Walmart will be ending the popular savings catcher program on May 14th, 2019. With savings catcher you’re able to scan or enter your Walmart receipts and it will compare the prices you paid to advertised prices by competitors in the local area, any differences are then refunded to you in the form of an eGiftcard. Walmart sent out the following e-mail to customers:
Dear Customer,Â
Here at Walmart, we’ve always been committed to providing you with low prices every day, so you and your family can save money and live better. Savings Catcher, which compares nationally advertised prices through submitted receipts, was designed to catch occasions when a competitor’s price on a particular item was found to be lower than what you paid for it at Walmart.Â
What we’ve learned through Savings Catcher is that our efforts to lower prices upfront on thousands of items across our stores is working. Walmart’s prices win most often when you submit your receipts, which tells us that the program’s intent has been met.Â
That’s why we have decided to discontinue the Savings Catcher receipt submission, effective May 14, 2019. After May 14, you will no longer be able to submit your Walmart Pay eReceipts to Savings Catcher. But don’t worry, the money you have on your Savings Catcher eGift Card will remain yours to spend until you’re ready to use it.Â
We want to thank you for your loyalty and your participation in the program. We’ll continue to work hard to offer you features and services that deliver on our promise to save you time and money—whether you’re shopping in our stores or online at Walmart.com.
Their reason for ending the program is basically ‘we offer great prices, so we don’t need this program anymore’. That doesn’t make a whole lot of sense because if it was the case then the program would have an effective cost of $0 (aside from maintenance and other costs). If what they are saying is true, I’d like to see some hard numbers on the amount being refunded on a monthly basis over time to support their claim.
