ClickAndBuy

ClickAndBuy Review

With the world being as connected as it is these days with the Internet, e-commerce has become the norm for companies to be able to reach as many of their target audience as possible. An online presence has become essential for companies across the spectrum, from SME to huge multi-national companies. Indeed, more and more people are choosing to do financial transactions from the comfort of their own homes, from receiving payroll to purchasing goods and services, to paying bills.

Considering how many merchants are now doing business online, financial providers have rushed to fill that need to give a secure, easy, and quick method of performing online financial transactions. One of these companies was ClickAndBuy.

What is ClickAndBuy?

ClickAndBuy International Limited was an online payment service that was founded in Cologne in 1999 but eventually moved their company to London in 2006. In 2010, ClickAndBuy became a subsidiary of Deutsche Telecom. At its height of operations, ClickAndBuy had more than 10 million active users in Europe.

In December 2015, the company announced that it would cease operations by April 30, 2016, and it has since gone through with the company shut down. Today, ClickAndBuy International Limited is no longer in operations. It has also ceased other payment methods under the company name, including their ClickAndBuy Internet and their MyWallet Card payment systems.

How Does ClickAndBuy Work?

When ClickAndBuy was still operating as a company, they functioned as an electronic wallet that their customers would use with any merchants partnered with ClickAndBuy. After they opened and verified their account, they could then use it for all of their financial transactions across different merchants using only their ClickAndBuy username and account.

The funds deposited into a ClickAndBuy account would come from direct debit, credit card, or prepaid tax credits. There was a maximum spending limit per month for users, however, they charged the users a commitment fee if there were no financial transactions performed in an account within a year. In 2012, ClickAndBuy users were introduced into an app which allowed them to use their ClickAndBuy account more quickly and easily. It was available for both Apple and Android users.