forframgreiðslukort
A forframgreiðslukort, which translates to "advance payment card" or "prepaid card" in English, is a type of payment card that must be loaded with funds before it can be used. Unlike credit cards, which allow users to borrow money, or debit cards, which are linked directly to a bank account, prepaid cards function on a pay-as-you-go basis.
These cards can be purchased with a set amount of money, and once the balance is depleted,
They are often used by individuals seeking to manage their spending more effectively, as the prepaid nature