Structure Payments
High-risk credit card processor for merchants in industries like nutraceuticals, firearms, vape, and CBD.
Last updated September 2, 2026
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Overview
Structure Payments is a high-risk credit card processor founded in 2023 by Patrick Felsted and Truman Child. The company focuses on underwriting merchants that other processors decline, including those in nutraceuticals, firearms, vape, travel, subscriptions, CBD, and credit repair. It claims to work with ~30 banks and processing institutions, offers ~48-hour approval, and provides chargeback tools.
History
Structure Payments was founded in 2023 by Patrick Felsted and Truman Child, two executives with three decades each of building companies and deep, hands-on experience in high-risk credit card processing. The company was built to focus on merchants in high-risk industries that other processors turn down.
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