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Walmart's SavingsCatcher Compares Prices for Consumers

08 August 2014   Lynne LaMaster
"Our prices are unbeatable. And we'll prove it," promises Walmart.

"If a local competitor has a lower advertised price, you get an eGift Card."

Walmart has prided itself on being the "Low Price Leader" for decades. While the exact catch phrase may have changed from time to time over the years, Walmart has been at the forefront of promising the lowest prices. Department managers and store representatives make regular shopping trips to the competition to ensure that Walmart prices are lower. If customers could prove that another store had a lower price, Walmart gave the product to the customer at the lower price.

Well, now Walmart is offering customers the opportunity to submit prices and the company will check those prices. If someone has a lower price, Walmart will issue a gift card for the amount of the difference.

Here's how it works: Go shopping at Walmart. When you're done, save your receipt.

Go to http://savingscatcher.walmart.com. If you haven't yet set up an account, you'll need to do that.

Then, you enter your receipt number. Or, you can download the Walmart App, and scan in the barcode.

After that, sit back and let Walmart go to work. They will match the price of local competitors' printed ads for identical products. Recently they added produce and selected general merchandise items. This is a relatively new service for the public, so not everything is in their database.

"The number of general merchandise items compared will continue to expand over the coming months," the SavingsCatcher email promises.

Once they've compared the items you purchased with competitor ads, they'll send you an email with the results. It can take up to 72 hours. They will also tell you how many competitor stores they found, and which items they couldn't match.

Also, don't forget that you can always bring in ads when shopping, and get Walmart to match prices on the spot. This is great for meats.

One thing to note, they match identical items. So, if the Graco stroller you want to buy at Walmart has a product number of, "SJ665" and the one at Target looks exactly the same, but is a different color, and has a product number of "SJ664", Walmart may not consider it to be an identical item. If you have questions, ask the department manager for help.

This service isn't perfect. Also, it doesn't match generic products. But, it doesn't cost anything to try it out, and it might be quite helpful during back-to-school shopping.