If you are looking for unique ways to save money, Paribus sounds like a pretty appealing option. While many money-saving solutions focus on helping you save before you spend, Paribus helps users get money back on purchases they have already made. Other apps and websites act as search engines that allow users to search for promo codes and find the best cashback awards, but Paribus monitors past purchases and promises to provide refunds when a price drops after a customer orders. It also claims to get money for users when a package fails to arrive by the guaranteed delivery date.
Pretty amazing, right?
Paribus is a powerful tool that can help you save a significant amount of money when shopping online. And while it may sound a bit too good to be true, rest assured that it is 100% legit and owned by a brand you can trust – Capital One.
So, how does it work, exactly?
I’m glad you asked! Keep reading to learn about Paribus, how it works, and whether it’s right for you.
How Paribus Works: The Basics
We’ve all bought something online only to notice a few days later that the price has dropped or the product is now on sale. Or we’ve paid extra for expedited shipping or an Amazon Prime account only to have our orders arrive after the guaranteed delivery date.
Paribus promises to pay you back if you experience either of these all-too-common issues. Many consumers don’t realize it, but most large online retailers have price guarantees. Many also have on-time delivery guarantees. If the price drops on an item you’ve recently purchased or your order doesn’t arrive on time, you may be entitled to a refund under these guarantees.
For most people, though, there simply isn’t enough time in the day to continually monitor the prices on the items they’ve purchased. It’s a bit easier to keep track of orders that don’t arrive on time, but filing claims in either situation is time-consuming. Even worse, many buyers aren’t even sure how to go about filing such a claim.
That’s where Paribus comes in.
When you sign up for Paribus, they instantly start monitoring your purchases, and if they find a problem, they file a claim on your behalf.
How Your Purchases Are Monitored
Paribus users sign up using the email address they use most frequently for online shopping. They give the app access to scan their inbox for receipts from the retailers they monitor. Once they find a valid purchase, they import the price you paid to their database and start monitoring the product price. If the price drops during the price guarantee period, they request a refund for the difference on your behalf. They also contact the retailer and request a refund for any packages that do not arrive by the guaranteed arrival date.
You can also link your Amazon account and debit or credit cards to Paribus for even better monitoring. Doing so, however, is optional. If you do choose to share this sensitive information, rest assured that the company takes privacy seriously and does not sell or share information with third parties.
How You Are Paid
If Paribus gets you a refund, the funds are sent directly to your linked bank account. If you prefer not to link a bank account, you can choose to have refunds deposited into your PayPal account. While apps like Dosh and Ibotta require users to accumulate a certain amount of money in their accounts prior to cashing out, all Paribus refunds are paid immediately.
How Paribus Makes Money
Paribus is free for users, so you may wonder how the company makes money. The answer is actually quite simple. They retain a percentage of the refunds they are able to obtain for users. They do not make any money unless they are able to get money for their customers, which gives them a huge incentive to pursue those refunds.
When a refund request submitted on your behalf is approved, Paribus keeps 25% of the total amount. In other words, if you spend $50 on something on Amazon and the price drops to $40, Paribus will submit a refund request for the $10 difference on your behalf. If the request is approved and a refund is issued, Paribus keeps 25%, or $2.50, and the rest is deposited into your account. This allows users to get money back on their purchases without spending a single cent upfront. Since most people lack the time and energy to pursue price adjustment and late delivery refunds on their own, it’s totally worth the 25% fee to recover funds that would have otherwise been lost.
Is Paribus Really as Great as It Sounds?
As online shopping becomes more and more popular, the ability to get the best deal has become an increasingly common concern among consumers. Major retailers like Amazon adjust prices on some items on a daily basis, and it can make it difficult for shoppers to know when the best time to purchase may be.
It’s also important to point out that the price a consumer sees isn’t always the best one a retailer offers. Dynamic pricing takes numerous factors, including supply and demand, into account to adjust prices frequently. Some retailers even have tools that allow them to increase the prices a customer sees if he or she visits the site a certain number of times.
Paribus helps consumers cut through these pricing tactics and get the best deals. They advocate for the individual shopper and aid them in getting the lowest prices on their products. They also hold retailers accountable when customers do not receive orders by the guaranteed delivery date.
There is no risk involved in using Paribus, and it costs you nothing out of pocket. It can, however, save you a lot of money on purchases you’ve already made. Give it a shot, and if you are a frequent online shopper, you will likely start seeing refunds soon.