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Send invoices and get paid fast with FreelancePay.

FreelancePay is Wolt's trusted payment partner in Iceland. No company? No problem. Create invoices in seconds and get paid straight to your account. It's fast, free to join, and made for freelancing.

Everything you need to run your freelance business

Instant Invoicing & Payouts

Turn every gig into a payslip - get cash in your bank on the next day when your customer pays!

Auto-Compliance Built-In

We help you with applying for a VAT number and signing up for the employer's registry. We calculate and pay your taxes, pension, and social security fees.

Real-Time Earnings Dashboard

See today's income, expenses, and tax set-asides at a glance- updated every invoice sent and salary paid.

Estimate Your Net Income

Quickly see how much you could take home after taxes and expenses.

Monthly Income (ISK)

Est. Net Income

ISK 490,000 (Example)

Simple, pay-as-you-go pricing

Service fee: 4.49% + VSK

Max 16,900 ISK per month + VAT

No monthly subscriptions. No hidden charges.

Pay only when you earn—and never more than 16,900 ISK in any month.

Latest News & Insights

What are the different tax brackets in Iceland?

11 July 2025

For the 2025 tax year, Iceland uses a progressive tax system with three brackets. See the thresholds and rates for each bracket.

FreelancePay Advances in Slipptakan 2025

2 June 2025

We have secured a place among the 18 projects continuing in Slipptakan 2025, an entrepreneurial fast-track program. Read more about the teams on the Viðskiptablaðið website.

FreelancePay 2.0 Has Landed—New Look, Faster Payouts, Mobile App on the Way

1 May 2025

Say hello to FreelancePay 2.0: fresh site, lightning payouts, and a sneak peek at our upcoming iOS & Android app. See what's new and how to join the beta.