Welcome to Millennial Money’s “Money Review Series.” Each week, we review a product or service aimed to help you make more, save more, or grow money through investing. Our goal is to provide you with an honest review to help you achieve these goals. Today, we review the refund app, Paribus. This is the most legit Paribus review you will find on the internet.
Have you ever bought something only to discover that the price dropped just a day or two later? If so, you know how frustrating it can be to find out you spent more than you would have had you waited. Even if the store offers a price guarantee, getting your money back for the difference is a tedious process.
You usually have to contact customer service, show them your receipt or order confirmation and where you saw a better price, and wait for them to approve the refund.
Plus, these refunds rely on you noticing the price fell. In many cases, shoppers never learn that they could get money back for the difference simply because they don’t see the price change. They are leaving money on the table and don’t even know it.Enter Paribus: the helpful app that can help get you refunds. Paribus helps find refunds and helps do the work for you.
What Does Paribus Mean?
While the website doesn’t say so officially, the service likely got its name from the phrase “ceteris paribus.” Ceteris paribus means, “with other conditions remaining the same,” and is a critical part of economics that allows a person to focus on one variable, with the others staying unchanged. The Latin “paribus” alone translates to “being equal” in English.
If this is where the name for the Paribus app comes from, it is actually very appropriate. The app helps you get money back when the price changes or there is a shipping delay, and all other conditions remain the same.
What is the Paribus App?
The Paribus app and web tool is a free service that helps you get refunds on online purchases when the price falls. In most cases the app scans your emails to identify purchase receipts. Then, it monitors the item (or items) on the store’s site to see if it sells for less within a specific window.
If Paribus finds a match between a purchase and a lower price, it initiates a refund request. Essentially, the app uses retailers’ price-matching policies to get your money back, acting as a middleman to get things handled.
You don’t even have to know that the price drop happened. The app handles it all for you. In some cases for select product you might need to call Paribus and fill out a form for a refund.
How Do You Get Started with Paribus?
To use Paribus, you either have to download the app or head to the website. Then, you create an account and connect it to the email address you use when you are shopping online. After that, you are ready to take advantage of the money-saving app.
Paribus works with most popular email providers, including Gmail, Yahoo, and Outlook. If you use another provider, Paribus recommends creating a Gmail account for online shopping. Additionally, you can use Gmail to fetch emails from another account using the Mail Fetcher, ensuring Paribus can scan your older purchases too.
The entire Paribus signup process takes only a few minutes. It’s pretty much a “set it and forget it” style app, so after the quick onboarding, there really isn’t much left to do.
How Do You Get Your Refunds with Paribus?
After connecting your email account, Paribus looks for lower prices. If they find a match, they contact the retailer for you to see if you qualify for a refund. That’s right! You don’t have to do much to get your money back.
Once a refund is approved, the retailer actually issues the refund. Typically, it goes back to your original form of payment. For example, if you use a credit card, the money goes back to that card. It works the same way for debit cards and gift cards too. The only exceptions are according to store policies, though these are fairly rare.
Usually, it takes three to seven business days for refunds to arrive, though this varies by retailer. However, it’s important to understand that refunds are never guaranteed. The Paribus app only makes a request if it thinks you are eligible, and the retailer only approves refunds for those who qualify according to their internal policies.
Paribus also keeps an eye out for late deliveries. If your package doesn’t show up on time, the app asks for compensation. Sometimes you might need to fill out a form, or make a phone call. As with refunds, the money is sent to your original credit, debit, or gift card, unless store policy states otherwise.
Is the Paribus App Safe?
Since Paribus needs access to your email account, it’s natural to wonder about security. Luckily, Paribus understands your concerns, so they have mechanisms in place to keep everything safe and secure.
Paribus never stores the login information for your email account and stores all of your data using AES 128 encryption. Plus, they use multilevel security, including everything from firewalls to intrusion detection, to make sure their systems aren’t compromised.
Plus, they never sell your data. You don’t have to worry about Paribus giving your information to any third party ever. However, Paribus, which is owned by Capital One, may use your data in accordance with their policies.
If you have concerns about them watching your email, consider creating an account solely for online shopping. That way, they never even encounter your personal or professional messages in the first place.
How Much Does Paribus Cost?
Paribus is a completely free service. You don’t have to pay to sign up, use the app, or get refunds. If Paribus finds that you are eligible for money back, it does take a 25 percent to support the service. While this may seem like a big cut, many users feel that it is entirely fair since it does all of the heavy lifting and helps secure refunds they didn’t even know they were owed.
Does the Paribus App Work with Every Store?
No, Paribus doesn’t work with every retailer. However, the company can track information from 25+ major stores, including Target and more!
Are There Any Paribus Complaints?
There are some complaints out there about Paribus. However, many of them appear to involve things Paribus can’t actually control.
For instance, many people claim the app doesn’t work, saying that they have used it for months and never gotten a refund. However, this can happen if they never have a purchase that is eligible for a price adjustment or if the store itself denies the request.
The Paribus app isn’t a guaranteed way to get money. It only happens if there is a price drop during the qualifying period after purchase.
Do You Have to Use Paribus to Get Refunds?
To put it simply, no, you don’t. Paribus takes advantage of the same price-matching policies that you can use. If you would rather do all of the legwork, you can make the same refund requests as the Paribus app.
However, that does mean you have to jump through the hoops. Without Paribus, you have to reach out to customer service, make and justify your request, and go after your refund. With Paribus, all of that work is handled for you, which is what makes it an attractive option for busy individuals who shop online.
Is Paribus a Scam?
When something sounds too good to be true, it’s normal to wonder if it is a scam. While Paribus certainly seems unbelievable,it is completely legit. The service does exactly what it says it will do; it looks for refunds that you might have missed.
As mentioned above, you aren’t guaranteed to get money just because you download the Paribus app. It only works if you are actually eligible in accordance with the retailer’s price-matching policies. If you rarely shop online or don’t shop at stores Paribus monitors, you might not get any refunds because you aren’t owed any from retailers that connect with the app.
Should You Try the Paribus App?
Since signing up with Paribus is free, it’s worth trying even if you don’t shop online often. If you are comfortable allowing the app to monitor your email, then give it a try. You may get an unexpected refund.
However, even if you don’t get any money back, using Paribus doesn’t hurt anything. Their system is secure, and you only pay if you get a refund, so the risk is incredibly minimal.
Paribus compensates us when you sign up for Paribus using the links we provided.