Paribus Tracks Your Purchases to Automatically Compensate for Price Drops

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

Earlier, we told you about Yapta , a flight price tracker that automatically refunds your price drops. And Tingo is great for compensating for falling hotel prices. Paribus works in a similar way, but specifically for online retail purchases.

To register, you link your email account to the service. It supports Gmail, Yahoo and Windows. From there, it scans your email to find all of your receipts from participating sellers . If you want to track your Amazon purchases, you need to separately link your Amazon account to your profile. Paribus then tracks the items you bought from these sellers and if the price of the item drops, they will request a refund from the seller on your behalf.

It can be a little scary for an app to access your email and find these receipts, but of course they take steps to protect your information. Through their website:

Paribus employs multi-layered security mechanisms to prevent unauthorized access, including dedicated firewalls, VPN services, intrusion prevention systems, and strong access controls.

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

To prevent password exchange, whenever possible, we authenticate users directly with email service providers (for example Google and Microsoft) – this way you can provide Paribus access without having to pass mailbox passwords. This leaves mail security under the control of these well-equipped companies. For email providers that do not yet support passwordless authentication, all credentials are encrypted.

You can read more about their privacy policy here . Paribus makes money by charging users 25% of the refund they receive. Thus, you must link the card to the service. They use Stripe to process payments and keep them secure.

I recently signed up for the service to give it a try. Over the weekend, I was surprised to receive an email from Amazon confirming a small refund. It wasn’t much, but considering it didn’t take any effort on my part, I’ll take. Try it yourself by following the link below.

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