Payment Method Guide
Discover the diverse payment methods and options you can offer shoppers globally with Digital River.
Not all countries or territories may be represented. Some may not be available due to embargoes or other restrictions. For further information please contact us.
All Payment Methods for Iceland: Bank Transfer
Bank transfers are a popular, cost-efficient payment method leveraged around the world. They allow shoppers to make payments online directly from their bank account to a merchant’s bank account. Bank transfers are typically processed within 3 to 4 business days and are limited to bank accounts within the same country, with the exception of SEPA (Single Euro Payments Area) where shoppers are able to leverage bank transfers across countries in Europe. Most often bank transfer payments are used by shoppers to pay bills.
SEPA (Single Euro Payments Area) Direct Debit enables merchants to accept one-time or recurring payments transferred directly from a shoppers bank account. It is a key payment method for expanding into new markets across Europe.
Shopper chooses Direct Debit at checkout and proceeds to enter their bank account number, bank code, and bank name. The shopper then must agree to the SEPA Direct Debit Mandate terms by selecting ‘Continue’. Upon verifying their information and submitting the order, the shopper is directed to a ‘Thank You’ page with a confirmation for their order.Features
- Recurring Transactions