Europe · Northern Europe

Payments in Iceland

8 payment providers operate in Iceland, alongside 11 local and regional payment methods. The most widely supported method here is Mastercard.

8 providers11 payment methods24 currenciesIS / ISL

Payment providers in Iceland

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Name	Type	Categories	Methods	Countries
PayPal PayPal is a global digital payments platform supporting 200+ markets and 25+ currencies, offering card payments, digital wallets, BNPL, A2A transactions, and merchant checkout integrations.	PSP + Method	ACH BNPL+7	9	187
MuchBetter MuchBetter is a global payment solution that offers fast, secure, and cost-effective payment methods for both consumers and businesses.	PSP + Method	Bank Transfer Card Issuance+8	34	121
Nuvei Montreal-based processor offering card acquiring in 52 markets, 720+ local payment methods, payouts and crypto ramps; owned by Advent International and in the process of buying Payoneer.	PSP	ACH BNPL+16	164	73
Adyen Amsterdam-based acquirer with its own EU banking licence, local acquiring in 14 regions and a public price list: a fixed £0.11/€0.11 fee plus interchange++ and 0.60% on cards.	PSP	Card Issuance Cards+7	104	57
Mifinity Mifinity is a secure global payment service provider and wallet enabling merchants to accept digital wallets, bank transfers, and card payments with high conversion rates.	PSP + Method	Bank Transfer Cards+3	11	52
Neteller Neteller, part of the Paysafe Group, is a globally trusted digital wallet and payment gateway built for fast, secure, and borderless online transactions.	PSP + Method	Bank Transfer Cards+2	34	48
Skrill Skrill, part of the Paysafe Group, is a global digital wallet and online payment platform designed for fast, secure, and low-friction transactions.	PSP + Method	Bank Transfer Cards+3	34	48
Paysafe NYSE-listed group behind Skrill, NETELLER and paysafecard that also provides card processing for merchants, with a strong focus on regulated iGaming.	PSP	ACH Bank Transfer+10	48	46

Payment methods available in Iceland

Local wallets, bank transfers, cards and cash methods.

Name	Type	Categories	Methods	Countries
SEPA SEPA (Single Euro Payments Area) is a payment integration initiative that enables secure, fast, and cost-effective euro-denominated bank transfers within European countries.	Method	ATM Bank Transfer+2	—	41
SEPA Direct Debit SEPA Direct Debit is a European payment method that allows businesses to collect recurring payments from customers across the Eurozone directly from their bank accounts.	Method	Bank Transfer	—	41
SEPA Instant SEPA Instant is a real-time payment system that allows users to make instant bank transfers within the Single Euro Payments Area (SEPA).	Method	Bank Transfer	—	41
WeChat Pay WeChat Pay is a major Chinese digital wallet embedded within the WeChat super app, owned by Tencent.	Method	Remittance Wallet	2	46
Neteller Neteller, part of the Paysafe Group, is a globally trusted digital wallet and payment gateway built for fast, secure, and borderless online transactions.	PSP + Method	Bank Transfer Cards+2	34	48
PaySafe Cash PaySafe Cash is a secure, prepaid payment solution that allows users to make online purchases using cash.	Method	Cash	—	48
Paysafecard Paysafecard is a prepaid online payment method that allows users to make secure payments without the need for a bank account or credit card.	Method	Voucher	—	48
Skrill Skrill, part of the Paysafe Group, is a global digital wallet and online payment platform designed for fast, secure, and low-friction transactions.	PSP + Method	Bank Transfer Cards+3	34	48
Mifinity Mifinity is a secure global payment service provider and wallet enabling merchants to accept digital wallets, bank transfers, and card payments with high conversion rates.	PSP + Method	Bank Transfer Cards+3	11	52
MuchBetter MuchBetter is a global payment solution that offers fast, secure, and cost-effective payment methods for both consumers and businesses.	PSP + Method	Bank Transfer Card Issuance+8	34	121
PayPal PayPal is a global digital payments platform supporting 200+ markets and 25+ currencies, offering card payments, digital wallets, BNPL, A2A transactions, and merchant checkout integrations.	PSP + Method	ACH BNPL+7	9	187