Price Protectr turned 1 this December. I didn’t even know they existed until 2 weeks ago, I wonder how much money I could have saved if I did?
Price Protectr is as simple as it gets. Their claim is to save you money by helping you take advantage of online retailers price protection guarantee. In their words:
Sit back and relax. If we notice the price drop any time within the price protection period, we’ll send an email your way (and we’ll keep sending them if the price keeps dropping).
To use their service all you do is fill in the URL to the item you purchased. They then give you it’s title & current price. They assume you are buying it at that price and that you bought it today, but if not you can change both values. Once you’re finished setting up the item you simply fill in your E-mail address and click the protect me button. You’ll get a confirmation E-mail and then anytime the price drops you’ll get notified via E-mail as well.
There is no requirement to create an account, however if you wish to, creating an account gives you a few additional features such as tracking all of your savings.
At launch they only had 6 retailers. I’m not sure which ones, but I would guess sites such as amazon and buy.com topped their list at the time. Now they have over 70 different retailers listed and it’s still growing!
Consumers, don’t fret! Buy that IPod Nano or that PS3. Stop worrying about whether the price will drop in another few weeks or not and buy it now! Price Protectr is here to save the day!
Retailers probably love this because it will mean more people will throw caution to the wind and buy it now! I wouldn’t be surprised sometime in the future to see Price Protectr partnering with retailers and advertising in their stores.
What concerns me with Price Protectr is a question that often accompanies these web applications. How do they make money? It doesn’t seem like there’s any kind of a business model for them to turn a profit so will they last? Who knows, but I’m sure to take advantage while they’re here.