Karatbars World is Growing Faster! The Financial Crisis Explained and How To Move Towards a More Secure Financial Future for You and Your Loved Ones.

              
This summer Karatbars International GmbH will proudly present some innovative updates and improvements in our systems. As mentioned before the issue of security is a MAJOR topic within the industry and Karatbars have made it their mission to steadily set new standards.

Be prepared – there are more exciting announcements to come for the second half of the year!

The financial crisis explained 

The recent news all points to nervousness within government and financial institutions. There are a few options left still available to them, but none of these bode well for the general public. Karatbars International has been super successful in it's careful expansion, developing alliances with the Vatican, Real Madrid football team and a large host of other charities and organisations looking for clear simple ways to move away from the uncertainty of regular banking to becoming smart money movers who are hedging themselves first.
At the very least, if you send people here to do some due diligence you can say you tried.
The system is simple and anyone over 18yo may qualify for an account.
The next link https://www.youtube.com/watch?v=7SktQX04Gwk
 is an introduction to the company and the system by consultant, Brian Mcginty.
Open your account (if you haven't done so already, and you require personal assistance go here: http://karatbars.com/landing/?s=superaffiliates), and refer people to this link. It is an hour long! It has to be this long to explain clearly and concisely what Karatbars International is and IS NOT. At the end he encourages people to get back to the person who sent them to the video, so you will need you affiliate or sponsor name. You can send them here: https://www.youtube.com/watch?v=7SktQX04Gwk


Open shop system

Customers can now directly purchase via our Karatbars website without any sponsor information.
Our system automatically searches for a sponsor near the customer depending on their location and assigns the customer to a qualified sponsor.
A "qualified sponsor" must be an active affiliate with a KYC approved account and must have earned at least € 15 in commissions in the past 3 months.

With this new feature we ensure that no customer is lost. New affiliates must continue to have a sponsor directly.

Karatbars believes this change is necessary due to our growing range of sports, charity, and sponsored branding cards.

New Company Registration Requirements

Management recently decided on acceptable business forms for company registrations, as it clearly needs to be a separate legal entity from a private individual.
This can be a registered form of business that is consistent with the country or state that you live in.
For example: in the U.S. and Canada these types of businesses are usually Limited Liability Companies (LLC), Limited Liability Partnerships (LLP), Incorporated (Inc. or Co.), etc.

 Some companies may use a Doing Business As (DBA) or Trade Name and this is acceptable AFTER a qualified company is registered.
One company regardless of number of DBAs or Trade names may be registered.

For the purposes of Karatbars International, a company is NOT a sole proprietorship or the DBA/Trade Name of an individual.
Please understand, our goal is not to make the company registration process a difficult task, but to preserve the integrity and safety of the accounts.
  When you have any further questions, please do not hesitate to contact us via support@karatbars.com.

Here are the requirements with immediate effect:

1. An ID with the matching name, a clear picture in colour and the DOB.
2. A Utility bill like a gas-, phone bill, etc. not older than 6 months that clearly states the Company name, address and a date. NO ENVELOPES, NO SCREENHOTS OR ONLINE BILLS.
3. Filed Articles of Incorporation, Articles of Organization, etc. (completed documents submitted to a State or Government). A Company submitted to Karatbars for approval MUST be in “Good standing”.
4. Evidence that the individual submitting the documents is authorized to contract and transact business on behalf of the Company.
5. EIN/VAT, etc. document.

PLEASE NOTE: Karatbars verifies information with various regulators but may require addition documents from the affiliate on a case by case basis.

IMPORTANT: The ID card, the utility bill and/or the company registration documents must be kept in separate files.

However, the company registration documents should be loaded as ONE PDF file so the documents may be considered as ONE package of information. This will speed up the approval process.

Karatbars Prepaid Mastercard activation

We integrated an additional security step for the Karatbars Prepaid Mastercard activation via our Karatbars back office.

Once the card is received, you must log into the back office, choose "Card Login" within the Commission section and type in the last 6 digits of the credit card number. (You do not login to PFS.) You may try to enter the digits 3 times and if the numbers to do not match the numbers in our system, the card will be blocked until validated by our staff. In this case you are advised to send an e-mail to debitcard@karatbars.com for staff review. (This email is ONLY for blocked card review and not for PFS card services.)

With a successful match, you will receive any pending commission due on the FIRST Friday following back office activation, meaning the previous security time buffer of 2 weeks before the first commission payout no longer applies.

Please note:
No monies will be transferred to the card until it is activated via the Karatbars back office. You must still activate your card with PFS and receive your PIN number from the telephone service.
This applies on all cards that were ordered after May, the 6th. In case you do not see the box then your card is already activated and/or ordered before May, the 6th.

Karatbars Prepaid Mastercard Transaction Limit

The limit of 10 transactions per credit card within a single month on the Karatbars website no longer applies to our own Karatbars Prepaid Mastercards. This also applies when you use the Karatbars Prepaid Mastercard in an account other than your own. The 10 same card transaction limit still applies to all OTHER credit or debit cards.

First package purchase

Finally we can announce that we will allow the first package purchase in an affiliate account without the usual KYC pre-approval status from now on.
What this means for you: You (when you have no package) or your referrals will be able to purchase the first package in an account without uploading the KYCs documents first!
The procedure will be the following:
1. You can find our packages in the Product Purchase section.

•    Choose your desired package, click on View Cart and let our system take you through the payment process.
•    In the checkout page please choose your payment option.
•    After choosing your payment option, you will be asked to double check and confirm your address in a pop up window.
•    When your address is correct, please click confirm.
•    When your address is incorrect, you will be able to adjust it in the fields below.
•    Once corrected, please click confirm.
•    Now you will be able to finish your Credit Card or Bank wire payment.
Please note that any change to your address in the pop up window will automatically be saved in your profile, just as if you updated the address for your account in our system.
2. After successfully placing the first purchase, you will be asked to upload the KYCs every time you log into the back office until the upload of your KYC documents is completed.
3. Please note: as long as you have not uploaded the KYC documents and UNTIL THEY ARE APPROVED, you will not be able to use any other function in the back office. (No Dual Team Controls, no reports, no downloads, ONLY UPLOAD KYCs) Also, commissions will be held pending and no commissions will be paid out.
Only after the approval of the KYCs you will be able to use your back office again to its full extent.
We are happy to be able to offer you this easier start-up version and wish you a lot of success with Karatbars!


Your Karatbars Team
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