Sunday, April 10, 2016
Paribus - a new way to save money
Have you heard of it yet?
That's a link to join. Paribus links to your email -- the one that you use for purchases and constantly scans the web to look for price drops after you have made purchases.
One of the biggest sellers, Amazon, is constantly changing their prices.
Recently, I purchased a Nespresso machine. A week after I made the purchase, Paribus informed me that the price on Amazon had dropped by $22 and I got a refund directly from Amazon.
It is all completely passive once you sign up. You don't have to do anything else.
Yesterday, I ordered a couple of scarves from Nordstrom. Today, when I logged into Paribus (to get that link) I saw that it was monitoring those purchases for price drops as well.
What's the catch? Not much of one. Paribus will bill you for 25% of whatever refunds you receive. That means I paid them just over four bucks for my $22 refund. That means a net of $18 in my pocket with zero effort.
You can download the Paribus app directly from the iTunes (and probably Android) store, but you can sign up online as well. No need to ever revisit the page or the app, as far as I can tell.
Let me know if you use the app and like it.