It hurts when you buy something expensive only to find it selling for way less a few days later. But what if there was a way to get a refund for the difference? I introduce to you, Paribus, a company that promises to do just that. But can you trust it? Only a Paribus review can answer that.
I know what you're thinking, no merchant would honor such a refund. After all, you bought the item and agreed to pay the price it was going for at the time. We were also skeptical. But who would want to miss out on a chance to get a refund for previous purchases?
What Is Paribus?
Image source: Flickr
Before we get into this Paribus review and whether or not you should trust this company, let's get some background information about Paribus.
In 2014, Karim Atiyeh and Eric Glyman founded Paribus, a mobile and computer app that tracks your online purchases and refunds you the difference when they notice a price drop in the items purchased.
Later in 2016, Capital One acquired the company and has been running its operations to date.
The company's goal is to bridge a gap that exists in the market. You see, the majority of stores have price guarantees, which allow you to file a price readjustment claim and get a refund for the difference if there's a sale or a price drop on the item purchased.
Filing these claims is, however, easier said than done. It not only takes a long time but keeping track of all your online purchases can be quite the hassle.
That's where Paribus comes in. They do all the work for you. All you have to do is to wait for the refund. However, to reap the benefits, your purchases must be from one of the stores Paribus works with.
Tracking price drops and sending you refunds is not the only thing Paribus does. The app also tracks Walmart and Amazon orders and notifies the companies of late deliveries. When this happens, you get $10 credit.
And that's not even the best part. Paribus is 100 percent free, and you get to keep all your refunds without any hidden costs. Yes. You read that right. But is there a catch? Let's find out.
Paribus Review: How Does It Work?
If you want to start using Paribus, you'll have to give the Paribus Receipt Fetcher access to your email. And by access to your email, we mean read, delete, and send (talk of an invasion of privacy).
So why do they want access to your emails? Well, it's the only way the app can keep track of online receipts and issue refunds when there's a price drop. But don't freak out just yet.
Paribus doesn't delete any emails in your inbox. The app only goes through emails with order confirmations to keep track of price drops to earn you refunds. You can, therefore, relax. All your private emails are safe.
The app also gives you the option of connecting your debit/credit card and Amazon account so that the app can take full advantage of the price-matching process. However, this process is optional. I know. What a relief!
So, if you don't mind giving Paribus access to your email (and cards), it's a great way to save a few bucks here and there. But if you're concerned about privacy, it may not be the best option for you.
Mode of Payment
Like most people, you probably want to know how you get the money once you've earned a refund. Every Paribus review agrees that their mode of payment is one of the things that makes Paribus convenient.
When Paribus manages to get you a refund, they send the money directly to your bank account. However, that can only happen if you've linked your account. It's also possible to have your money sent to your PayPal account.
And the best part is that you won't have to wait for long to get the money. You receive your refund as soon as it's approved.
Sounds Awesome, How Do I Sign Up?
Paribus has a pretty straight forward sign up process. Once you visit the website, you'll see a landing page that will give you a few options of singing up such as Google, Yahoo, and Outlook.
Make sure you sign up with the email account you use for online purchases because Paribus needs it to scan your transactions.
After entering your email address, you should see a welcome page. From here, Paribus will begin scanning your inbox for receipts to track refunds on items you've purchased.
Next, all you have to do is sit back and wait for the app to do its magic. Over the next 48 hours, the app will look for ways to earn you refunds, and they'll notify you when they have something. Easy right?
Paribus Review: The Good and Bad
But don't sign up just yet. We're not through with this Paribus review.
Like most similar apps on the market, Paribus has its good and bad points. It's advisable to know its pros and cons before jumping on the bandwagon. So without further ado, let's get started.
One of the primary reasons we love Paribus is that it allows you to earn money you would otherwise not have. And you don't have to do anything apart from waiting for your account balance to increase.
We also love that it's free to use the app, and there are no hidden costs. Not to mention, you get to enjoy all your refunds without any deductions.
Several reviews also praise this app for being easy to use. One Paribus review claimed the app's sign up process is smooth and hassle-free, and the app's interface is intuitive and user-friendly.
And if you hate checking for the best deals before making a purchase, Paribus has got your back. Once you have it on your device, you won't have to go through the trouble of finding the lowest prices. They do all the heavy lifting for you, and you still get to save money if prices drop in the future. Amazing right?
The other thing we love about this app is that it works with the major retailers, which makes it more likely for you to get refunds on most of your purchases.
While there's so much to love about Paribus, it has some downsides that are worth mentioning.
If you're an Android user, you'll be disappointed to know that Paribus is not available for Android. The app was initially available for both iOS and Android, but the company later removed the Android version.
We believe that is a great miss by the company considering the high number of Android users. However, you can still use the app on your computer if you don't own an iPhone.
The other disadvantage of this app is that it requires access to your email to function correctly. For most people, giving access to a personal email account may not be a topic of discussion. Some people worry that their information may get compromised and that's understandable.
However, if you have no issue with giving Paribus access to your email, using the app won't be a problem for you.
What Are People Saying?
We also thought it wise to include other customers' experiences in this Paribus review to help you make an informed decision.
So what do people think about this money-saving app? While doing our research, we came across several complaints. These include:
No refunds after months of using Paribus
When most people begin using Paribus, the expectation is that they'll receive refunds within no time. But that hasn't been the case for most people. Some people have complained that they've not received refunds even after using Paribus for a while.
But this may be due to two reasons. For starters, Paribus may not have found an eligible purchase for price adjustment. It's also possible that the company that owes the refund hasn't issued one yet. In such a case, it's not Paribus fault. But the frustration is valid.
Intrusive email access
Like us, the majority of users are also concerned about Paribus' request to read, delete, and send emails. Some users feel like this is an invasion of privacy, and they fear that their personal information may get compromised.
However, you should know that Paribus used an advanced security system to ensure all users' information is safe.
According to the company, they transfer data via SSL (TLS 1.2) bank-grade encryption, and they encrypt information using AES-256.
Some people are also disappointed that Paribus is only available in the U.S. and Puerto Rico. But don't worry. There are other similar apps you can use.
Overall, users rated Paribus 4.0 out of 5.0 stars.
Paribus Review: How Does It Compare to the Competition?
Paribus undoubtedly provides an incredible opportunity to save money. But is there a better alternative?
In this part of this Paribus review, we're going to compare it to some of the top alternatives on the market to see how it stacks up. Let's get this show on the road.
Earny is one of the Paribus alternatives you should consider if you're looking to save on expenses and earn refunds in the event of price drops and sales.
One of the things that makes Earny an excellent alternative to Paribus is that it functions the same, which makes it an excellent choice for someone who can't access Paribus due to location constraints.
Like Paribus, you'll have to give Earny access to your email address for them to track your orders and request refunds on your behalf. But this app takes $25 for every refund you get, which most people don't like.
But before you rule it out, you should know that it's possible to keep the $25 if you share the news of your earnings on your socials. You've got to admit that that's smart thinking on Earny's part.
Ebates is an excellent option for people who aren't comfortable with giving access to their emails. The process at Ebates is different. When you sign up, the app gives you access to Ebates' coupon codes, online retailers, and current sales.
With Ebates, all you have to do is do your regular shopping and leave the rest to the app. After shopping, click the Ebates "shop now" button on the retailer's profile.
After doing this, you should see a message saying an Ebates' trip number has been generated. From here, you'll make money for every qualifying purchase.
However, while Ebates doesn't invade your privacy, you should know that they don't give you immediate access to your money. They only do it quarterly, and you have to have more than $5 to make a payout.
They also give you the option of opting for a gift card as a payout at an increased rate. Users rated Ebates 4.5 out of 5.0 stars.
Sift is also an incredible option if you want to save money and get refunds on previous purchases. Similar to Earny and Paribus, you have to give Sift access to your email address so that they can track your orders and possible refunds.
But Sift has more benefits compared to Earny and Paribus. For starters, Sift not only provides price protection but also return policies for purchases, travel protection, theft and damage coverage, and status of the manufacturer, including extended warranties.
Sift also gives you a summary of your credit cards, which you won't get on both Earny and Paribus. And just like Earny, Sift charges a $25 service fee.
Users rated Sift 4.2 out of 5.0 stars.
Is Paribus a Scam?
Before we started our research for this Paribus review, we have to admit we were very skeptical about this app. Paribus promises so much, and they don't ask for anything in return -- a true definition of a scam. But based on our research, we have to say that Paribus is quite impressive.
Although the company asks for a lot by requesting access to your email, they have a high level of security, and no one has complained about their information getting compromised.
Therefore, if you're willing to take the risk, we would 100 percent recommend this app. Just don't expect to make a killing overnight because that's not how it works.
Have you used Paribus before? How was your experience? Please share your thoughts about this app in the comments section below. We love hearing from our readers.
Featured Image: Pixabay