ClickandBuy announced that it will terminate its business as an online payment system, after more than 13 years in the market.
The company will no longer issue e-Money or provide online payment services as part of its closure. ClickandBuy’s decision to close down will take effect on April 30, 2016. From today until April 30, customers will still be able to use their ClickandBuy accounts to purchase from merchants affiliated with the company, or transfer their funds to their bank accounts. Starting January 5, 2016, customers will no longer be able to top up their ClickandBuy account or switch to any payment instrument to add funds to their balance.
For merchants with markets in Europe, an alternative payment method can be Paysafecard, or they can use local payment options like Sofort in Germany or iDeal in Netherlands. Meanwhile, those that cater to Brazil can use MercadoPago, PagSeguro or Boleto Bancario for online payments. For merchants that serve markets in Southeast Asia, they can rely on Cherry Credits or Mobiamo to accept online payments. You can find the full list of available payment methods here:
ClickandBuy has been in the market for more than a decade after being established in 1999. As it grew, it accepted 120 currencies, and became a common payment method for merchants and end-users. Though it is closing, there are alternatives that can be used for online payments. Paymentwall, a payment partner of ClickandBuy, can offer other payment methods for merchants and end-users as a global payments and content distribution platform.
ClickandBuy is closing its doors following the decision from Deutsche Telekom, the company that acquired it in 2010. The global telecommunications firm fully owns ClickandBuy, and decided to shut down the business after seeing the tough competition in the payments industry.
If you need more information, you can contact us at bizdev@paymentwall.com.