iOS/Android: Paribus is an online tool that tracks your purchases to find price drops, automatically refunding you the difference. It’s free, it works well, and it’s now available as an app on iPhone and Android. And the company recently updated the iOS app with a few interesting features.
We’ve told you how Paribus works, but the gist of it is this: some stores offer refunds for price drops. You link your email or Amazon account to Paribus, and it searches for drops at participating merchants. If they find a drop, they’ll request a refund from the retailer on your behalf. They authenticate directly with email providers so you never provide your password, and they also use bank-level encryption to protect data that is transmitted, like your purchases. You can read more about their privacy and security here.
If you already have a Paribus account, you simply log into the app via your email provider, and you’ll get access to your dashboard. Even better, though, the app shows you statistics for your purchases. You’ll see how many purchases are logged and how many of those purchases were made at the item’s lowest price.
Introducing Drops: In addition to getting people refunds, users can now see a live, anonymized feed of savings — and make purchases of “verified” deals. Simple, but powerful feature to combat the trend of how list prices have lost their meaning (NYT Story).
More intuitive UI: Onboarding, design and copy have been redone to make the app more transparent and easy to grasp. Refunds are still automated, but the app shows more clearly how and when the refund bot works and behaves.
A smarter refund bot: Data network effects have taken hold, and with each month the algorithms have been saving customers more. Depending on the store, we’re now getting users money back on 5%-15% of their purchases.
Founder Eric Glyman says there’s an update to the Android version in the works, too, and in the meantime, you can always use the web app version for access to your dashboard and another analytics.