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Local and Alternative Payment Methods in Iceland
Population
382,003
Currency
Icelandic Króna
Iceland, with a population of around 370,000 people, is a growing e-commerce market. The currency is the Icelandic Króna (ISK), and the main language is Icelandic.
The e-commerce and online payment sectors are developing rapidly. For online merchants, using local payment methods is key to boosting sales. Familiar payment options make customers more likely to complete purchases, reducing cart abandonment, building trust, and enhancing security.
Benefits of Local Payment Methods:
- Increase sales
- Reduce cart abandonment
- Enhance customer satisfaction
- Build customer loyalty
- Gain trust and stand out in the market
Offering local payment options connects you with potential customers in Iceland and drives growth.
Iceland
Popular payment methods
Visa
Cards
Widely accepted credit card offering secure payments, rewards, and global access. Ideal for everyday purchases, travel, and online shopping.
American Express AMEX
Cards
A premium payment method offering secure, global transactions with rewards, benefits, and customer protection for both online and in-store purchases.
Google Pay
Wallet
A fast, secure mobile wallet for contactless payments, online purchases, and money transfers, linked to your cards and accounts for seamless transactions.
Apple Pay
Wallet
A secure, contactless payment method using your Apple Wallet for instant in-store, online, and in-app transactions, linked to your cards and accounts.
ALLSECURE GLOBAL
Cards
ALLSECURE GLOBAL provides secure, scalable payment solutions, enabling businesses to process online and in-store transactions worldwide with advanced fraud protection.
Mastercard
Cards
Mastercard: A global payments company offering secure, fast, and convenient payment solutions for individuals and businesses worldwide.