Iceland - Digital River - EN

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Iceland *

Accelerate your revenue with a new audience of customers throughout Iceland - without friction or complexity.

*The sale of certain products in this market may be subject to international export regulations. If you would like to learn more about selling into this market, lets chat.

Why Sell into Iceland?

Iceland, while culturally well known with a long and storied history, remains physically isolated with a small native population. The small geothermal island in the North Atlantic is isolated, but combined with a relatively strong GDP and economy, make it an interesting market for ecommerce merchants.

Ecommerce in Iceland is more of a necessity than novelty or convenience. Items not locally produced must be shipped. What used to be done through mail and the phone is now done through ecommerce. Icelanders are fond of platforms like AliExpress, and typically shop at European and American marketplaces that can guarantee the fastest shipment times.

Processing Currency
Available currencies will depend on the payment method provider, as well as any regulatory restrictions.

ISK

Available Product Categories
Digital River can support the sales of these types of products for this specific market.

Digital


Where can companies sell into Iceland from?


Popular payment types in Iceland

Online retailers offer secure online payment. VISA and MasterCard are widely accepted in Iceland. Apps that facilitate online payment are widely used among younger people, including AUR (https://aur.is/), Kass (www.kass.is/), and Netgiro (www.netgiro.is/). Credit card payment was the most popular payment method among Icelandic online shoppers in 2018, at 92%. Two percent of Icelanders used bank transfers and another two percent used prepaid cards.


Available payment types for Iceland
The list below represents the current categories of payment options Digital River supports for this market.


Payment methods for Iceland


Fulfillment details for Iceland

Cross-Border Fulfillment: Landed Cost is Available.

Calculation of duties and fees incurred when goods are shipped cross border.


In-Country Fulfillment: Not available

eCommerce facts and figures
$26B GDP 1M Total Population 97% Internet Usage

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