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Paribus: Get Refunded For Your Online Purchases Automatically!

In a recent post on money management I discussed how an app called Trubill helps you locate all your monthly subscriptions that you’re currently paying for, and even facilitate the cancellation process. Well, today I’ve decided to write about a service called Paribus which is also a must have service for all online shoppers.

What does Paribus do? They keep track of your online purchases, and if they notice that a merchant has dropped the price of an item you’ve recently purchased, Paribus will attempt to get a refund of the difference from the merchant.

Wait, what? Merchants actually honor such refunds? Yes they do! Let’s take a look at an example of such a policy:

banana republic

sears-logo

sears

These are just two of the many giant retailers that offer such a refund in the circumstance that a previously purchased item is marked down.

While anyone can take advantage of these policies, it is tedious work to constantly re-check all your previous purchases to see whether or not you’re eligible for a refund. This is where Paribus comes in – their software will continuously check online prices for you, and in the event that a price drop does occur, they will automatically request a refund for you!

Heck, companies such as Paribus have been so effective with their automated software that in 2015, Amazon has stopped offering refunds for price changes. But don’t fret, there is still a way that Paribus is able to get you that refund from Amazon through other means that we will cover later in this article.

Let’s begin by signing up for Paribus, if you click here, you’ll head over to their official homepage were you may sign up.

paribus

To utilize Paribus, you will have to be using one of the major email providers. On my end, I selected the Gmail option.

Now we must give permissions for the Paribus app to connect to our email account:

GiveRecipt

Yes, you’re reading that right, you do have to give permission to Paribus to read,sent and delete your emails. Now keep in mind, even though they are being given these permissions, Paribus will never delete any emails in your inbox, and the only emails that their software is going after are those that come with an order confirmation. So be rest assured that the emails between you and your boss or a loved one will remain private. Unfortunately, without giving them this app permission, you won’t be able to utilize their service, because this part is crucial to automate the process for you. They simply won’t be able to know what your transactions are, and they won’t be able to send emails to merchants asking for a refund without said permissions.

Once you “Allow” permissions for Paribus to access your email, the next screen you’ll see is one telling you that if you refer friends to their service, there will be benefits. I simply skipped that screen, and was greeted with the following:

LinkAmazon

Just as they say, if you want them to be 100% accurate when it comes to tracking the price of the items that you’ve purchased, you’ll have to provide your Amazon account details. Do keep in mind that your information is being sent over a secured server and hashed, so no one at Paribus actually knows what your real password is. Their simply using an API from Amazon to verify your credentials. If this makes you feel uneasy, then you may simply press on “Skip”. If you do so, then their software will do its best to follow Amazon purchases via your emails.

On the following page, you’ll be asked about the credit card company that you use. My personal card is a “Freedom” Chase card, so I selected that.

EnterCreditCard

Credit card information? Why the hell would they need that information? Yes, I know, another scary page, but it actually makes sense. Many consumers are unaware that their debit & credit card come with several features. Take a look at the perks Chase provides in regards to price protection.

chaseprotection

When it comes to Chase, we are able to receive up to $2,500 in refunds from changes of price per year. That’s fantastic! Remember how I mentioned earlier that Amazon has stopped providing refunds for price changes? Well, in scenarios were Paribus notices a price change on Amazon, they won’t file a claim with Amazon, they will actually file a claim with your credit card company.

As to why they ask for your actual credit card number, it’s so that Paribus can collect their commission whenever they get you a refund. Let’s say that Paribus finds out that a TV you’ve recently purchased has dropped $100 in a price. Paribus will send a claim to the merchant or your bank for a $100 refund. Once that refund is secured, Paribus will then charge you $25 for their service. In all circumstances, Paribus will always take 25% commission whenever they are successful in filing a claim and securing you a refund.

Once you’re done entering your CC information, you’re ready to go. The next page you’ll see is your actual account. Mine looks like the following:

MyPurchases
click to enlarge

It does seem that we have to wait some time before Paribus is done scanning our emails and Amazon account for recent purchases. Keep in mind that the reason why I have the “Import Amazon Purchases” button is because initially I mistakenly entered my wrong Amazon credentials. Once I entered my correct ones, that button disappeared and I’m not currently waiting for purchases to be imported.

Within your account, you’ll also find a “Deals” page, this page shows you what users just received a refund, and what items have recently seen a drop:

drops
click to enlarge

As you can tell, Cary recently received a $161 refund for a bed that she purchased that had a price drop. In her case, out of that sum, $40.25 will be given to Paribus, and $120.75 will be kept by Cary. That’s pretty awesome, especially considering that without Paribus, it’s very likely that Cary would have never realized the price drop, nor would she have known to file a claim.

Paribus is definitely an interesting service, an effective service and holds quite a few raving reviews online. It’s understandable for some consumers to be wary over handing permissions to their emails, amazon account and their credit card information – but do keep in mind that it is for good intention. This company isn’t a fly by company, they were serious enough to raise $2.1 million back in 2015 and just recently in 2016, CapitalOne has purchased Paribus! There is a difference between trusting a small unknown company with your private information, but when a large bank such as CapitalOne takes them over, I believe it is safe to assume that your information won’t be used for malicious reasons.

Most importantly, I am not done reviewing Paribus! You’ve seen that I am currently waiting for my purchases to be imported, once they are, I will update this review with how my dashboard looks. Once I secure my first refund from Paribus, I will also make sure to update this review on the process. Unfortunately I’m not in the market to be making many purchases right now, so I’m not sure how long it will take before I receive my first eligible refund, but I’ll keep everyone in the loop.

 

What is Paribus?

What is Paribus?

They are a service that automatically scans price drops on your recent purchases. When they notice a drop in price, they will automatically connect the merchant or your bank for a refund.

How much does Paribus charge?

How much does Paribus charge?

They only charge you a 25% commission whenever they are successful in securing you a refund. If you don’t receive any refund, you don’t owe Paribus any money.

Does Paribus work with all merchants?

Does Paribus work with all merchants?

Unfortunately, not with all retailers, but with a good bunch of them! If you’re interested in the full list of retailers that Paribus does work for, click here.

Is my information safe with Paribus?

Is my information safe with Paribus?

They do employ top of the line encryption. They also state that they ONLY pull information from your inbox that relates to transactions, and that your information will never be sold to a third party. For more information, on their policy, it’s best to check here.

Is Paribus only a web service?

Is Paribus only a web service?

It is not! You may only use their service by downloading their iTunes app.  

Do all merchants share the same refund policy?

Do all merchants share the same refund policy?

Every merchant has their own policy. Some of them only honor a price difference refund within 14 days of purchase, while some offer a refund for a purchase within 30 days. For some merchants, they won’t honor any price refunds during the holidays. Fortunately, Paribus keeps track of all their policies, and tries to be as efficient as possible in securing that refund.

FTC Disclosure: We are a professional review website, and on this page may find affiliate links for which we are compensated for. 

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In a recent post on money management I discussed how an app called Trubill helps you locate all your monthly subscriptions that you're currently paying for, and even facilitate the cancellation process. Well, today I've decided to write about a service called Paribus which is also a must have service for all online shoppers. What does Paribus do? They keep track of your online purchases, and if they notice that a merchant has dropped the price of an item you've recently purchased, Paribus will attempt to get a refund of the difference from the merchant. Wait, what? Merchants actually honor such refunds? Yes…

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