How Much of the Transaction Amount Do I Receive When I Split a Payment?

When you split a payment, the transaction is divided into four parts. You pay the first portion immediately and receive a loan for the remaining amount.

Example: Let’s say you purchase a dazzling flamingo decor piece for 100,000 ISK and decide to split the transaction. You pay 25,000 ISK upfront and receive a loan for the remaining 75,000 ISK. The loan is then repaid in three payments, with each payment made on the first business day of the next three months.