Finances & Money

Paribus by the Numbers: How Much Money Have People Actually Saved?

There are all sorts of apps out there that promise to save you money, but not all of them live up to that goal. If you’re looking for an app that actually puts money back into your pocket, Paribus is worth considering. The app allows you get money back on items that you’ve already purchased in the event of a price drop.

In some instances, you may be refunded a couple dollars, while in other situations, you could find yourself on the receiving end of hundreds of dollars. This is especially true if you purchase an expensive item that goes on sale shortly after you purchase it.

While refunds will differ, the bottom line is that Paribus has helped consumers to save a lot of money. In fact, the app has refunded more than $29 million in price matches to date! You too could be one of the thousands of people that save money on your everyday purchases.

How the App Works

Paribus has been around for more than four years. In 2016, the app was purchased by Capital One Bank. The app works by putting extra money into your pocket based on past purchases. So how does the app know what you’ve purchased and that the price is lower now than what you paid?

Paribus helps you to save money after you’ve made a purchase. The app scans your email to find past purchases and receipts. Once the scan is complete (within 48 hours), the app cross matches your purchase history. Paribus looks at what you paid for an item versus what the item is currently selling for at the same retailer.

The app will notify you immediately if a lower price has been found. Paribus also starts the refund process for you so that you can get the money you deserve. All refunds are deposited into your bank account or onto your debit card.

Not only does Paribus check for price drops on products that you’ve purchased, but it can also save you money on hotel reservations. We all know how hotel prices can fluctuate, so with the help of Paribus, you can be refunded by any price guarantees that you’re entitled to. The app also tracks late deliveries that may also be refund-worthy.

Paribus runs on auto-pilot 24/7, but you’ll never notice any degradation of your device because of the app.

If you still aren’t convinced about using the app, take some time to read Paribus reviews. You’ll find that most, if not all users are extremely happy with Paribus in that it saves them money without any time, energy, or effort.

Is the App Safe?

With the growing number of hacks and data breaches in the not too distant past, a lot of consumers are wary about sharing their personal data with websites and apps. While this is a valid concern, you can rest assured that Paribus keeps all of your personal information, including your purchase history and email, secure. In fact, the app does not sell or share any of this information with third parties.

Which Retailers Are Supported?

To ensure that Paribus is worth your while, you’ll want to see if the app monitors retailers that you regularly shop at. Considering some of the big names on the supported retailer’s list, chances are you (and most consumers!) can benefit from using Paribus.

Some of the many retailers that the app monitors include:

  • Walmart
  • Amazon
  • Target
  • Best Buy
  • Crew
  • Nordstrom
  • Staples
  • Kohls
  • Costco

If you shop at two or more of these retailers, it’s well worth the short time it takes to sign up for Paribus.

Signing Up for Paribus

Just as the app is virtually effortless to use, you’ll find that the sign-up process is a breeze. To become a Paribus user, simply go to the website. From the homepage, you’ll have links to the Terms of Service and Privacy Notice. Once you’ve read the fine print, and if you agree to it, you’ll want to check the checkbox to continue.

Next, simply select the button for the email provider that you use. Paribus seamlessly integrates with Yahoo, Gmail, and Outlook accounts along with other providers. By clicking one of the buttons, the app will ask you to sign into your email account. And voila, the sign-up process is complete!

After logging into your email, which gives Paribus access to parse through email online receipts and purchase history, the app will send you an email notifying you that the scanning process has started. Typically the initial scan takes around 48 hours. If there are any price drops, the app will notify you via email. Otherwise, Paribus will continue to work in the background, searching for price drops.

About the author

Susan Paige

Leave a Comment