Paribus has been around since 2014 and was recently purchased by the well-known lender Capital One. The app is designed to put extra money in your pocket by checking for price drops on items you’ve already purchased.
Want to learn more about Paribus and how it can help to make you passive money? You can read the Paribus review for 2019 here. Get all of the information you need to make money without even trying!
How Paribus Works
In simplest terms, Paribus is an app that saves consumers money. We’ve all purchased an item, only to find that a few weeks later it’s half the cost. Without the app, you’d be responsible for keeping tabs on price changes along with initiating the refund to get the price match difference.
But, with Paribus, the process is a lot easier, and most importantly, it works. The app has gotten more than $29 million back for consumers in refund dollars on price drops. The app is free and users only pay a small percentage of their refund amount if the refund is successful.
How Paribus Knows the Price Dropped
Once you download the app, Paribus scans your email for receipts and past purchases. When the app has identified your receipts, it then cross-matches your purchase history with current pricing. If the app finds a price difference, you will be notified in real time via email.
Once a price drop has been found, the app starts the refund process. If a refund is successful, the money is deposited into your bank account or onto your debit card. Paribus runs in the background at all times, but you’ll never experience lag or slowness on your phone because of the app.
Unlike other apps that are designed to save consumers money, you never have to worry about your data being sold or shared with third-parties. Your personal data is confidential and is never used to make more profit for Paribus.
What You Should Know About Price Drops
Not all retailers are equal, but Paribus monitors certain retailers that offer price guarantees. This means that if there’s a significant sale or price drop on an item you purchased, you can file for a price change claim and get the difference of the past and current price back.
While the process sounds relatively easy, it’s anything but. Not only is it a hassle to go through your past purchases and compare them with current prices, but it’s also even more time-consuming to contact retailers to initiate the price guarantee.
Paribus does all of the hard work for you and only charges a 25% commission.
One of the biggest benefits of using Paribus is that it’s an effective way to make passive money. Using Paribus gives you peace of mind that no matter when you purchase an item, you’re more than likely entitled to a refund if the price drops. This is assurance that you’re always getting a good deal!
Another notable benefit of using Paribus is that the app monitors dozens of top retailers. Top names include:
The app will even monitor hotel room rates that are booked through Priceline, Expedia, Hilton, Booking.com, Hotels.com, and others.
If you shop at any of these retailers on a routine basis, you can shop without worrying about if you’re getting the lowest price. Instead, you buy the items you want, when you want, and let Paribus do the rest of the work for you!
Last, it’s worth noting that Paribus is free. You’re only charged a small fee when you receive a refund for a price drop.
How to Sign Up
Signing up for Paribus is quick, easy, and only takes a few seconds! Simply go to the Paribus website, read the Terms of Service and Privacy Notice. If you agree to the terms, click the checkbox and then select the email provider that you use. The app then asks you to log into your account. Once you log in, the hard work is done!
After logging into your account you’ll receive a welcome email from Paribus. The email describes how the app will take about 48 hours to scan your inbox for receipts from merchants that Paribus monitors.
As Paribus scans your email, not only is it looking for price drops, it’s also looking for drops in hotel rooms that you’ve booked and even late delivery fees. After the app has completed its scan of your email receipts and purchases, you’ll receive an email with any findings.
If you’re looking for an app that has your back every time you shop, Paribus is for you. Earn passive money and know that you’re always getting the best price by using this app when shopping at supporter retailers.