Samanburður
⚖️Fustle vs Payday — hvor hentar þér betur?
Payday er DIY bókhaldstól — þú gerir allt sjálf/ur. Fustle er done-for-you þjónusta — við sjáum um skatta, VSK, lífeyri og laun sjálfkrafa.
TL;DR
Payday kostar 2% (hám. 11.700 ISK/mán) og er DIY verkfæri — þú þarft að læra það og gera allt sjálf/ur. Fustle kostar 4,49% (hám. 16.900 ISK/mán) og er done-for-you — við sjáum um allt. Spurningin er: er tíminn þinn þess virði muninn?
Gera sjálfur/sjálf
- Monthly cost
- 0 ISK
- Time spent
- 8–12 h/month
- Risk of mistakes
- High
Endurskoðandi / bókari
- Monthly cost
- ≈ 30,000–80,000 ISK
- Time spent
- 4–8 h/month
- Risk of mistakes
- Medium
Fustle
- Monthly cost
- ≤ 16,900 ISK/month
- Time spent
- 0 h
- Risk of mistakes
- Low ✅
Detailed comparison
| Feature | Payday.is | Fustle |
|---|---|---|
| Model | DIY tool — you do everything | Done-for-you service |
| You create invoices | Yes, manually | Yes, simple form |
| Tax calculation | You do it | Automatic |
| Tax reporting to Skatturinn | You do it | Automatic |
| VAT reports | You do it | Automatic |
| Pension payments | You do it | Automatic |
| Same-day payout | No | Yes |
| Need to learn the system | Yes (courses 10–35k ISK) | No |
| Price | 2% max 11,700 ISK/month | 4.49% max 16,900 ISK/month |
| Best for | People who want control | People who want zero hassle |
Who is it for?
Choose the right solution
When Payday makes sense
- ✕Want full control and to understand where every ISK goes
- ✕Are willing to spend 8–12 hours/month on bookkeeping
- ✕Have employees or a more complex business structure
- ✕Need detailed financial reports (income statement, balance sheet)
- ✕Run an ehf. and need full bookkeeping
When Fustle makes sense
- ✓Are a solo contractor who wants zero admin
- ✓Want to get paid the same day your client approves the invoice
- ✓Want taxes, VAT, and pension paid automatically
- ✓Are a new contractor who does not want to learn bookkeeping
- ✓Value your time more than the price difference
The hidden cost
The price of doing everything yourself
Time cost
8–12 h/month on bookkeeping, tax filing, and VAT reports. At 6,000 ISK/h = 48,000–72,000 ISK monthly time loss.
Training costs
Payday courses cost 10,000–35,000 ISK to learn the system. Hours spent on setup and learning.
Risk of mistakes
One missed VAT report = 5,000 ISK penalty. Late tax payment = 1%/day surcharge. Wrong calculated remuneration = back taxes.
Frequently asked questions
Is Payday cheaper than Fustle?
On paper yes (2% vs 4.49%), but when you add your time (8–12 h/month) and training costs, Fustle is often cheaper overall.
Can I switch from Payday to Fustle?
Yes. Sign up for free, create your first invoice, and we handle the rest. No lock-in either way.
Ready to try Fustle?
Sign up for free and try the service. No lock-in. We handle taxes, VAT, and pension — you focus on your work.
Sign up for free