Selling from Iceland

Can you sell online from Iceland and get paid?

Yes. From Iceland you can sell digital products, courses, SaaS and services to buyers in 190+ countries, as an individual or a company, and get paid to your own bank in Iceland in EUR or USD, twice a month. Stripe does not accept sellers based in Iceland. To sell without your own Stripe account, you use a merchant of record: it is the seller on each sale and handles VAT and sales tax abroad. Which ones work from Iceland.

Also work from Iceland: Paddle, Lemon Squeezy, Polar, Creem, Dodo Payments, Gumroad. Do not: Stripe. See the table.

Reviewed by Panche Isajeski, founder of AgentaOS, 19+ years in payments, featured on Indie Hackers. Checked 6 October 2026 against our supported countries and each provider’s own page. General information, not financial, tax or legal advice.

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Asked locally

Money from abroad in Iceland

What sellers here ask about money from abroad.

Are there still capital controls in Iceland?

Iceland lifted the capital controls imposed after the 2008 crisis with effect from 14 March 2017. New foreign exchange rules exempted individuals and businesses from nearly all restrictions of the Foreign Exchange Act, fully liberalising the capital account for them. EFTA

What income tax rates apply in Iceland in 2026?

Combined state and municipal income tax for 2026 runs in three monthly brackets: 31.49% up to ISK 498,122, 37.99% up to ISK 1,398,450, and 46.29% above that. Self-employed people also pay social security and pension contributions. Skatturinn

General information, not tax or legal advice. Check with a local accountant.

Iceland at a glance

Selling from Iceland, in facts

Who can sell: Individuals and companies verification docs
How you get paid: To your own bank account in Iceland, by local bank transfer. supported countries
Payout currency: EUR or USD, to a EUR or USD account at your bank (a foreign currency account) payout docs
Payout days: The 1st and the 15th of each month payout docs
First payout: 14 days after each sale, from €50 or $50 payout docs
Fee per card sale: 4.5% + €0.50; international cards +1.5% pricing docs
Payout fee: 1% of the payout, at least €1 pricing docs
Local transfer cost: Very low: a local or SEPA transfer, passed through at cost and shown before you request a payout. supported countries
Tax on your sales: Charged, filed and paid by us as the seller tax docs
Your income tax: Yours to declare in Iceland. You get a statement and a self-billed invoice per payout. payout docs

What you receive

From a sale to your account

Example: one month, ten sales of €100.

Ten sales of €100	€1,000.00
AgentaOS fee: 4.5% + €0.50 per sale	−€50.00
Payout fee: 1%	−€9.50
Local or SEPA transfer	very low
Lands in your bank	about €940.50

Try your own numbers in the payout calculator →

International cards +1.5%. On Pro (€49 a month) every card sale is 4.0% + €0.40. EU buyers pay VAT on top, which we file.

Doing it yourself instead? Stripe with a company abroad costs about €6,000 in the first year at €2,000 a month, once you add the company, an accountant, tax filing and about 50 extra hours of your time. See the full comparison.

Your options

Who accepts sellers from Iceland

The usual names, checked one by one.

Provider	Sellers in Iceland?	What their own page says
AgentaOSMerchant of Record	Yes	Individuals and companies. Paid out twice a month. Supported countries
StripeCard payments, you are the seller	No	Not on the Stripe supported countries list. Stripe’s page
PayPalWallet and card payments	Yes	Local PayPal site offers request money and business payments. PayPal’s page
PaddleMerchant of Record	Yes	Not on the Paddle unsupported countries list. Paddle’s page
Lemon SqueezyMerchant of Record	Yes	On the bank payout list. Lemon Squeezy’s page
PolarMerchant of Record	Yes	On the Stripe Connect Express payout list. Polar’s page
CreemMerchant of Record	Yes	Supported with local bank payouts. Creem’s page
Dodo PaymentsMerchant of Record	Yes	On the accepted countries list. Dodo Payments’s page
GumroadMerchant of Record	Yes	Bank payouts in EUR. Gumroad’s page
WiseReceive money from clients	Yes	On the hold money list. Wise’s page

Checked on 6 October 2026 against each provider’s own country page. Providers change their lists; follow the source link before you decide.

Questions

Selling from Iceland: answers

Which merchant of record works in Iceland?

By their own country lists, checked 6 October 2026, Paddle, Lemon Squeezy, Polar, Creem, Dodo Payments, Gumroad and AgentaOS accept sellers in Iceland. They differ in how you get paid: compare the payout notes in the table above, where each row links to the provider’s own page.

Can I sell online from Iceland as an individual?

Yes. You can open an account as an individual or as a company. AgentaOS is the official seller of your product, so you do not need a company abroad.

How do I get paid in Iceland?

To your own bank account in Iceland, by local bank transfer. Payouts run on the 1st and the 15th of each month, in EUR or USD.

Do I need a EUR or USD account?

Yes. Payouts are paid in the same currency as your balance, EUR or USD, so you need a EUR or USD account at your bank (a foreign currency account). No currency conversion happens inside a payout.

Is Stripe available in Iceland?

No. Stripe does not open accounts for businesses based in Iceland, so sellers there use a Merchant of Record like AgentaOS, or open a company abroad. Stripe’s country list.