About Structure Payments

Two payments veterans, one problem worth solving.

Structure Payments was founded in 2023 by Patrick Felsted and Truman Child, two executives with three decades each of building companies and getting merchants approved. We exist for the businesses everyone else turns down.

  • ~30
    banks and processing institutions
  • Same day
    access to collected funds
  • ~48 hrs
    from application to processing
  • 24/7
    real people, not a call center

Why we started Structure Payments

For years we owned and worked in a range of businesses, and we kept hitting the same wall. A good customer would lose their credit card processing, and once they couldn't take payments they couldn't pay their bills. Then we'd lose them too. It happened to small shops and to companies doing serious volume, and it was almost never their fault.

That is what led to Zen Payments about twelve years ago. Truman built it into a real success in credit card processing, and along the way we pulled together the things that actually move a merchant account: direct relationships with Visa, Mastercard and Authorize.net, a call center, and underwriters who know how to get a difficult deal approved.

Structure Payments grew out of that. We kept meeting businesses in high-risk industries who simply had nowhere to turn, so we built Structure to focus on exactly those merchants and go looking for them. Same connections, same underwriting experience, pointed squarely at the businesses everyone else turns down.

“If you can't get a merchant account, your best chance is with us. We do everything possible to get it for you.”
Patrick Felsted, Co-Founder & CEO
The founders

Who is behind Structure Payments

Patrick Felsted, Co-Founder & CEO of Structure Payments

Patrick Felsted

Co-Founder & CEO

LinkedIn

A C-suite executive for 30 years in credit card processing, across small, medium and large businesses.

Patrick has spent three decades in credit card processing at the executive level, working with small, medium and large businesses alike. He has led multiple PCI DSS implementations and audits, and over his career has worked with close to 5,000 small companies that rely on card payments.

That work has spanned satellite TV and internet, home and business alarm systems, telecommunications, healthcare, first responders, commercial real estate, coaching and payment systems — and he has been involved with Zen Payments since it began.

Truman Child, Co-Founder & President of Structure Payments

Truman Child

Co-Founder & President

LinkedIn

A C-suite executive for over 30 years and the founder of Zen Payments.

Truman has more than 30 years of experience running companies at the executive level, and is the founder of Zen Payments. Over that time he has supported thousands of small businesses with the systems that keep them running.

His work spans payment systems, payroll, insurance, workers' compensation, cybersecurity and property management — a breadth that informs how Structure Payments underwrites and supports merchants other processors avoid.

  • 2023
    founded
  • 60+ yrs
    combined executive experience
  • ~5,000
    businesses served by our team
  • ~48 hrs
    typical approval

Talk to the team

Call (877) 781-1785 or email sales@structpayments.com. See the industries we underwrite to find yours.

Get approved

If you can't get a merchant account, your best chance is with us.

We do everything possible to get you approved, and most merchants are processing within about 48 hours. No obligation to see your real rate.

  • No application or setup fees
  • Declined elsewhere? Still worth applying
  • A dedicated rep, not a call center
Get approved today
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