Paribus Review: Everything You Need To Know About Paribus

paribus review

Want to learn more about Paribus?

Then keep reading because our comprehensive Paribus review is just what you were looking for.

About Paribus

Started by two Harvard graduates in 2014 and acquired by Capital One in 2016, Paribus is a no-cost, no-effort way to put extra money in your pocket off purchases you’ve already made.

In the sections that follow, you’ll discover more about Paribus, including what Paribus does, how to sign up for Paribus, what stores Paribus works with and why we recommend it so highly.

Pictured: Paribus founders Karim Atiyeh and Eric Glyman © Harvard John A. Paulson School of Engineering and Applied Sciences

What is Paribus?

Paribus is a consumer saving app that allows you to get money back on items you’ve already purchased in the past that have dropped in price.  To date they’ve helped consumers get $29 million back in refunds on price drops. This was a big part of what led to our Paribus review in the first place.

We believe an app that promises to save money is only as good as the amount of money it’s saved for it’s users. And Paribus has saved consumers a whole lot of it.

It’s a no-cost, no-effort way to put extra money in your pocket.

The best part is–and this is what sold me on it personally–it costs nothing and your data doesn’t get sold or shared with third-parties.

What does Paribus do?

Instead of operating like a search engine that finds the best prices on the market before you buy an item, Paribus operates by helping you save money after you’ve made a purchase.

Editor’s note: if you’d like to save before you make a purchase too, check out our Honey review.

Here’s how:

  • Paribus starts by scanning your email for receipts and past purchases
  • Once it identifies your receipts, it cross matches your purchases history
  • If they discover a difference in price, you’ll receive an email alert
  • Plus, Paribus also alerts you in real time when price drops occur

Best of all, Paribus runs 24/7 in the background on auto-pilot. It’s a set-it-and-forget-it refund hunter.

If you’re concerned about data sharing–as we all should be–it’s still a smart choice because Paribus doesn’t sell or share your data with third-parties.

As soon Paribus discovers an eligible refund, the refund process starts and that money goes back to your debit card or bank account. Another great feature is that Paribus requires little to no effort beyond the actual signup process.

How do I sign up for Paribus?

Paribus sign up page
Pictured: Paribus sign up page

It took me about 10 seconds to sign up for Paribus. When you visit the Paribus website, you’ll be greeted by a landing page that should look like the one I’ve shared below. From there, you get a welcome email like this:

Paribus welcome email
Pictured: Paribus welcome email

From here Paribus starts to scan your inbox for receipts to help you get money back on things you’ve bought. This scan includes retail price drops, late delivery recovery fees via Amazon and hotel price drops. Make sure to link it with your primary email accounts so it can find the most receipts.

Paribus dashboard
Pictured: Paribus dashboard

Next just sit and let Paribus work it’s algorithmic magic. Over the next 48 hours Paribus in search of ways to get you money (see above for what you’re dashboard page will look like). It’s another reason we’ve given them such a high rating in this Paribus review: because it does all of the work for you.

Once Paribus has had enough time to scan your purchases you’ll be greeted with a message like this:

Paribus success email
Pictured: Paribus success email

How does Paribus work?

We’d be remiss to not include a brief overview on how Paribus works in a Paribus review.

Here’s where it all starts: with the retailers you buy from.

Most retailers have price guarantees. Meaning, if there’s a significant sale or price drop, you can file for a price change claim and get the difference back. Sounds simple, right?

The problem is, filing for these claims can be tricky, a hassle or both (does going through all of your purchases, cross-matching them with current promotions and then contacting every retailer you’ve bought from sound fun?) This is where Paribus comes in.

“The problem is, filing a price adjustment claim can be a time consuming headache. This is where Paribus comes in.”

After you sign up for Paribus, it immediately begins scanning your email inbox for receipts. Then, after they have a full picture of your purchase history, they use algorithms to monitor price adjustments. Should any price adjustments happen, Paribus will submit a refund request on your behalf.

Paribus is paid only if the refund is successful, and Paribus takes a 25% commission. So far, we’re giving Paribus five stars in this Paribus review.

What stores does Paribus work with?

Paribus merchant list
Pictured: screenshot of Paribus merchant list

Paribus watches for price drops at over 25 major retailers including:

  • Best Buy
  • Staples
  • Target
  • J. Crew
  • Nordstrom
  • Gap
  • Kohls
  • Home Depot
  • Costco
  • Plus many others

You can view their full merchant list here. Amazon doesn’t offer price adjustments, but they do adjust prices for late deliveries. Paribus handles that, too. Yet another reason for this five star Paribus review. This added convenience goes a long way.

However, as Paribus outlines in their policy, those stores and one’s eligibility for an adjustment is always subject to change. For instance, in December 2017 stopped offering price adjustments.

Should I sign up for Paribus?

It depends.

If you don’t shop at any of the large retailers that Paribus supports, it might not be worth it.

But if you do, it’s an easy decision–unless you don’t like extra money in your pocket? Also, if you’re concerned about data sharing–as we all should be–it’s still a smart choice because Paribus doesn’t sell or share your information with third-parties.

Much like how Paribus has saved consumers considerable money, this was another reason we chose to do a Paribus review: because Paribus protects your information. That’s a requirement for us.

In the era of machine learning, and where pricing changes happen every second on the internet, it’s a wise move for a cash-conscious consumer.

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