Karatbars -Is Karatbars International Scam or Legit Opportunity?
Let’s see. Selling something very much precious isn’t that easy. And especially Gold!
Yes that’s what Karatbars do. They sell gold bullions of high purity. We can have a quick look for the complete & genuine Karatbars review to check whether it is a scam or another gold scam.
|Company Name:||Karatbars International|
|Industry:||Multi Level Marketing|
|Head Quarters||Stuttgart, Germany|
What is Karatbars International?
Karatbars International is a company that was formed in the German city of Stuttgart in the year 2011. It offers simple and cost-effective ways for those who are interested in investing in the precious metal, Gold.
What is multi level marketing? Is Karatbars actually an MLM? Well, what the company infers them is an e-commerce establishment with an affiliate program. And what’s the difference?
In MLM, you are basically supposed to buy products. But in Karatbars, there is no necessity to buy any products. Even though this is the case, they operate like an MLM. And hence, it would be suitable to call them a network marketing company that sells gold and gift items in gold bullion.
What does Karatbars International Sell?
Karatbars delivers small gold bullions of purity of 24 karats 999.9 % gold. Usually, these billions are just 1 gram in weight. They are fully insured and shipped to our address with reliable, and fast delivery. These gold bars are produced at Atasay in Turkey.
Each and every gold bar consists of a trademark symbol and the imprint of the quality checking firm. Hologram stickers are also provided on the reverse side of the plastic card for security purposes.
Small quantities of 24k, 999.9 gold bullion are available from Karatbars in the following denominations:
- One gram
- 2.5 grams
- 5 grams
So, you don’t have to be flush with cash to invest in gold, because it’s available in very small denominations. They are so small that they must be sealed into a plastic card that resembles a credit card in order to avoid loss.
They claim that by embedding “DNA” into the gold, their gold products provide the highest safety standard in the world, demonstrating their authenticity under a black light.
The cards are available in a variety of designs, ranging from patriotic themes to sports teams to “Happy Birthday” and “Happy Valentine’s Day” cards.I don’t know about you, but I’d much rather receive a chunk of pure, solid gold for Valentine’s Day than some drugstore chocolates and a rose.
When it’s time to trade in your gold, you can do so at any registered K-Exchange location or with Karatbars at their “daily guaranteed buyback price.”
And if you are planning to exchange your gold back for currency, you can do so with Karatbars at their “daily guaranteed buyback price” or at any registered K-Exchange centre.
Read more to know about other MLM Company Reviews
How much does it cost to join Karatbars?
There is literally no cost to join Karatbars International, or it’s absolutely free! And in case if you wish to buy any compensation, then you will be needing to buy one of the starter packages under their plans.
Their different starter packages of the Karatbars International group are:
- Bronze ($135),
- Silver ($ 350),
- Gold ($800),
- VIP Package ($2000)
The packages is what determines the amount you will earn per cycle.
For example, with the Bronze package, you will earn about $10. With the VIP package you can earn over $100!
Is Karatbars Scam or another MLM opportunity?
Karatbars sells a genuine and legitimate product. They are registered under the WTO (World Trade Organization). Also, they have strictly followed the rules and regulations the gold industry demands, till now! And hence, it is definitely an opportunity but there are far better opportunities out there.
According to Inc.com, Karatbars’ revenue is estimated to be between $10 million to $100 million. Karatbars International have about 5 lakh distributors which is spread over the globe.
Karatbars International ranks in one of the Top MLM Companies in Germany list.
Karatbars Compensation Plan
The seven different ways through which an affiliate can earn income from the Karatbars’ compensation plan are through the given below processes:
- Direct commissions
- Unilevel Bonus,
- Generation Bonus,
- Package Bonus,
- Dual Team Bonus,
- Karatbars Pool,
- Karatbars Gold Fund.
Here, the package commission is paid out to the affiliates each time they sell a new package to an affiliate they have recruited. And it is as given below:
- Silver package commission: $26
- Bronze package commission: $60
- Gold package commission: $150
- VIP package commission: 20% or $400
There are mainly 12 affiliate ranks in the Karatbars’ Compensation Plan. The independent business owners or the affiliates get a fixed percentage of the amount as the unilevel commission based on their ranks, whenever the agents below them spent money.
For instance, the lowest rank holder, Distributor, doesn’t qualify for unilevel commissions.
But the affiliates with ranking above the Distributors can generate a unilevel commission between 0.5 – 5.5 % depending upon their respective ranks! The commission percentage increases by 0.5% with each rank increase. And in binary commission it is offered in a binary format, which is paid out generationally.
For example, if an affiliate’s team achieves 50 units in sales (the Bronze package, for example, is 50 units) on one leg and 25 units on the other leg, then they are eligible for a commission of:
- 40 EUR – if someone from their downline purchases a package of Bronze
- 60 EUR – if someone from their downline purchases a package of Silver
- 80 EUR – if someone from their downline purchases a package of Gold
The above mentioned are the main forms of payout procedures followed in the Karatbars compensation plan.
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Is Karatbars a Cryptocurrency ?
Karatbars previously released a cryptocurrency that was alleged to be backed by gold, but CoinDesk was unable to establish the presence of the mine where the gold was allegedly mined. Three of Karatbars’ current “affiliates” talked with CoinDesk, all of whom expressed high faith in the company and its coins.
Karatbar’s Gold Company – Is Karatbars Gold a Good Investment
As per this Karatgold Coin analysis, recently the investment has a 2.1 out of 10 security rank and +834.9% presumed profit with the value moving to $0.007399.
Karatbar’s Gold Company is currently based on the following projects:
- Karatbars International GmbH
- KaratPay System
- Impulse K1 Phone
- Karatbars CEM
Founder & CEO of Karatbars International- Harald Seiz realised that karatbars gold in small groups must be economical for everyone and thus offers many people the chance to build and maintain a secure existence in the form of gold. GoldCards with small integrated fine gold bars of 1 gram are dispatched from Stuttgart all over the globe.
Some Cons of Karatbars International
- Karatbars’ Gold is overpriced
Karatbars Gold is overpriced compared to its other competitors in the sector. Apart from the higher amount, they also charge an amount as shipping charges.
- Unrealistic and Exaggerated Earnings Projections
The earnings projected by the company seems a little exaggerated and unrealistic.
- Online reviews about Karatbars are not up to the mark.
There are a lot of negative reviews about Karatbars International out there on the internet. So it’s always advisable to think twice before opting for any decision
After going through Karatbars review, we hope you got a crystal clear idea about this MLM Company. Expanding your MLM portfolio by adding one of the precious metals that we have on this earth is always a wise decision.
Karatbars International is one of the rare MLM companies which offers Gold as their product. But if you are entering into this sector for reaping the maximum benefits, then there are a lot of other better options out there.
Yes, definitely karatbars do have a lot of their own positives like excellent training, premium quality product etc. But it is advisable to research on the other options available in the MLM thoroughly and choose the best one which is apt for your successful MLM career.
To succeed in your MLM business, it is the need of the hour to build an MLM software, so that you can manage your network marketing business smoothly.