If you are looking out for Merchant accounts which are free and require no monthly or annual payments you will have to go through a 3rd party operator. You could be first refused by a bank if you have a free merchant account and don’t have enough to get your own merchant account services.
There are a few requirements which you must satisfy in order to obtain a good free merchant account.
1. A checking account with a very well known bank.
2. Valid IDs.
3. A valid business license.
4. Bank letters and Beneficiary name.