A free Silicon Valley website that has saved its members over $400,000 by monitoring $7 million in purchases launches new features for "Cyber Monday."
NEW YORK, Nov. 23, 2007 — This holiday season, shoppers feeling the holiday spending blues might be able to get some online help putting a little green back in their wallets. According to PriceProtectr.com (http://www.priceprotectr.com), a free website that helps consumers track the prices of items they've recently bought, many consumers aren't even aware that they can often get money back when the price drops on something they bought.
For the shopper to get money back, the retailer must have a price protection policy. Many household names in retailing have such policies. Unlike price matching policies where prices are compared between competing retailers, price protection kicks in when a retailer drops their own prices on their own items. PriceProtetcr.com covers more retailers than any other price protection website–almost 70 including Amazon, Best Buy, Sears, Circuit City, CompUSA, Staples, The Gap, Zappos, and The Apple Store. After the price drops on items protected at PriceProtectr.com, the buyer will be notified through e-mail. The user also receives detailed instructions on how to they may be able to collect the difference from the retailer.
"We've notified actual users of more than $400,000 in potential savings," said James Wallace, CEO of PriceProtectr.com. "Retailers put the policies in place for a variety of reasons. Whatever the reason, we want to help you get your money back if you can."
Today, PriceProtectr announced a set of new features making the site even more helpful for shoppers, including special offers from supported retailers and the "Price Drop Of The Day."
"Retailer ratings have been a big hit, with users giving feedback on a retailer's price adjustment service," explained Dave Cohen, Chief Technology Officer of the company. "The price drops and special offers are great new features that highlight money-saving deals. Now, using PriceProtectr, you can save money before you buy and get your money back afterwards."
With offices in New York and Palo Alto, PriceProtectr LLC has become the industry leader in automatic price drop notification, with over $7 million in purchases "protected." The company is in talks with strategic partners, investors, and retailers that should continue their momentum. Since the website's public launch in February, PriceProtectr has become the number one destination for price drop notification in the world, and a trusted name among its growing base of users.
"Watching $7 million in actual purchases is a big accomplishment. We're glad the word is getting out and that people might be able to save a lot of money using our service," said Tim Tonella, PriceProtectr's President. "The motto 'Get Your Money Back' has been our driving motivation-to inform our users of opportunities to save hundreds of dollars. With the biggest online shopping day of the year rapidly approaching, who knows how much money people signing up now will save?"
CONTACT:
JBaron Marketing
Jennifer Baron
415-568-8878
212-421-4593, x7101
Email
http://www.priceprotectr.com
SOURCE: Price Protectr LLC