It's a known fact that free merchant accounts do not exist. Those who think otherwise are sadly mistaken. Most e-commerce businesses sign up for a free merchant North American Bancard ISO account, without bothering to read the fine print on the agreement when they sign up. Merchants who sign up without bothering to perform any proper search or reading the fine prints on the agreement forms end up making some grave mistakes for their online business.
Merchants tend to easily get lured into the trap of a free merchant accounts, forgetting that nothing is free! Merchants make the mistake of thinking that free merchant accounts do exist and that they would not have to pay a dime. What they forget are the various fees that they would have to pay eventually once they start processing.
Online businesses jump at the free merchant account offers and sign up immediately. They do not realize that merchant account services cannot be free. Especially when you are getting so many benefits like payment processing and worldwide services, what makes you think that your merchant account will be free?
