NEW YORK, April 26, 2016 /PRNewswire/ -- Pricerazzi, the app that "Keeps Track for Money Back", is launching in the United States and will be a game-changer for the way customers get money back on purchases. The app, which has seen significant recent growth, gives users financial peace of mind by tracking prices on recent purchases and providing the materials to claim the maximum amount of savings for each item.
Pricerazzi estimates that, each year, only five percent of available price match savings are claimed, leaving an estimated billions of dollars on the table that could have been in customers' pockets. Retailers have different policies, and most consumers lack the time and resources to uncover potential savings. With Pricerazzi, users simply take a photo of their receipts, and the app uses an automated algorithm to search for the lowest price on recently purchased products to determine where price savings can be claimed. If the purchased items are being sold for less than what the user paid, or have gone on sale, the app immediately sends a money back alert via email or text. When the customer receives a money back alert, they simply pay a 15 percent success fee on the money back value and Pricerazzi puts in the time and effort to get them everything they need – the original retailer's price match policy, photo of lower price availability, etc. -- to redeem money back. Plus, Pricerazzi continuously searches for lower prices until the price back guarantee for a specific item has expired.
Pricerazzi tracks purchases across 1,000+ online and physical retailers and, to date, Pricerazzi users claim an average of $53 USD back.*
"Purchasing large ticket items, such as appliances and electronics, is always stressful and most people aren't even aware they could be getting money back on these big purchases," said Declan McDonald, CEO and founder of Pricerazzi. "With the Pricerazzi app, customers can shop with the confidence that they will get the lowest possible price, making the whole process much simpler and more enjoyable."
The Pricerazzi app matches consumer receipts with retailer Price Match programs to determine if products purchased are available elsewhere at a lower price. Users simply download the free app, upload receipts, and wait for money back alerts.
*Based on average product purchase price of $318 USD and according to Canadian dollar to USD exchange rates as of April 20, 2016.