2) bank-grade encryption. Any sensitive information stored is encrypted using AES-256 encryption.”
HOW TO YOU JOIN?
It is very simple (and free) to get started. Follow these steps:
- Sign up with Paribus.
- Attach your accounts (they will prompt you for the details).
- Shop as usual.
One really awesome thing that happens when you sign up is that they will go back 30 days on all of your shopping accounts to see if there is already money waiting for you!
You will see what happens right on your dashboard, which will look something like this:
So, what are you waiting for? Why not give Paribus a try. You are out nothing at all — except for getting MONEY BACK!