I spent some time and made a clickless true bypass system like the others discussed here. I use it in my pedals and don't expect to sell it commercially like Jack. But if you want a few, let me know and we can work a deal. Cheapest is to buy the pic, you make the board and circuit. Next is to buy the pic and my board and you assemble with your parts. Most expensive is the assembled full kit. It works very nicely in churches which is where I play most. My system also mutes the effect while switching so any high-gain pedals don't "pop" anymore (and you don't hear "Pop, pop, pop" when you delay is on). Search you tube for DC Pedals to see/hear it. Even my compressor switches silently while cranking riffs through it.
There is also a CMOS TTL chip version available in this forum (use the search). You have that option too, but it is a little larger than the pic solution.
There is also a CMOS TTL chip version available in this forum (use the search). You have that option too, but it is a little larger than the pic solution.