What’s Freebay and what does it have to do with your Karatbars account?
Please watch the well-laid out video below (by Bruce Hughes) and read FAQ to learn about all that.
Video explaining Freebay
FAQ on Freebay
Karatbars International GmbH stays in business. Your account will stay online.
Commissions from Karatbars will be proceeded from Karatbars as you are used to it.
Karatbars does not become Freebay! Freebay is a separate unique company in Switzerland.
Please find the following questions and answers regarding the transition phase:
What happens to my Gold in storage?
Your Gold storage from Karatbars stays in your back office at Karatbars which will always be accessible for you. You are able to either leave your Gold in storage or request delivery of your Gold at any time as in the past.
What if I do not transfer over to Freebay, but my downline does?
Do I still get paid on their production in the new compensation plan? No – to be paid on your downline at Freebay you have to register there and reach the necessary qualification as given in the compensation plan of Freebay.
When will I be able to transfer my CashGold, Classic gold cards, QR codes, BUNV to V999?
After the prelaunch phase of Freebay you can transfer the said goods to LifeCards at Freebay. There you will have the option as announced by Freebay to convert it further.
What will happen with my existing status at Karatbars when I move to Freebay?
Freebay offers you an attractive solution. Please inform yourself about this in their presentations.
What will happen with my Premium and Premium professional pool and other exclusive pool payouts?
The owners of those pools will be informed personal by e-mail.
What will happen with the CEM´s?
The CEM in it´s old version will be history. We are preparing a new, updated, and smarter model of it. The already delivered CEM´s will be replaced with the new model and the ones which are still pending will receive the new one. The development time is estimated at 9 months. The new CEM´s will carry a new name and best of all, they will be the point of exchange for the upcoming V999 to a physical LifeCard. The very best, the owner of the CEM will receive a handling fee of 2.5% of the exchanged volume in Gold.
If you have any questions, please leave them below 🙂 (this way everyone can see the relevant questions and answers).