Terrible Payment System

[SilvertearRen]

An interesting read that was. I think it's already been pointed out btw, but here it is again:

FSA Register - Click and Buy No Longer Registered

They are, however authorized with an E-Money account. Which does not afford you protection under the FSCS:

Oh wow, then this should be a good reason for Square Enix to immediately drop ClickandBuy...it really shows just how small-time CnB is, and ultimately how toxic it really is.

What are you waiting for, Bayohne? Pass this on to the Square Enix brass - it's important that you guys disentangle yourselves from ClickandBuy as soon as possible.

If there's no compensation for customer complaints or losses, then there's no protection for any losses Square Enix incurs from the current operations of ClickandBuy.

Meaning, what's stopping ClickandBuy from charging money on all of the credit cards they have accumulated up to now, taking all that money, shutting down, and skipping town?

So, there's a very scary thought. The entire foreign market for FFXI and FFXIV (theoretical) both easily outweigh the revenues Square Enix generates from their Japanese market. If all of that money were to suddenly evaporate because of CnB's mismanagement, well...Square wouldn't be able to get that money back because of international laws, and the fact that CnB isn't under any protections to ensure that the money would be reimbursed.

On top of that, the fact that they are only authorized with an e-money account with the FSA is indicative that they have VERY weak government/financial oversight, which makes the above scenario all the more likely.