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Karma Review At a Glance
- We believe Karma is legit. We gave it a trust rating of 5/5. View reasoning.
- Based on our combined research and user reviews, Karma seems to be an okay earning/saving opportunity for Members. It has an overall earner score of 3.3/5. View our research or read the user reviews.
What Is Karma?
Karma is a smart shopping rewards platform where members can earn cashback, get notifications for products (incl. price drops and restocks), find coupons automatically, and more. Founded in 2014, the platform claims to have saved its member over $200M.
General Details ๐
| Status: | Active, Legit |
|---|---|
| Helps You: | Make Money Save Money |
| Platform Type: | Rewards |
| Opportunities: | Cashback Online Shopping Savings Price Drop Savings Promo Code Savings Sweepstakes |
Contact Info โ๏ธโโ
| Socials: | LinkedIn โข Facebook โข Instagram โข YouTube โข TikTok |
|---|---|
| Emails: | support@karmanow.com (for support-related issues) โข partnerships@karmanow.com (for ads and partnerships inquiries) โข karma.cvs@applynow.io (for applying to job opportunities) โข press@karmanow.com (for PR-related concerns) โข hello@karmanow.com (for general chat) |
| Support Pages: | Knowledge Base |
Company Details ๐ขโโโ
| Founded: | 2014 |
|---|---|
| Legal Name: | Karma Shopping Ltd. |
| Also Known As: | Karma Now, Karma Shop, Karma Shopping, Shoptagr Ltd. (former) |
| Founders: | Jonathan Friedman โข Ronen Yuval - Hoch |
| Headquarters: | Tel Aviv, Tel Aviv, Israel |
Who Is Karma For?
Karma is for those who often shop online that are looking for ways to save money, optimize their shopping, and get cashback on their purchases.
Requirements ๐
| Minimum Age: | 18 years old |
|---|---|
| Supported Locations: | Worldwide |
| Supported Languages: | Deutsch, English, Espaรฑol, Franรงais, Italiano |
| Supported Devices: | Android Phone, Android Tablet, Computer Browser, iPad, iPhone |
How Does Karma Work?
There's 1 type of user on Karma:
- Members
Here's how Karma works for them:
How Karma Works For Members
Karma Shop members can earn cashback by shopping online. The platform also features price drop alerts, restock alerts, price comparisons, and promo codes for additional savings. After accumulating $30, Karma Cash can be redeemed for actual cash via PayPal.
Key Points ๐
| Work Type: | Casual |
|---|---|
| Income Type: | Semi-Passive Karma's cashback earnings can be considered semi-passive if you either use the browser extension or get in the habit of shopping through the platform for cashback. |
| Work Schedule: | Flexible Karma Cash will expire if you fail to redeem it within 12 months from the date it was added to your account. |
| Workplace: | Remote |
| Minimum Payout: | $30 |
| Payout Options: | PayPal |
| Payout Speed: | 90-100 days Karma Cash may be withdrawn 90 days from the date of purchase, so long as the item(s) are not returned or exchanged. Payouts can then take up to 10 business days to process. |
| Sign Up Bonus: | $5 + another $5 after you make your first qualifying purchase. Sign up here. |
| Other Notes: | You can only store a maximum amount of $75 in your account. Karma may request for proof of a qualifying purchase, so best to keep the receipts. Failure to show the receipt requested can invalidate any rewards. |
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| Cons: |
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| Tips: |
Pros, cons, and tips are based on real Karma Member reviews. |
Getting Started ๐ข
Becoming a Karma member is free. To get started, head over to the platform's website or download the app and create an account. You can sign up via Google, Apple, or Facebook, or you can sign up via email.
Sign up bonus: $5 + another $5 after you make your first qualifying purchase. Sign up here.
Earning and Saving Money ๐ต
The primary way to earn/save money with Karma is by shopping online. By shopping through the platform at partnered stores, you'll earn cashback automatically.
Karma can also help you save money with:
- Wishlists. Save your favorite items from over 100K+ stores worldwide by creating a wishlist. You can make as many as you want and share them with friends.
- Price drop and restock alerts. After adding items to one of your Karma wishlists, the platform will monitor and let you know when price drops or restocks happen on those items. You can also view an items price history at any time.
- Promo codes. When checking out, Karma automatically searches for and finds coupon codes to help you save. The browser extension will do this automatically, but you can also find coupon codes on the site or app.
- Deals. Instantly compare products from different retailers to get the best deal when shopping online. This feature is available via the browser extension's "Discover More Offers".
Occasionally, Karma will also run giveaways on their social media pages. Keep an eye out for those for the chance at some extra rewards.
Cashing Out ๐ฐ
Once you have at least $30 in your balance, you can cash out your Karma earnings via PayPal.
After cashing out, you can expect to receive your Karma payout in 90-100 days. (Karma Cash may be withdrawn 90 days from the date of purchase, so long as the item(s) are not returned or exchanged. Payouts can then take up to 10 business days to process.)
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Karma Videos and Images
Our Editorial Karma Review
Is Karma Legit?
We believe Karma is legit. It was founded in 2014, is owned and operated by Karma Shopping Ltd. (an Israel-based company), and has raised a total of $33.9M in venture funding. We couldn't find any red flags suggesting that Karma could be a scam.
Green flags:
- Founded in 2014.
- Owned and operated by Karma Shopping Ltd., a company that provides an AI shopping assistant and shopping network. Based in Tel Aviv, Tel Aviv, Israel.
- Has raised a total of $33.9M in venture funding.
- Funded by 7 investors, with MoreTech Ventures and NFX as the most recent investors.
- The platform is secure. Karma doesn't sell user data and it uses bank-level security (256-bit encryption).
- Has an active social media presence.
- Has overall good feedback based on their Apple App Store and Google Play Store ratings and reviews.
- Has a well-designed website with transparent information.
Note: All research is done independently and could be wrong or change as new information is gathered. Please do your own due diligence.
Is Karma Worth It for Members? Is It a Good Way to Make Money?
Our editorial earner review is currently incomplete. Showing what we have so far...
Karma Statistics
General Platform Statistics
#16,334
Global Site Rank
5.3M
Avg. Monthly Website Visitors
500K+
Total App Downloads
4M+
Total # of Members
1M+
Total # of Transactions Made
100K+
Total # of Stores Supported Worldwide
$275M+
Total Money Saved
Data as of July 10, 2023 โข Sources: Similarweb, AppBrain, Crunchbase, Karma
Karma Reviews From Members
Average Scores
Reviewer Recommendation
๐ 100%Rating Breakdown
the save feature is awesome so I wish Honey had that feature
It's a good cashback/discount giving app that helps you compile the things you want to get
It's ability to just save items and categorize them so it's perfect for fits and sets of pc parts
just that there isn't a lot of discounts. earning up can be slow
just use this instead of honey if you are more into buying multiple items at once
