A Brooklyn-based start-up developed a price adjustment platform called 'Paribus,' which guarantees consumers the best price even after the date of purchase. While most e-commerce retailers offer price adjustments, very few consumers take advantage of these opportunities. Paribus does this task for consumers by automatically scanning online receipts and filing adjustment claims on its own whenever a consumer is eligible.
Users can sign up to Paribus by simply registering their email and the Paribus Receipt Fetcher will go through and identify the cost of their purchases. The plugin will then automatically track and price match up to 20 e-commerce sites, including Amazon, Walmart and Target, to allow users to claim money back when price adjustments occur. The automated technology works quietly in the background to help you save money while shopping as you normally would.
Price Adjustment Platforms
The 'Paribus' Plugin Automatically Fetches the Best Price for Consumers
Trend Themes
1. Automated Price Adjustment - Developing automated price adjustment platforms like 'Paribus' that scan online receipts and file adjustment claims for consumers can disrupt the e-commerce industry.
2. Maximizing Consumer Savings - Creating platforms like 'Paribus' that track and price match multiple e-commerce sites can disrupt the way consumers save money while shopping online.
3. Streamlined Shopping Experience - Integrating plugins like 'Paribus' that automate price adjustments can disrupt the shopping experience by providing consumers with an effortless way to get the best price even after purchase.
Industry Implications
1. E-commerce - The e-commerce industry can benefit from implementing automated price adjustment platforms like 'Paribus' to enhance customer satisfaction and loyalty.
2. Retail - Retailers can leverage automated price adjustment platforms like 'Paribus' to attract and retain customers by offering them the best price even after purchase.
3. Technology - The technology industry can explore opportunities in developing innovative plugins and platforms like 'Paribus' to revolutionize how consumers save money while shopping online.