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What is the Karatbars International Scam? Should You Invest in the Company or Avoid it?

May 18, 2018 26 Comments

Karatbars International

3.1

Quality of the Program

3.0/10

Support

4.0/10

Price

2.5/10

Reputation

3.0/10

Pros

  • Investing in gold is a good idea

Cons

  • Complaints about Karatbars
  • Warnings about Karatbars
  • Negative reviews about Karatbars
  • Karatbars gold is highly overpriced
  • Unrealistic income claims

what-is-the-karatbars-international-scam

 

Product name: Karatbars International

Owner: Harald Seiz

Website: Karatbars.com

Price: $135 up to $2172 + shipping

Overall rank: 30 out of 100

Verdict: Not recommended

 

Today I’ve come across a very interesting program called Karatbars International and after doing some research decided to write my review because I feel there is some necessity in doing so.

I feel it because based on my research I see there are many people that show interest and search for this opportunity.

If program is good and has many positive reviews then I leave it or sometimes I write my own review.

But when I see that the program is not so good and there are many negative reviews I write my own review to save people from falling for the wrong program.

When it comes to Karatbars International my research shows that this program is not so good.

There is some potential in it to make money but there is WAY more danger in it than good. You can easily lose lots of money in this program.

Let’s start our research to find out what is the Karatbars International scam. Is it really a scam or a fantastic opportunity to make a lot of money? let’s do it.

 

Short review of Karatbars International

Karatbars International is a classic mlm (multi–level marketing company) specialized in selling precious metals. But how can you benefit from this opportunity?

You can do it if you decide to buy Karatbars gold bars made in the form of plastic cards.

They actually look like plastic cards. These gold cards are of different size, 1 gr. 2 gr. 3 gr. Prices are different too.

 

Pros of Karatbars International

  • Investing in gold is a good idea

 

Cons of Karatbars International

  • Complaints about Karatbars
  • Warnings about Karatbars
  • Negative reviews about Karatbars
  • Karatbars gold is highly overpriced
  • Unrealistic income claims
  • No refund

 

Karatbars International is NOT recommended due to highly overpriced products. Let me recommend you another program I’ve been a member of since 2013. It’s FREE to try.

 

income

 

 

signup

 

 

Karatbars International review

First of all I want to let you know that I’m not affiliated with Karatbars in any way.

My review is based on my research and generally speaking my review is my opinion. You can AGREE with it or DISAGREE.

As I said, Karatbars is specialized in selling gold bars in the form of plastic cards.

 

Karatbars cards

 

My research shows the company has offices in more than 50 countries.

But I can’t check this info if it’s true or not. Karatbars also claims that their gold is of superior quality but I can’t check if it’s true or not.

Like any mlm program Karatbars offers its compensation plan that you can see below:

 

  • Gold Manager/9000 points/per month
  • Silver Manager/6000 points/per month
  • Bronze Manager/4000 points/per month
  • Gold Supervisor/2500/per month
  • Silver Supervisor/1250 points/per month
  • Bronze Supervisor/500 points/per month
  • Supervisor/200 points/cumulated Distributor

 

Karatbars gold

 

The main focus of Karatbars Internationalk like with any other mlm is recruiting new members and trying to convince them to buy overpriced gold.

You have to do so for the sake of earning a commission. I don’t think it’s a good practice though.

Karatbars system is complicated and it’s common to almost all MLMs that I’ve seen so far.

 

They offer different monetization plans such as:

  • Unilevel bonus
  • Direct commission
  • Generation bonus
  • Dual team bonus
  • Karatbars pool
  • Karatbars gold fund
  • Package bonus

 

As a member of Karatbars you will have to buy a certain amount of gold in every x amount of days to keep your membership status active.

They have an auto-purchase function on their site that you can activate.

Also, remember that as an mlm promoter you will have to be super active and promote this opportunity to your family members, friends.

You need to be an aggressive promoter otherwise you won’t make any money.

Also, Karatbars is not open to everyone wanting to register at their website. You need to find a sponsor and register through his/her id.

Even after creating your account you’ll need to choose and buy one of Karatbars packages.

 

Karatbars offers different packages:

 

  • Bronze – $149 – 5% commissions
  • Silver – $350 – 10% commissions
  • Gold – $810 – 15% commissions
  • VIP -$2172 – 20% commissions

 

Karatbars International packages

 

With Bronze package you can earn only 5% commission. If you want to earn more then you need to buy other, more expensive packages.

You also need to make a certain amount of sales per month to get higher rankings and earn more commissions. If you are on the first level, i.e.

Bronze level, you’ll need to make 50 sales per month. In short, their compensation system is too confused in my opinion.

But it is very normal for almost all mlm companies.

You also need to be careful when doing research on this company on Google or Youtube.

You can come across some positive reviews or videos that describe Karatbars as a perfect opportunity to make a ton of money with the system.

In fact, it’s not true because many of those reviews and videos were written or recorded by affiliates of Karatbars. Most of them don’t make any money at all.

They simply want to convince people like you to buy Karatbars gold so they can make money off you.

Also, keep in mind that there is no refund once you’ve purchased one of Karatbars packages.

Karatbars packages require you to pay extra money for the package though actual price of the package is not what you pay for.

For example, if the cost of the package is let’s say $1000 you will pay $2500 instead. You can ask why? I will explain.

You will be paying more for the sake of having the right to earn higher commissions. But where is the guarantee that you will be able to sell Karatbars packages?

And why pay more? Instead you can buy gold somewhere else and sell it yourself without Karatbars.

I believe there are TOO MANY negative aspects in Karatbars and there are too many scam signals here.

I strongly believe avoiding Karatbars is the best you can do if you want to avoid wasting your money.

 

What I like about Karatbars International

Karatbars International is not a complete scam and there are a few things that I like about this mlm opportunity.

First of all investing money in gold is a good idea. Because gold is gold. It can protect your investment because prices for gold are very stable most of the time.

Most mlm programs provide some kind of training, support and not always but very often assign you your personal mentor.

They pay based on multi–level system.

 

What I don’t like about Karatbars International

There are of course a things that I don’t like in Karatbars International. First of all, their prices are very high. I mean they are really high.

If you buy a gold somewhere else you can buy it for a much cheaper price. If you buy it from Karatbars International it’s going to cost you a buck.

I don’t know why Karatbars International sells its golds for such a high price.

The market price for one gr. of gold is 36$ and the price of Karatbars International is 62$.

I think it’s unreasonable to buy gold from Karatbars.

There are complaints and negative reviews about Karatbars International. I put some screenshots here so you can read it before making a decision.

 

karatbars complaints

 

karatbars complaints

 

karatbars complaints

 

Karatbars opportunity requires a solid investment and to be honest I don’t think it’s worth that much effort and investment.

Investing money in gold is good but if you buy it from Karatbars for such a high price how are you going to sell it? Who will buy it?

Some members complain about never being paid by Karatbars but I can’t prove this fact.

There is also a warning from official Canadian organization AMF against Karatbars.

 

 

BTW, you can read the complaint below.

As you can see, the biggest issue with Karatbars is selling overpriced gold to people.

The bad thing about Karatbars is that you can’t leave the company without prior meeting with your sponsor

Karatbars makes some unrealistic claims, such as the opportunity to earn between $15.000 – $136.000 per month.

It’s also reported by AMF that Karatbars is similar to a pyramid scheme.

My research also shows that many of these warnings have been removed after the fine has been paid by Karatbars.

 

Can you become successful with Karatbars International?

Achieving success with Karatbars is possible. Theoretically speaking, everything is possible.

But as I said above, will you buy gold for $62 per 1 gr. from Karatbars when you can buy it from other places for $36 per 1 gr? Does it make sense to you?

If you buy from Karatbars it means your gold will be more expensive than gold available on the market.

Will you be able to sell it to other people? Who will buy it from you?

The only way in my opinion is to get other people to join Karatbars through you so you can make money off them.

I believe the idea promoted by Karatbars sounds great but in practice it doesn’t work most of the time.

Anyway, if you still want to join Karatbars you can do so. It’s up to you. I think chances to become successful with Karatbars are very slim though it’s possible.

 

Final word on Karatbars International

I think Karatbars gold prices are so high because they need to make payouts on their multi–level scheme. This is very normal almost for all mlm programs.

I’ve seen it before when doing my research of other mlm programs and Karatbars International is not an exception to this rule.

Mlm products and services are overpriced most of the time because they need to pay to its members based on their mlm scheme.

It’s true that MLMs pay very generous commissions.

But they pay because they sell overpriced products and services. They do so because otherwise they can’t pay generous commissions.

The main issue here is that by becoming a member of such a program like Karatbars or any other MLM you become a promoter of those overpriced products.

It’s not easy to sell overpriced products when there are other products available on the market for a much lower price.

As I said above, investing money in gold is ok but buying overpriced gold and then selling it to other people is going to become a serious challenge.

I would stay away from Karatbars International. It’s hard to say if it’s a scam or not. Avoiding it would be the best decision in my opinion.

 

Final glance at Karatbars International

  • Investing in gold is a good idea
  • Complaints about Karatbars
  • Warnings about Karatbars
  • Negative reviews about Karatbars
  • Karatbars gold is highly overpriced
  • Unrealistic income claims
  • No refund
  • Overall rank: 30 out of 100
  • Verdict: Not recommended

 

This program has led me and many others make a solid income online. Find out how you can too!

 

About the Author:

My name is Adam. I'm the founder of Your Income Advisor. My goal is to help others succeed online, by exposing scams and reviewing top rated products. I can help you start your own business online

Comments (26)

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  1. Jay says:

    KARATBARS KARATGOLD KCB KBC ICO COINS SCAM REVIEWS!

    Don’t BUY or PROMOT Karatbars or Karatgold ICO because karatbars is misleading and they mislead me.

    Below are my experiences.

    If you buy into it, you will end up in the same situation I am in right now. Keep away from karatbars.com and karatbars international.

    I purchased karatbars ICO in April 2018(this is July 2019) and karatbars support told me that my karatbars ICO is missing.

    Can you imagine that? Missing ICO?

    I have a first hand experience of this. I purchased Karatbars ICO in April 2018(over One year today).

    I do not have access to it because karatbars support told me the coins are missing.

    I have asked them how can it GO missing when it has already been paid for? They never had any answer.

    Since 2018, I have emailed support@karatbars.com, help@karatbars.com, support@karatbank.io, support@karatpay.net, support@karatgold.io, mail@karatbank.io, support@karatbank.info, info@karatbank.sg for my missing ICO purchase. None of them seem to know where my purchase is.

    I have replies from Alexandru Mocanu (Karatbars) , Andrei Paraschiv (Karatbars) , Cristian Golumbovici (Karatbars) , Robert Szirovicza (Karatpay) , Irina (Karatbit Exchange) , Rutchel Garcia Help , Laura Nieto , Farida Akhounzada Help , Praneem Subba Help , Nelli Toboc , but the issue is that the purchased ICO coins are still missing since 2018, so the support tells me.

    I have also called their numbers +49 (0) 711 25 266 091, +49 (0) 711 128 970 00.

    They told me that the coins I purchased in 2018 are missing.

    This is shocking for a supposed to be a multi-million dollar compamy. They can’t manage people’s $100, $200, $1000 or whatever amount of ICO coins you purchased.

    As of today 02 July 2019, I am still trying to get hold of somebody from karatbars network to tell me where my KBC ICO purchase is. Nobody seems to know.

    Karatbars is not a very good company to do business with. They are scam. You must avoid them by all means. They tell you to buy Karatbars ICO. It is a SCAM.

    After you give them your money, you do not and cannot have access to your coins because I don’t have access to mine because they are missing. This is my situation right now.

    How can that be possible? To me, they are a bunch of scammers. Forward this to Harald Seiz if you know him, see him or have his email address.

    I will keep you posted on my Karatbars Karatgold ICO purchase SCAM.

    • Rufat says:

      Thank you very much for your comment Jay. It’s bad to hear your such a negative experience with the program. But it’s very good for others to learn from your experience. Because some people left comments here that made a lot of money with Karatbars and even blamed me for my negative review. I’ve always known that companies like this come and go very fast. Your experience is a good proof that my review is not far from the truth.

    • Jason says:

      Dont believe the negative comments, when a company becomes as big as Karatbars there are always detractors. The fellow who commented below, “Jay”, has missing coins but has not mentioned that this is because some coins were stolen from Karatbars. Please Google Marvin Steinberg. He basically helps develop ICOs and Herald Seiz originally partnered with him to create the KBC coi. Marvin Steinberg ended up stealing the coins, and has been responsible for frauding countless private investors. Karatbars is actually responsible for Steinberg getting busted. Steinberg also appears to be the person behind the smear campaigns against Karatbars as he has hired people from Russia to spread fake news

    • Adam says:

      Maybe. I don’t know. I’m not sure if everyone writing a negative comment steals money. That would be too generalized opinion about Karatbars. I son’t want to go further into any details about the company. My review is my personal opinion. Whoever wants to join Kartabars is free to do so.

  2. Nick says:

    You really should do better RESEARCH!!!! 70 complaints &600,000 affiliates…… 🤔 You have to DREAM BIGGER TO BE A PART OF SOMETHING THIS GREAT

    • Rufat says:

      I already did my research and you can see the results in my review. How do you know there are only 70 complaints? I think there are way more. It’s not so important how many complaints. More important is the nature of complaints. Those that I’ve found are serious enough.

  3. Joseph says:

    Thanks rufat for the review.. You just saved my ass from this MLMs scheme. After the seminar held in my place yesterday, I planned paying into the scheme today. But after going through your review, I guess it’s a haltbfor me.. I’d rather buy Gold at market price than going through karatbars

    • Rufat says:

      Joseph, it’s your decision. Some people here leave comments saying they are making money with Karatbars while others lose their money. It’s a big question who can succeed with this programs and who can’t. I believe unless you have a lot of free money to invest here it’s better to do affiliate marketing instead. There is no such a risk in AF while in Karatbars you can make money and you can lose too.

  4. Jose Segura says:

    This review is pure clickbait to attract traffic from successful companies for their gain and to turn that traffic to their main intention of selling their idea instead . Review is out of date and does not mention that Karatbars pays you in gold so gold is free and does not tell you that you cannot buy gold in grams at half the price , also it does not say the fees and shipping or storage costs that have to added to the spot price.
    Lastly karat bars has now advanced into their own goldbacked licensed digital currency, supported by their own exchange, mainet, ATMs, latest voice-over blockchain smartphone, own payment system. The opportunity to invest is huge and the affiliate program is by choice and creates passive income when applied and it does not work in a illegal manner as suggested. For access to facts go to http://www.karatbars.com/thegoldenone18

    • Rufat says:

      Hello Jose,

      First of all, there are hundreds of programs online like Karatbars and there are hundreds of reviews on my website. I can’t update every review that I have. But the idea is not much different. I think you forgot to mention about negative reviews and complaints before adding your comment. What to do with those complaints? When it comes to Karatbars, I didn’t say it was a scam. Instead I told anyone could give it a try if they want. I didn’t say it was a scam. You feel the difference? BTW, your link is dead. My review is my position and anyone including you can agree or disagree.

    • David Cook says:

      I have to agree with Jose. I have been involved with the company for around 8 months now. There gold is not over priced. There are companies out there that offer gold at a low price but you have to spend a large amount of money with them to get that low price. Karatbars gives you the option to own physical gold in 1 gram, 2.5 grams ect.
      There price for 1 gram of cash gold is 44 euros, and you even get a 3% discount on top of that too.
      Regarding receiving Free gold this has happened to me twice and I have received over 17 grams free.
      Yes I was sceptical when I joined because I am no internet marketer with a big list of people to show this opportunity too.

      But I bit the bullet and joined 8 months down the line I have made over 30,000 euro in commission and have saved over 40 grams of gold, which I have had delivered and hold.

      I have been paid my commissions every Friday and this has never been missed.
      So i can say I am very happy with this company. But I also understand people have different views on this company.

      But if you have not created your FREE gold account and had a look round the back office and seen all the information in there I feel it is wrong just to go off what other people have said.

      You can create a free account and get all the facts go here growyourgold.club or just message me.

      Like I said 8 months with this company and no complaints here.

    • Rufat says:

      David, if you are doing alright with Karatbars it’s great. First of all, not everyone has money to invest in this business. Second, everyone gets different results. You are happy, it’s great, but there are many other that are not happy. If you are making a lot of money with Karatbars you can build your own website and get even more customers. I wish you success in your business.

      P.S. Remember, I promote affiliate marketing on my website which is totally legit opportunity. Programs like Karatbars, Empower Network, Digital Altitude come and go. FYI Digital ALtitude and Empower Network both were shut down by FTC due to their illegal activity though they had members that were making a solid income. But the main issue with all those program is that most people fail in those businesses.

  5. Michael says:

    Thanks for this review. I probably would of joined this program, but after reading your review it’s good to know why not too.

    It seems this company is selling their gold for double the price, plus with an mlm business model makes it even more unattractive for me.

    I’ll stick to creating a business and investing my money into better things like land.

    • Rufat says:

      It’s really super unattractive like you say. Selling overpriced gold doesn’t make any sense at all in my opinion. Just ask yourself: why would you buy something you can’t sell to others? If someone can buy a gold elsewhere for $36 why would they pay $62 to you if you decide to become a Karatbars promoter? Plus there are warnings and complaints against the program which makes it even more unattractive. Like you say, there are many other ways to invest your money in other businesses that make more sense than Karatbars International. With Karatbars you are definitely going to risk your money.

  6. fernglow says:

    Hi Rufat, I’ve heard of this product Karatbar international on an ad online and I was really interested in it as gold like you said is a precious and constantly appreciating commodity. However, after reading your review, I think I’ll just stay away from this as although you claimed it’s not a scam, I still think it is because they oversell gold.

    • Rufat says:

      Yes, I believe joining Karatbars doesn’t make any sense. Why overpay for gold when you can buy it yourself for a much cheaper price? Even if you have money to invest in Karatbars you will be really struggling trying to sell overpriced products. And yes, it’s not a scam but not a good program in my humble opinion.

  7. Reyhana says:

    I know that people dealt in Gold but I never knew that there would be an opportunity online for that. I know that there is a big market for it but the people managing Karatbat are definitely not dealing with it the right way. I would also definitely be put off by the price! I mean, it is almost 100% more expensive that what you would normally pay. And how would you sell it afterwards? How can you make a good business income with that?

    The only conclusion that I can take from this is that when you buy the gold from them at the higher price, the people managing are the ones making the money (between the actual amount that it is worth and what you pay). Additionally, what is a business if you don’t have the freedom to quit whenever you want? I would be infuriated to have to go through my sponsor if I was scammed. That’s probably a strategy to try to convince me to stay.

    I will definitely stay away from this. Thank you for a great review!

    • Rufat says:

      I totally agree with you Reyhana. They sell their so called gold as they were selling it as a jewelry product but in fact it’s not a product. When selling a jewelry product normally it’s more expensive than a normal gold because it’s a jewelry. It can be with brilliant or without it. Anyway it’s more expensive because it’s a jewelry. When it comes to Karatbars it’s not a jewelry. It’s just a normal gold in the form of a plastic card that they try to sell you as a jewelry. This is wrong in my opinion. Because I’m sure most people will be struggling to sell it. Sponsor issue is terrible and it really annoys. I don’t think Karatbars is a good investment.

  8. pmbaluka2016 says:

    I commend you for such a great post you have written to inform the public about the dangers involved in dealing with Karatbars. I’m hearing about it for the first time and it doesn’t sound like a good opportunity at all.

    If I get any negative reviews or complaints about a product, it definitely puts on a red light in my mind. According to your review, I can see clearly that Karatbars has more Cons and only one Pro and that shows how dangerous this MLM program can be to clients.

    I like the option you have given and I wonder if it’s a verified program too? I wouldn’t like to be involved in a program that would eventually turn out to be another scam.

    With appreciations

    Paul.

    • Rufat says:

      Yes, it has too many cons and the worst one is that it tries to sell you overpriced gold. What else you need to turn away from the company? It doesn’t make any sense to buy it. The only hope is to find naive people that will buy it from you for the sake of high payouts. The question is: does it look reasonable to promote such a product. Regarding my recommended program, yes, it’s verified and totally legit. I’ve been a member since 2013. If you are willing to learn and take action you can achieve success with it. You don’t lose anything. Try it free and see how it works for you. I believe you will like it. Once you are inside I will welcome you and help you get started.

  9. Levon Tan says:

    Excellent research on Karatbars, just reading about the steps necessary itself looks like alot of work. Buying a certain amount of gold every few days? Spent hours on end harassing all my friends and family about Karatbars? And a sponsor as well as a few more other steps. Scam or not, I think it is a pain in the ass to do all of this above, be it a professional or an amateur.

    • Rufat says:

      That’s right Levon. Once you’ve become a part of mlm program you have to become annoying and pushy and promote products to all your friends. Otherwise you won’t be able to benefit from mlm compensation plan. But of course, like you say, it requires effort. Any business requires time and effort.The only serious issue with Karatbars is that you are forced to overpay for their products. I personally don’t want.

  10. Wheatstraw says:

    ye gads that’s some expensive gold…I’m calculating like 6-7 k per ounce? Maybe im smokin some funny stuff and made some sort of clerical malfunction somewhere along the way here… but anyway…I think they must charge extra for the right to overpay, that’s how the MLM works in this case, right? I think I’ll look for something that seems a little more legit. Thanks for the insight, mate!

    • Rufat says:

      They charge extra to get you the right to earn higher commission rate and this is how all mlm work. I think it’s a completely wrong approach to charge you more so you can earn more while the actual price of the product on the market is way less that what they force you to pay when you join their mlm program. That’s why many people consider mlm system a scam and I personally never recommend mlms.

  11. Furkan says:

    I also think that it is quite expensive and I just don’t have enough budget for it.
    Buying gold is meaningless. Also complaints just show that I should stay away from it. Thanks for the review and I also really think that people just should not do MLM programs since many people are aware of it.

    • Rufat says:

      You are right Furkan. I also believe buying gold at such a high price doesn’t make any sense at all. It does make sense only if you can recruit a huge team under you. But how can you do that if prices are way higher than market price? It doesn’t make any sense in my opinion. It doesn’t look like a serious business. It’s all about making money off people. That’s pretty much about Karatbars.

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