References – Cherry Payment Plans

References for claims made on Cherry's webpages

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1: Antidote Aesthetics increased their Cherry revenue by 157% from their 30th day to 60th day. After 6 months with Cherry, they saw 30% higher approval rates than practices in the same region.

2: CNBC: “Increase conversion rate by up to 30% and average ticket size by up to 50%”

Buy Now, Pay Later Industry has seen an increase in conversion rate by up to 30% and an increase in average ticket size by up to 50%, results may differ with Cherry Payment Plans. To learn more about results with Cherry, see withcherry.com/case-studies

3: “75% approval rate” is based on Cherry’s Q1 2024 average approval rate. See https://withcherry.com/cherry-comparison/ for additional details.

4: “20-50% less expensive than traditional providers of patient financing” is based on the industry average.

5: 0% APR and other promotional rates subject to eligibility. Customer satisfaction score based on May 2023.

6: 4.8 out of 5 customer satisfaction score based on Cherry’s internal data from Q2 2023.

Dental

1: Ala Moana Dental increased their transaction volume by 3.4x, from $7,912 in their first 30 days to $27,192 in their most recent 30 days (July 2023). Their achieved a funding rate that is 33% higher than the national average.

2: CNBC: “Increase conversion rate by up to 30% and average ticket size by up to 50%”

3: “75% approval rate” is based on Cherry’s Q1 2024 average approval rate. See https://withcherry.com/cherry-comparison/ for additional details.

4: “20-50% less expensive than traditional providers of patient financing” is based on the industry average.

5: 0% APR and other promotional rates subject to eligibility. Customer satisfaction score based on May 2023.

6: 4.8 out of 5 customer satisfaction score based on Cherry’s internal data from Q2 2023.

Medical Aesthetics

1: Antidote Aesthetics increased their Cherry revenue by 157% from their 30th day to 60th day. After 6 months with Cherry, they saw 30% higher approval rates than practices in the same region.

2: CNBC: “Increase conversion rate by up to 30% and average ticket size by up to 50%”

3: “75% approval rate” is based on Cherry’s Q1 2024 average approval rate. See https://withcherry.com/cherry-comparison/ for additional details.

4: “20-50% less expensive than traditional providers of patient financing” is based on the industry average.

5: 0% APR and other promotional rates subject to eligibility. Customer satisfaction score based on May 2023.

6: 4.8 out of 5 customer satisfaction score based on Cherry’s internal data from Q2 2023.

7: Treatment costs are based on the following sources: microneedling, derma fillers, botox

Plastic Surgery

1: Basu Plastic Surgery generated over $500,000 with Cherry as of April 2023. Adding Cherry has significantly reduced the time for patient financing approval from 10 minutes to 1 minute, or by 90%.

2: CNBC: “Increase conversion rate by up to 30% and average ticket size by up to 50%”

3: “75% approval rate” is based on Cherry’s Q1 2024 average approval rate. See https://withcherry.com/cherry-comparison/ for additional details.

4: “20-50% less expensive than traditional providers of patient financing” is based on the industry average.

5: 0% APR and other promotional rates subject to eligibility. Customer satisfaction score based on May 2023.

6: 4.8 out of 5 customer satisfaction score based on Cherry’s internal data from Q2 2023.

Dermatology

1: Antidote Aesthetics increased their Cherry revenue by 157% from their 30th day to 60th day. After 6 months with Cherry, they saw 30% higher approval rates than practices in the same region.

2: CNBC: “Increase conversion rate by up to 30% and average ticket size by up to 50%”

3: “75% approval rate” is based on Cherry’s Q1 2024 average approval rate. See https://withcherry.com/cherry-comparison/ for additional details.

4: “20-50% less expensive than traditional providers of patient financing” is based on the industry average.

5: 0% APR and other promotional rates subject to eligibility. Customer satisfaction score based on May 2023.

6: 4.8 out of 5 customer satisfaction score based on Cherry’s internal data from Q2 2023.

7: Treatment costs are based on the following sources: derma fillers, dermabrasion, chemical peel.

Other Businesses

1: Texas Hair Restoration increase their revenue with Cherry by 55% in 2022. They increase their average ticket size with the help of Cherry from $4200 to $5900, which is over a 40% increase.

2: CNBC: “Increase conversion rate by up to 30% and average ticket size by up to 50%”

3: “75% approval rate” is based on Cherry’s Q1 2024 average approval rate. See https://withcherry.com/cherry-comparison/ for additional details.

4: “20-50% less expensive than traditional providers of patient financing” is based on the industry average.

5: 0% APR and other promotional rates subject to eligibility. Customer satisfaction score based on May 2023.

6: 4.8 out of 5 customer satisfaction score based on Cherry’s internal data from Q2 2023.

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1: 2024 Direct Mail – Medspa total treatment costs are based on the following sources: microneedling, derma fillers, botox

2: Cherry approves 66% more patients for financing: Cherry’s average approval rate in Q1 2024 is 75%, which is 66% higher than the industry average of 45%. See https://withcherry.com/cherry-comparison/ for additional details.