Today we review Karatbars for you. What is Karatbars International? How does it work? Is it for you or should you look at other options? This and more questions you get answered in this review!
Name of the company: Karatbars International
Founder: Harald Seiz
Overall Rating: (2 / 5)
Recommended?: Not recommended
Important to mention before we go into more details of this review:
We always strongly recommend doing your own research online before you choose a company to invest with. There are so many reviews online of clients being ripped off and scammed. So please investigate thoroughly before you make your decision.
==> Learn about our top 5 recommended Gold dealers on this page <==
With that being said, let´s continue with the review on Karatbars!
What is Karatbars International? Is it an opportunity that you can take up to meet your moneymaking objectives? That is exactly what I will be helping you figure out in this review. In order to cover the elements of this company that matter most, I will stick to providing answers to the following questions:
– What is Karatbars International?
– How does this company work?
– What does this company offer?
– Which are Karatbars’ gold products?
– Is it a genuine company?
– What are its pros and cons?
What is Karatbars International?
Karatbars exists as an international company that came to birth in 2011 in Stuttgart, Germany. This company claims to offer very simply as well cost-effective approaches to investors who are in need of investing in gold.
This company actually operates as a Multi-Level Marketing firm. Besides that, it has an e-commerce platform that was created by its founder in 2011. Karatbars has so far managed to spread its roots to more than 70 nations across the world, and it still has plans to create a complete global footprint.
How does this company work?
Most MLMs rely on a similar model of product distribution. There is therefore usually a defined scope of the ways in which you can create money from them. With Karatbars, you can earn an income through the following ways:
1. Commissions at various marketing levels
2. Various bonuses and incentives
3. The Karatbars Gold Fund
Joining this company is free, but you are required to buy one of the following packages in order for you to enjoy any commissions:
1. Bronze package-$135
– You get no gold with this package.
– You get (2)100 Euro Bonus Cards.
– Also comes with (2) 3% bonus cards
– You get 5% direct commissions for sales.
2. Silver package- $350
– This package comes with 1 gram of gold
– You get (3) 100 Euro bonus cards
– You also get (3) 3% bonus cards
– Karatbars gives you brochures.
– You gain access to 10% of this company’s direct commissions.
3. Gold package-$ 800
– This package gives you (2) grams of gold
– You get (7) 100 Euro Bonus cards
– Also comes with (5) 3% Bonus Cards
– You get this company’s brochures.
– It comes with 15% direct commissions.
This company previously offered the VIP package but ceased doing so in December 2015.
What does this company offer? (The compensation plan)
Karatbars happens to have a very complicated compensation plan. It is actually 25 pages long. How therefore do you earn from this company?
1. Package sales Commissions
Every time you sell a package to a new recruit, you earn the following amounts of money:
1. $70 for the silver package.
2. $170 for the bronze package.
3. $340 for the gold package.
2. Unilevel sales commissions
You can make unilevel commissions of up to 5.5%.
3. Binary commissions
These are commissions that a distributor receives on the amount spend by their downline. This is usually determined through the Karatbars binary compensation format.
4. Worldwide Turnover Bonus
This is a bonus that comes in the form of 95 cents for every single gram of gold sold by this company.
Karatbars’ gold products
Karatbars engages in the sale and distribution of pure gold. It sells very minute quantities of 24 ct Atakulche bars (999.9 pure gold). This gold is usually produced by the London Bullion Market Association as well as London’s Good Delivery.
Karatbars usually stamps its gold with a unique trademark which is proof of genuineness. The gold bars are usually embedded in credit-card like units that have UV-protected films. This makes it very easy for one to identify the gold distributed by this firm.
This gold has unfortunately received criticism from buyers that it is not reliable for making jewelry, and that it is only good if one has no purpose with it.
Is Karatbars a Scam or Legit and Genuine?
Karatbars has unfortunately been in the spotlight in a number of countries where it has been identified as a Scam. In Canada for instance, the government of Quebec banned this company from conducting any trade both physically and online. The authorities site the fact that without such control, Karatbars is capable of continuing soliciting investors. They state that:
– Karatbars is a pyramid scheme
– Its affiliates are not in it to sell gold but to promote the MLM activities.
– This company promises returns of up to 874% in about 12 weeks.
– This company does NOT have any interaction with Prosegur, a company that Karatbar claims help with the storage of their gold.
There are MANY alternatives I would recommend as better ones, none of them are MLMs but rather real and serious gold investing companies, I have listed the top-rated ones on this website, but there is one that stands out from the crowd.
The #1 recommended company to purchase from I would say is found on our top 5 list
They got (by far) the highest ratings and pretty much flawless reputation and testimonials from investors, so if you haven´t already checked them out, make sure to do so if you are a serious precious metals investor.
Pros and Cons
It might be wise to compare the positive sides against the negative ones to get a better overall view of something, right? As always in our reviews we provide you with some clear points on both sides of the spectrum:
– Offers training to new members
– This company’s gold is overpriced
– This company is a multi-level marketing firm.
– It has been declared a scam in some nations
– The earnings projections are quite unrealistic.
Do You Own or represent Karatbars?
If you are a representative, or associate of Karatbars and have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an e-mail to firstname.lastname@example.org.
Final words and verdict
Verdict: Not Recommended
Overall rating: (2 / 5)
Ok, I think that sums up the overall view of Karatbars. Sure, some might call it a legit service, however, many would call it a scam as well. What do you think?
If it is the right one for you or not is something you have to decide yourself. It is always a wise thing to educate yourself as much as possible in the areas you are interested in. It might be a good thing for you, however, make sure to get your info from more than one source.
You made a wise decision to read this review and you are a smart person so I am absolutely sure that you will find the right company to do business with that suits your particular needs the most.
What I would recommend?
There are many great investment services out there. We have many Gold Mining investment opportunities and services, coin dealers, IRA service providers, and financial services in general listed on this website, mostly for precious metals and Bitcoin but also for other alternative investments.
You can find the best from 2 worlds that we can recommend below:
I hope you found this short review of Karatbars to be helpful and that you now have a better understanding of what it is and if it is something for you or not. Please, if you have used any of their services then share your experience in the comment section below as it can help others! Also, if you got any questions about this review I will be more than happy to answer them below!
I wish you success!
founder of: Goldretired.com