Spend abroad with the mid-market exchange rate - no markups, and no sneaky transaction fees.
Each country has its own way of moving money, and choosing the right method can sometimes be difficult. That’s why we have curated the most popular and best payment options for you to use in Iceland.
Yes, PayPal is accepted in Iceland.
Wondering what the most popular ways to pay are in Iceland? Explore the top payment options and choose wisely.
Iceland, with a population of around 391 thousand people, has a GDP of approximately 35.31 billion making it the 107th largest economy in the world. The official currency of Iceland is the Icelandic Króna (ISK)
The economy's main drivers are tourism, fishing, and aluminum smelting, powered by abundant renewable energy. Although not an EU member, it is part of the European Economic Area (EEA), which grants it access to the EU's single market.
Iceland is one of the most card-reliant societies in the world, where debit and credit cards are used for virtually all transactions, regardless of the amount. For paying bills and for online commerce, direct bank transfers are a standard method. Physical cash, the Króna, is rarely used, and many businesses, especially in the capital, do not accept cash at all.
Whatever you need to buy during your trip, whether it’s a travel adapter, train ticket or an extra bottle of sunscreen, the Wise Multi-Currency Card has you covered.
You can spend like a local in 150+ countries, as this clever contactless card automatically converts currency at the mid-market exchange rate whenever you spend - for just a small conversion fee.
And for extra convenience, you can add your Wise Multi-Currency Card to your Google Wallet or Apple Wallet. Then you can travel even lighter and pay using just your phone, with no need to pack the physical card.
Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.