Local News


App helps you save money

Posted at 11:45 PM, Sep 25, 2015
and last updated 2015-09-26 02:45:23-04
You shop around for a deal, only to see what you bought on sale just days later. Now, a new app is helping you get your money back. And as Contact 13 reports, the man behind it is from right here in Southern Nevada.
"It's like, here, here's money back. So it's nice," says Alisha Smith.
Who doesn't want that? She and her husband Taylor say it's easy.
"We saved on books. We saved on art supplies. We saved on clothes," says Taylor.
It's called Paribus. The app helps you get money back, when prices fall, for things you buy online.
Here's how it works: you simply download the app. Then it scans your inbox for purchase receipts. When something you bought goes on sale, Paribus contacts that store, and automatically collects the difference for you.
"I think one time we had a pair of Dockers we bought for $50, and it went on sale for $35. So they sent us $15," says Taylor.
So how does Paribus do it? They keep track of store rules. Many offer money back if something goes on sale within 7 to 14 days. And others make the same offer for up to 30 or 60 days.
"You don't even have to do anything for it. You sign up and then you pretty much forget about it," says Alisha.
And it turns out the co-founder of this handy app is a local boy.
"I grew up in Green Valley... Lived their for 18 years of my life. It's my home," says Eric Glyman. 
We skyped with the Paribus CEO in San Francisco. Eric came up with the idea for Paribus, while working in retail. He saw just how much money customers were spending, with no idea about up coming sales, just days later. It's a growing trend among retailers.
"When we started on this 2 years ago, Amazon was changing around 250,000 prices everyday. And now they're changing around 80,000,000 prices every single day," says Eric.
So you're probably wondering, what's the catch? Well for any money you get back, Paribus keeps 25%. But they don't make anything, unless they get you something. And that seems to be a deal many members are willing to take. Just like Alisha and Taylor.
"I was surprised at how easy it was," says Alisha. "The sign up literally takes 60 seconds, and it's going to instantly save you," says Taylor.
Paribus has a growing list of stores it works with; including Zappos, Amazon, Target and Gap. And since it's launch just 5 months ago, paribus has more than 40,000 members, boasting hundreds of thousands in savings. For Contact 13, I'm Tricia Kean.
For more information, visit: /https://paribus.co/