I just recently mentioned PriceAmbush, a site that helps you find the lowest price while shopping online. But what happens when you buy something online and the price drops two days later? We’ve all been there. Well, new web service PriceProtectr.com is here to help.

From the site:

There are lots of stores out there that offer price protection policies — when the price drops on an item you’ve purchased, they’ll refund you the difference. But there’s a catch… it’s up to you to watch prices. Price Protectr makes it simple to keep track of your purchases and get your money back. It’s free. It’s easy. It’s free and easy money. How often do you get that offer?

The service currently boasts 46 online retailers including Amazon, Best Buy, Circuit City, Costco, Future Shop, Sears and Staples.

By taking the hassle out of searching for price drops, PriceProtectr makes it much easier to focus on what really matters… like that new shiny 16BG iPod Touch.

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