Walmart’s Savings Catcher gives consumers a way to price compare without having to do any work. You simply shop and scan a receipt into the Savings Catcher app. Walmart then searches other stores in the area for sales and gives money back to the consumer. It’s a no-brainer and a great way to create loyal shoppers.
A new company launched in May called Paribus. Its concept seems similar to Walmart’s in that it monitors prices and gives shoppers back money, but it goes a step further.
How it works:
A consumer signs up for Paribus using an email account. They suggest you start a new email account that you use solely for purchases.
Next comes my favorite part, the shopping! Paribus currently partners with 18 big name retailers including Walmart, Target, Gap, Sephora, Macy’s and Amazon.
You sit back and reap the rewards while they do all the work. Paribus monitors price changes and coupons in real time, and does the store engagement to file claims so you get paid. Money is typically refunded in the same way you made the original purchase.
How much does it cost?
All claims are free of charge, but Paribus gets paid 25% of what they successfully earn for you.
Signing up for Paribus is a no brainer. Consumers look for quality products at the best price and as long as they are treated right, are loyal to the stores they shop in. Paribus makes shopping and saving too easy not to join. With major retailers already connected to Paribus there really is no need for discount apps, emails about sales or coupon clipping and I predict consumers will spend more knowing Paribus is watching their back.