If you’re the type of shopper who’s committed to finding the best deal, then you’re going to like what Paribus has to offer.* Paribus is a software company owned by Capital One, and its main focus is to help consumers like you save money when shopping online.
Your days of endlessly searching for the lowest prices and then becoming frustrated when prices drop again afterward are safely behind you — since Paribus can help you receive reimbursement from several major retailers when possible. It will also track your online purchases and earn you a partial refund on items that aren’t delivered on time. Sound interesting? Keep reading to learn how Paribus can save you money.
What is Paribus?
Paribus is a personal finance tool that was created by Eric Glyman and Karim Atiyeh in 2014 and acquired by Capital One in 2016. The company’s goal is to help people learn how to save money on their online retail purchases after they’ve bought something, rather than before. Instead of wasting time trying to find the best deal for your online purchase, Paribus' algorithms track price drops and send refund requests on your behalf.
Offering refunds from several major retailers with price-adjustment policies, Paribus can help track price drops and get you reimbursements when possible. To date, it has saved its users over $29 million.
How does Paribus work?
Since every company has different price-adjustment policies, keeping track of each one can feel impossible. That’s where Paribus comes in — by tracking these policies across several major online retailers and then leveraging them to award refunds. But it doesn’t just stop at price-drop refunds.
Paribus also stays on top of any late deliveries and leverages company policies to issue partial refunds when available. Finally, the company also monitors the date you purchased items from these retailers, keeping you posted on how much time remains if you’re considering returning something.
These perks might all seem like magic, but they aren't. By scanning your online shopping receipts, the company’s software then monitors for price changes and shipping delays. Depending on retailer policies, Paribus will either file a claim on your behalf or help you contact the retailer directly to claim your savings.
At the end of the day, Paribus isn’t just saving you money — it’s also saving you a lot of hassle and time spent learning company price protection and adjustment policies, as well as contacting companies for you in some cases. But the best part about this service is that it’s 100% free to use (with no hidden fees), and you get to keep every cent it saves you.
Who can use Paribus?
Paribus is available to anyone living in the United States or Puerto Rico who’s at least 18 years old and has a valid email address. After enrolling either online or through the company’s mobile app, users can get started with saving with Paribus.
How much can you earn on Paribus?
The exact amount of savings you can earn with Paribus varies, although depending on the value and frequency of the purchases you make, it does seem to be considerable. One user reported receiving two refunds in one week; another said they were given $80 in refunds — all of which resulted from price drops detected by Paribus. The company also reports that through its delivery-monitoring feature, Paribus users have gotten everything from full to partial refunds of shipping costs, with some retailers even dishing out extras like store credit or one-month rush-shipping benefits.
When you're struggling to pay bills and working at learning how to manage your money, every little bit counts.
Getting paid with Paribus is relatively straightforward, especially since it’s not the company paying you but the original retailer where you made the purchase. In fact, Paribus won’t even ask you to add a credit card or bank account when signing up, since all the service needs is access to your personal email account to scan for online receipts.
As far as actually getting paid, this will depend on the policies of individual retailers, which will determine how and when you receive a refund. Paribus mentions that, on average, this process takes roughly three to seven business days, with retailers often issuing refunds to your original form of payment.
Maximizing your earnings with Paribus
Paribus is a service that’s meant to complement your normal spending habits, helping you capture any savings on purchases made with one of its supported retailers. Because of this, there really isn’t a “best way” to maximize your earnings.
But by understanding how the company works, you’ll be able to better anticipate the types of purchases that may end up earning you more. For example, more expensive purchases are likely to earn you a bigger refund than less expensive ones.
Being compensated for late deliveries is also more likely if you regularly make online purchases that are shipped. For instance, if you shop at Amazon frequently, Paribus' late delivery monitoring for Amazon purchases can come in handy.
For the most part, the amount of earnings you stand to make with Paribus is fairly straightforward, with some slight variability based on the policies of the retailers it works with. The best way to use Paribus isn’t to focus on earning more, but rather to spend confidently with the knowledge that the company will earn you any savings you qualify for.
Common questions about Paribus
Is Paribus free?
Paribus is 100% free to use, and the company also lets you keep every cent of savings it gets for you.
How does Paribus make money?
Since Paribus is a free service and it lets you keep 100% of your savings, you might be wondering how it makes money. Paribus may serve its users targeted advertisements through the app.
Is Paribus the same as Ibotta?
Paribus and Ibotta are very different services. While both are legit apps that can help you save money, Ibotta works more like Swagbucks, offering rewards to users in the form of cash back and gift cards on purchases they make. Paribus captures information on price drops and late deliveries to earn users savings on items they’ve already bought.
Does Paribus work retroactively?
Yes! Rather than trying to scout out the best deals in advance, Paribus allows you to shop with confidence, knowing that you may be refunded for any price drops or late deliveries (from qualifying retailers) after making a purchase.
How to sign up for Paribus
Signing up for Paribus is easy,* as you just need a valid email address to get started. However, keep in mind that the company supports only certain email providers, including Gmail, Yahoo, and Outlook. Another important point is to make sure the email account you sign up with is the same one you use for your various shopping accounts, since Paribus will need access to your emails in order to scan receipts for potential savings.
You can get started with a Paribus account by downloading the Paribus app for iOS or creating an account at Paribus.co.* After entering your email information, you’ll also need to grant Paribus permission to access your emails by checking the box on its permissions page. Once this is done, you can sit back and shop confidently, knowing the company will reach out if and when you qualify for any savings.
Other side hustles to consider
Paribus is a great way to earn a bit of extra savings on purchases you already make. The company will also save you quite a bit of time and hassle going after these retailers yourself. That being said, if your goal is to earn a significant amount of extra cash, there are better side hustles to consider.
You might, for example, start earning a passive income by renting out your car when you’re not using it. Or if your problem is more about budgeting than earning more money, you can always start using a tool like one of these or a budgeting app to rethink your finances and plan ahead.
*Disclaimer: Paribus compensates us when you sign up for Paribus using the links we provided.