You are welcome to my Karatbars review. Can you make money with Karatbars MLM jobs? Is Karatbars safe, legit, and a good investment, or a scam pyramid scheme?
Doing your research about the online program is excellent. This was how I discovered how to transform my ideas and skills into a full-time earning.
Is Karatbars legal in your country?
Please know that I am not a promoter of Karatbars; therefore, expect an unbiased review of Karatbars from me.
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Karatbars MLM at a Glance
Product Name: Karatbars Investment.
Founder: Harald Seiz (2011).
Price: From $135 (bronze package) to $800 (gold package).
Product Type: Gold Investment MLM
Best For: People who want to make money trading gold and commodities
Summary of Karatbars MLM Jobs
Karatbars International is a Multi-Level Marketing company specializing in selling small gold bars and gift items in gold bullion. In addition to this, they offer members business opportunities to join and earn with them.
Is Karatbars legit, safe, and good investment or a scam pyramid scheme? Can you make money with Karatbar's compensation plan?
Yes, Karatbars International is safe and maybe a good investment, and it is not a scam pyramid scheme company.
But, Karatbars International is a direct sale and MLM company. It implies that they adopt direct sales, business models.
What is the implication?
It implies that it will be complicated for anyone to make money with International.
Why do I conclude that?
Why You May Not Make Money with Karatbars International
Jon M.Taylor, Ph.D., the founder of the Consumer Awareness Institute, did 20 years of research about over 600 direct sales companies in the USA and the rest of the world.
He concluded that 99.7% of people who join direct sales companies would lose their money.
Also, AARP Foundation-sponsored research and studied the impact of direct sales companies in distributors' lives in the United States. They published their findings in this book titled “MLM Research Study Report.“
The three books above are FREE PDF formats that you can download and read. It is shocking, and you will never join any MLM company ever again if you read them.
What is the implication of these findings to Karatbars International?
Though Karatbars is safe, legit, and maybe a good investment, it is also not a scam.
I will not be recommending this company to you because you will not make money with Karatbars International.
Also, there are warnings from regulators of some countries such as Germany, Namibia, South Africa, Canada, Netherlands, and currently under investigation in Florida, USA.
People are advised not to invest in Karatbars International products to avoid being scammed.
It will be challenging to get their product to resell and make profits.
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What do you think of my Karatbars International MLM review? Can you make money with Karatbars MLM jobs and compensation plan?
Is Karatbars International a legit, safe, and good investment or a scam pyramid scheme?
What is Karatbars?
Trading bullion can be a lucrative way to invest your money and a great way to diversify your risk.
Many traders prefer to balance their investments in the form of gold bullions.
This is because in cases of global economic crisis, gold relatively performs well.
Bullion is a bulk quantity of precious metal, such as gold, silver, platinum, or palladium measured by weight and then cast as bars or ingots.
Emerging economies usually experience long periods of economic and political instability.
During this period, citizens and investors alike experience devaluations in local currencies and are less likely to trust fiat currencies. For this reason, gold is an attractive failsafe.
Karatbars is a legitimate MLM company founded by Harald Seiz in 2011.
The company which is headquartered in Stuttgart, Germany offers its business opportunities across 70 countries and has plans to expand to over 194 countries worldwide.
Karatbars’ main product is the Karatbars Classic Cards which is a gold bar of 1-gram gold embedded in a card.
These cards are Karatbars' ways of providing some insurance against economic ups and downs. Since these cards are of smaller weight, they are easy to carry and are designed to appeal to customers.
Karatbars also has a product called the Collector Karatbars, unlike the Classic Cards the Collector Cards have a gold nugget embedded in them. It can offers gold in 1.0 Gram, 2.5 Gram, and 5.0 Gram Gold.
Karatbars present you with the kind of opportunity anyone would want to grab with both hands! But be careful, as easy as they make earning a passive income with Karatbars look, all that glitters is not gold!
Can you make money with Karatbars MLM Jobs? Is Karatbars safe, legit, and a good investment, or a scam pyramid scheme?
What do you think the review of my Karatbars?
Cost to Join Karatbars
Membership of Karatbars is open to anyone.
In as easy as three steps, you can sign up to be a member. However, Karatbars offers three pathways into its affiliate program.
You can either pay 135 USD to buy into Karatbars’s Bronze package, 350 USD for its Silver package or you could spend 800 USD to buy into its Gold package.
With any of these packages, you can earn with Karatsbar. This is your signup fee; you will need to pay for shipping and buy your supplies.
Who is Karatbars for?
Karatbars affiliate program is best suited for people who are familiar with gold and commodities trading, and who are seasoned traders of these products.
If you do not have this experience, I’m afraid this is a wild goose chase for you, one that will cost you.
How to Make Money with Karatbars MLM Jobs?
Gold is considered to be a universal investment and is accepted anywhere. Also, it can be easily converted during an economic crisis.
Your aim when purchasing bullion is to buy when prices are low and sell when prices are high.
You earn with Karatbars through:
- Sales dependent commission – direct, unilevel, and binary.
- Karatsbars Gold Fund.
- Recruitment-based bonuses and incentives.
Karatbars Compensation Plan
The Karatbars compensation plan revolves around a unilevel and binary organization.
Its unilevel organization creates a new leg underneath you for each member that you recruit into the Karatbars.
The company encourages you to hire at least two other people who become your downlines. These downlines are also encouraged to recruit two other people in turn.
You earn the following through the 7 Karatbars Uni-Level Ranks each month
- Supervisor – 200 Points
- Bronze Supervisor – 500 Points
- Silver Supervisor – 1250 Points
- Gold Supervisor – 2500 Points
- Bronze Manager – 4000 Points
- Silver Manager – 6000 Points
- Gold Manager – 9000 Points
For the Binary commission, affiliates earn from their downlines in a binary form.
A member receives a certain amount from their downlines if their team achieves 50 units on the right leg from sales and 25 units on the left leg.
The compensation plan for Karatbars is complicated, poorly explained, and involves so many unnecessary levels to find out more about its compensation plan.
You can download a comprehensive Karatbars Compensation Plan PDF here or watch the video below. What do you think of my Karatbars MLM jobs review?
Karatbars Support and Customer Service
Karatbars International can be reached at its physical location at Vaihinger Straße 149A, 70567 Stuttgart, Germany.
The company also has email support email@example.com, and since its agents are provided with landing pages, they may also have to act as their customer service providers.
How Does Karatbars Make Money
Karatbars is an eCommerce company that runs its affiliate program in the Multi-Level Marketing model.
So, how Karatbars makes money as a company, they sell gold coins with the promise of keeping the gold for their investor; why you have the gold coin saved with you like a crypto coin.
They make money off their buyers from the proceeds of virtual coins sold.
Many financial regulators have already called the company out like a pyramid scheme.
Is Karatbars a Ponzi Scheme?
Yes, Karatbars is a Ponzi scheme.
Karatbars is a Ponzi scheme because the attraction of every new entrance to Karatbars is not the Gold card, but their desire to make money via the invitation of more members to Karatbars.
They earn a commission for the introduction of more people to Karatbars instead of from the sales of Gold Cards.
But what is a Ponzi scheme?
A Ponzi scheme is a sort of fraud that lure people to invest in any scheme or business such that they reward the earlier investors with funds from the recruit to the system.
The scheme makes the people and their victims believe that they are making profits and that the benefits are coming from the product sales or purchase without knowing that their earnings are coming directly from other new investors.
Selling Gold cards should be the primary source of income to people and not the ability of members to recruit more members. Proof: Karatbars International is a Ponzi Scheme
It is reported that the Florida Regulators are currently investigating Karatbars for promoting crypto token that is said to have a link to a Miami Crypto Bank that does not have a banking license to operate commercial services.
Source: From CrowdFund Insider
They have been discovered not to have any store; that implies that they are selling virtual coins to members.
The commission should only be earned based on the card sold and not on the number of people they recruit as it is in the current situation.
This is why Karatbars is a Ponzi scheme.
The Karatbars management should restructure their business model such that the Gold Card should be sold directly to the people rather than via the Ponzi scheme is driven by affiliate network of people.
What is your take on my review of Karatbars? Is Karatbars legit, safe, and a good investment, or a scam pyramid scheme?
Can you make money with Karatbars MLM jobs?
It costs 135 USD one-time registration fee to become an affiliate marketer on the lowest level.
This cost does not cover shipping and other logistics associated with selling the gold bullion.
Also, the cost of purchasing gold with Karatbars is more expensive than the actual value you get for it in the gold market.
Karatbars usually sells gold to its users at a 25%-35% markup which is an unfair price if you ask me. What do you think of my review of Karatbars MLM and compensation plan review?
At any time, their cost per gram of gold is at least $30 higher than the standard global market price. Sometimes their price per gram of gold is almost twice the global market price.
Not only is this outrageous but it also makes it impossible for anyone to trade their gold.
This results in a loss for the trader and profit for the company.
Canada and Netherlands’ finance regulatory bodies have deemed Karatbars fools’ gold and warn their citizens from doing business with the German company.
Also, the company states that it is located in Germany, but if you look at the website domain, it indicates that the company is most like in Glarus, Switzerland.
Is Karatbars a Good Investment?
I can guess that the question you are asking now is that should I invest in Karatbars?
Will I invest my money in Karatbars? Hell no!
Karatbars is an excellent idea to secure your money if you are expecting the global collapse of the economic system. But what if nothing happens. It would help if you asked questions such as:
- How do you use or sell your Karatbars?
- Who will you sell it to?
- At what price will I get it sold?
It is easy to buy stuff like Gold but very difficult to sell, that is why you must ask questions.
The complaint is everywhere online that the price Karatbars sell its Gold is more costly compared to how much you can buy it in other major gold sellers.
To make profits, you need to know the mark-up price. You must know how much you will make.
If you are buying an ounce of Gold from Karatbars at a more expensive rate than what it is worth in another location, how do you sell it at a better price when it is time to get it sold? You will make a loss.
Can you make money with Karatbars MLM jobs? Is Karatbars safe and a good investment, or a scam pyramid scheme?
What do you think of my Karatbars review?
How to Withdraw Money From Karatbars
The idea of Karat Bars International is to help you store your fiat money in gold to avoid depreciation and loss of value.
Karat Bars International innovates three methods for you to be able to withdraw your money back from Karat Bars. The three innovations are:
- CashGold, and
Karatbars International international called K-Exchange “a network of trust.”
K-Exchange is a network of stores/shops that are equipped to accept Karat Bars currency in virtual or physical form i.e., KaratPay (virtual) and the CashGold.
K-Exchange is a medium of monetary exchange and payment.
The CashGold is the physical currency of Karatbars that is developed by KaratBank and Karat Bars International for payment and to replace the fiat currency.
CashGold has embedded Gold bars with the smallest unit of 0.1 gram. The CashGold is available in the denominations of 0.1g, 0.2g, 0.4g, and 0.6g.
KaratPAY is the online platform that accepts the processing of the transaction in CashGold.
KARAT Gold Coop and Karatbars International developed KaratPAY.
With KaratPAY, you can transfer, buy, and deliver CashGold online. KaratPAY makes use of the KBC coins, also known as KaratGold Coins, for every transaction on the KaratPAY platform.
How will you then be able to withdraw money from Karat Bars?
You will need to open a KaratPAY account, which is free. And you can then exchange your KaratGold Coins (KBC) for CashGold.
You can use any of the following channels for your Karat Bars transactions.
- K1 IMpulse Smartphone, and
- Karat Bars ATM
You can easily buy CashGold online with your credit card and upload it on your KaratPAY platform that can then be used to perform any transaction you want.
Also, purchase with your CashGold and exchange it online.
You can also withdraw CashGold on the Karatbars ATM or any K-Exchange shop of your choice.
***There are very few Karat Bars ATM in the US not to talk about around the world. This is a problem for this innovation***
Is Karatbars Legit or a Scam?
Is Karatbars safe and may be a good investment, but look like a scam pyramid scheme?
What aided my calling it outrightly a scam is an investigation and discovery of “The Autorité des marchés financiers – AMF.” Also, refer to as The Autorité des marchés financiers.
They discovered the following about Karatbars International:
- They claimed that Karat Bars’ activities are very similar to a Pyramid Scheme
- Karat Bars are promising unreasonable returns
- As requested by Karat Bars, they discovered that the company does not keep either did they store gold on behalf of their investors
If the above is not a scam, what is it then?
The above is a different warning from Netherland and Canada finance regulatory bodies
It is an overpriced and shady MLM. The company structure is designed so that you have to recruit more people before you can earn, making it seem like a Ponzi scheme.
Also, if you want to earn from gold, isn’t it safer to buy from reputable companies?
Also, their price per gram of gold is more costly than the price in the global market.
How then do they expect their investments to make profits? The price is almost 2x of what you can get it at a regular market. Is that not afraid?
Most people that are promoting Karatbars as legitimate are their affiliate marketers that share the commission with the company.
Warnings from various other financial regulators include:
- The Bank of Namibia (BON)
- Germany BaFin (Federal Financial Supervisory Authority)
- The Financial Sector Conduct Authority of South Africa also issued a securities warning.
- Karat Bars International is also currently been investigated by the Florida regulator in the US.
This also makes Karat Bars not to be legal in South Africa. What do you think of my Karatbars review?
Is Karatbars legit, safe, and a good investment, or a scam pyramid scheme? Can you make money with Karatbars International compensation plan?
Is Karatbars MLM Jobs Legal in South Africa
No, Karatbars International is not legal in South Africa.
The company is not authorized nor have a permit in terms of Financial Advisory and Intermediary Services or to give any related financial advice in South Africa.
The FSCA – Financial Sector Conduct Authority (FSCA) has warned the general public not to deal nor invest their money in an entity called Karatbars.
The FSCA, Financial authority and regulator in South Africa claimed that Karat Bars is employing the MLM system and pyramid scheme (though the company disguises it as an eCommerce) for the sales of their products and services.
This was carried in many newspapers in South Africa in 2019, most Karatbars review will tell you that it is not legal. see below:Source:
Also, Karat Bars has been flagged in five countries now, and the population warns not to deal with the company in them, the countries are:
It is official, Karabars is not authorized or permitted to practice its Financial Advisory services with its MLM and Pyramid scheme in South Africa, Canada, Namibia, Germany, and the Netherlands.
Does that make Karabars International okay in your country? Can you still invest your money in this company?
Is Karatbars safe, legit, and a good investment, or a scam pyramid scheme?
Is Karatbars International Safe and Good Investment?
Karatbars seems legit, safe, and a good investment, and not a scam pyramid scheme?
But the company has been called out to be practicing pyramid schemes by regulators of many countries.
Please know that I will not recommend Karatbars International MLM jobs.
Why is that? Because you will not make money with the Karatbars International compensation plan.
The company's business model is a structure to favor very few people, i.e., the owners, the unique investors, and the people at the top of the compensation scheme.
Though Karatbars international is selling and promoting legitimate products and services and is registered with the World Trade Organization, they also follow the Gold industry's rules and guidelines.
That is why Karatbars international is not a pyramid scheme scam but a legit, safe, and good investment.
But 99.7% of the distributors will lose their money because of the company's business model.
What do you think of my Karatbars international MLM jobs review? Can you make money with the Karatbars global compensation plan?
Is Karatbars legit, safe, and good investment or a scam pyramid scheme?
Is Karatbars MLM Jobs Worth Your It?
What do you think of my Karatbars review? Do you think you will make money with Karatbars MLM jobs?
Is Karatbars safe, legit, and a good investment, or a scam pyramid scheme?
Karat Bars is selling a shady product behind its affiliate marketing system.
However, if you are looking for legitimate platforms to make money from I will like to recommend Wealthy Affiliate.
Its affiliate marketing program has allowed me to earn passive income. I have been able to make a four-figure passive income every month from Wealthy Affiliate.
You can click on my link here, to read more about the Internet Marketing Techniques that Wealthy Affiliate equips you with.
What do you think about my Karatbars Review? Is Karatbars legit, safe, and a good investment, or a scam pyramid scheme?
Can you make money with Karatbars MLM jobs?
Is Karatbars legal in your region? Are you worry about many declarations by some countries that Karatbars is a Ponzi scheme
I will love to hear from you, kindly drop your thoughts in the comment section below.
It is great to meet you finally. John is my name, and I'm the owner of Amazing Profits Online. I am a Full-Time Affiliate Marketer at Wealthy Affiliate, a community that teaches anyone to earn a full-time income online with their own passion-driven online business. No Credit Card Is Needed. It is FREE to Join. You can also Click here to get to know more about me.