What Does Paribus Do?
Most retailers offer price-matching on purchases if you find a lower price within a specified period of time, usually 7 to 15 days. I don’t know about you, but this is something that happens to me a lot. I buy something and the next week it goes on sale. But, I don’t have the time to initiate these refunds or watch for price-drops religiously. Paribus is an online service that tracks your online purchases for lower prices and requests a refund if it finds a lower price.
The Paribus Sign-Up Process
You need to register with the email address where you receive your online shopping receipts – all major mail services are compatible. If that’s more than one email, you will need to register a separate account for each. Paribus will need access to view your email. The system then searches for incoming receipts. It only collects information from those emails so you don’t need to worry about them reading your personal emails. If that is a concern to you however, just sign up for a dedicated email to send your receipts with a service like Gmail.
Special Considerations for Amazon
You need to link up your Amazon account by providing the email address and password you use for making purchases. Paribus ensures, “Data is transmitted securely via SSL (TLS 1.2) bank-grade encryption. Any sensitive information stored is encrypted using AES-256.”
What About Getting Paid?
Finally, you need to connect a credit card. As any of your online purchase refunds are credited back to the card used for the purchase, this is how Paribus will collect their 25% cut of any refunds. They will simply charge your card for that 25% fee. They do not charge anything should they collect no refunds. All credit card information is handled by Stripe. Paribus never receives your full card details.
The Good and Things to Watch For
I apparently experienced a glitch connecting my Amazon account. My purchases weren’t showing up in my Paribus account and, unfortunately, it wasn’t something I caught right away. I hadn’t logged in for awhile. (Set it and forget it. Right?) I’d recommend checking your Paribus dashboard two to three days after you receive a shipping notification to make sure everything is linking correctly.
Something that really made me take notice was when I purchased something that was not fulfilled by Amazon (Amazon only offers 7-day price protection on things they sell and ship.) Paribus still let me know they found a lower price and I may be able to get a refund of the difference from my credit card company. I use Discover. They offer 90-day price protection on purchases made with their card. Very cool!
You can create your Paribus account for free. They only charge 25% of any refund when they successfully initiate one. Your first refund is free!