Product Overview of Paribus and Capital One Shopping
While Paribus and Capital One Shopping are two distinct services, they both fall under the umbrella of Capital One’s consumer savings initiatives. Here’s a detailed overview of each, highlighting their key features and functionality.
Paribus
What it does:
Paribus is a price-tracking and price-adjustment service designed to help consumers automatically receive refunds when prices drop on their purchases. This service operates in the post-purchase space, focusing on ensuring users get the best price for their purchases after the transaction has been made.
Key Features and Functionality:
- Automated Refunds: Paribus tracks users’ purchases by scanning their email inboxes for receipts. When a price drop is detected, Paribus automatically requests a refund from the retailer on behalf of the user.
- Multi-Retailer Support: Paribus monitors over 25 online retailers to secure rebates for its users.
- No User Fees: The service is free to use, with Paribus generating revenue through targeted advertisements on its user interfaces.
- Easy Setup: Users sign up on the Paribus website and grant permission for the service to monitor their email accounts (Gmail, Yahoo, or Microsoft).
Capital One Shopping
What it does:
Capital One Shopping is a free browser extension and online shopping portal that helps users save money and earn rewards while shopping online. It acts as a personal shopping assistant, automating various tasks to ensure users get the best deals.
Key Features and Functionality:
- Automatic Coupon Application: Capital One Shopping searches for and applies the best available coupon codes at checkout, saving users time and effort.
- Price Comparisons: The service instantly compares prices across over 30,000 online retailers, including shipping costs and membership pricing, to ensure users find the best deal.
- Price Drop Alerts: Users receive notifications when the price of an item they are interested in drops, allowing them to make purchases at the optimal time.
- Loyalty Credits: Users can earn Capital One Shopping Credits on eligible purchases, which can be redeemed for gift cards at various top retailers.
- Watchlist Feature: Capital One Shopping allows users to add items to a watchlist and receive notifications when these items go on sale.
- Ease of Use: The service can be accessed through a browser extension or by shopping directly through the Capital One Shopping website. It is free to use and does not require a Capital One credit card.
Shared Benefits
Both services are designed to enhance the shopping experience by saving users time and money. Here are some shared benefits:
- Convenience: Both Paribus and Capital One Shopping automate tasks that would otherwise require manual effort, such as tracking prices and applying coupons.
- Cost Savings: Both services help users secure the best prices for their purchases, whether through refunds for price drops or by finding and applying discounts.
- Free to Use: Neither service charges users any fees, making them accessible to a wide range of consumers.
In summary, Paribus focuses on post-purchase price adjustments to ensure users receive refunds for price drops, while Capital One Shopping is a comprehensive shopping tool that helps users find the best deals, apply coupons, and earn rewards during their online shopping experiences. Both services are part of Capital One’s commitment to helping consumers save money and manage their finances more effectively.