In an industry where many acquirers shun high-risk merchant accounts, Michael Foy seeks them out.

For the past 15 years, Foy has run International Merchant Processing Solutions, a company he set up in Belize for the sole purpose of providing processing services to the kinds of online merchants that most U.S. banks won’t touch. The businesses in his portfolio run the gamut from adult content and gaming sites to timeshare properties and nutritional supplements.

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