Oct. 10, 2012 at 10:54 AM ET
If you take a systematic approach to tech product pricing, you will find that prices don’t just slowly rise and fall over a period of days or months. They can also jump up and down over the course of a day, changing as many as twenty times, according to the price-tracking site Decide.com.
Decide tracks these fluctuations, crunches the numbers, predicts whether the price of a product will rise or fall, and tells you whether to buy or wait. And now Decide will back up those predictions with a price guarantee that pays you the difference to the tune of up to $200 per product if they get it wrong and the price drops lower than what you paid within two weeks of when you made the purchase.
So how does it work? The guarantee applies to any product Decide predicts is a good time to buy, but only if you buy it from the retailer listed with the lowest price. You then forward your email receipt to Decide before midnight PST the same day. Decide automatically tracks the price across thousands of retailers —including Amazon, Best Buy and Walmart — for the next 14 days. If the price drops, Decide will notify you and pay the difference.
Right now, the guarantee covers 200,000 products in more than 75 categories across electronics, appliances, sports & outdoors, tools, and lawn and garden. And, for now, the service is free. Soon, Decide will require a paid subscription to get the price guarantee.
In addition to pricing advice, Decide also helps you select which product to buy. On each product page you’ll find a “Decide Score,” which takes into account user and expert reviews.
For instance, this Canon EOS Rebel T4i gets an 87 and is considered highly rated. You can read the reviews the score is based on and see comparable products. And, you’ll also see news and rumors related to the product.
With much of the shopping leg work done for you, all that will be left is for you to decide.
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