Why Deleting Your Emails Could Cost You $100s Each Year
I’m a notorious email saver.
I rarely delete anything — especially not receipts.
Turns out that was a smart policy. In the past few months, it’s earned me $22. And all I did was shop online like I normally do.
Wondering how saving your emails could earn you money?
Then keep reading…
How I Earned $22 Without Doing a Thing
My new secret weapon is called Paribus — a tool that gets you money back for your online purchases from 25 major retailers you probably shop at all the time, including Walmart, Target Best Buy and Apple.
Here’s how it works…
Let’s say you purchase a toaster online from Walmart for $20. The next week, Walmart drops the price to $15.
Like many retailers, Walmart offers a price guarantee for the first week or two after your purchase, so you’re entitled to a refund for the difference.
The only problem?
None of us have time to check and see if prices have dropped on our purchases.
That’s where Paribus comes in.
It scans your email for receipts. If it discovers you’ve purchased something from one of its 25 participating retailers, it tracks the item’s price.
If Paribus notices the price went down on the toaster you bought, it alerts you and contacts Walmart (or of the other participating retailers) on your behalf.
To uphold its price guarantee, Walmart refunds the $5 difference to your original method of payment — so you’ve earned money without lifting a finger.
For its role in the refund, Paribus charges a 25% commission, billed to your credit card at the end of each month.
In this case, its commission would be $1.
Your first claim, though, is always commission-free.
You can also lessen Paribus’ commission by referring others. If five of your friends sign up, your commission charge is zero.
Paribus also works for price changes on Amazon purchases made with specific credit cards.
While most stores typically only offer price protection for 7-14 days, when shopping Amazon with specific Chase cards (including the Sapphire Preferred and Freedom), Paribus can get you paid up to 90 days after your purchase. This includes third party sellers, which represent over 50% of Amazon purchases.
Is Paribus Safe?
Because I do most of my shopping online — where prices fluctuate all the time, even within the same day — I’ve been super happy with Paribus so far.
The only downside is you have to give it access to your email and credit card, so it can automatically find receipts and pay itself commission.
But that doesn’t bother me.
Paribus has advanced security: It “employs multi-level security mechanisms including dedicated firewalls, VPN services, intrusion prevention systems and stringent access controls,” and it transmits data using bank-grade encryption.
If it didn’t, no one would use it — and it probably wouldn’t have acquired over 700,000 users. Honestly, the fact it’s automated is my favorite thing about it.
For me, giving Paribus access is worth it and one of the easiest ways I’ve found to save money without doing a thing!
Susan Shain, senior writer for The Penny Hoarder, is always seeking adventure on a budget. Visit her blog at susanshain.com, or say hi on Twitter @susan_shain.