Paribus Tracks Your Purchases to Automatically Refund Price Drops

If you buy an item and it drops in price, some retailers will refund you the difference. But most of us don’t have time to track everything we buy to see how prices fluctuate. Paribus will do the tracking for you, and, more importantly, it’ll automatically request refunds so you can get your money back without having to do a thing.

We’ve previously told you about Yapta, the flight price tracker that automatically refunds your price drops. And Tingo is great for refunding price drops on hotels. Paribus works similarly, but it’s specifically for online retail purchases.

To sign up, you link your email account to the service. It supports Gmail, Yahoo, and Windows. From there, it scours your email to find all of your receipts from participating merchants. If you want to track your Amazon purchases, you have to link your Amazon account to your profile separately. Paribus then tracks the items you bought from those merchants, and if the price of an item drops, they’ll request a refund from the retailer on your behalf.

It can be a little scary to have an app access your email and find those receipts, but of course, they take measures to keep your info secure. Via their site:

To prevent unauthorized access, Paribus employs multi-level security mechanisms including dedicated firewalls, VPN services, intrusion prevention systems and stringent access controls.

Data is transmitted securely via 256 bit SSL (bank-grade encryption). Purchase information is stored using AES-256 encryption — the world’s leading security standard.

To eliminate the exchange of passwords, we authenticate users directly with email providers (e.g., Google and Microsoft) whenever possible — that way you can grant Paribus access without transmitting any mailbox passwords. This leaves mail security under supervision of these highly equipped companies. For mail providers that do not yet support password—less authentication, all credentialing information is encrypted.

You can read more about their privacy policy here. Paribus makes money by charging users 25% of whatever refund adjustments they get. So you do have to link a card to the service. They use Stripe to process payments and keep them secure.

I recently signed up for the service recently, to give it a try. Over the weekend, I was surprised to get an email from Amazon, confirming a small refund. It wasn’t much, but considering it required no effort on my part, I’ll take it. Give it a try for yourself at the link below.

Paribus

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