Cherry vs RepeatMD

Cherry

PatientFi

Why This Matters

Practice Fees

Lowest merchant processing fees in the industry, without relying on rebates or required minimums

Rebate is only for the fees, not the transaction amount

PatientFi's rebate is only for the fees, not the transaction amount, which means the rebate is much smaller than it sounds. Cherry's low rate is transparent and guaranteed upfront.

Approvals

More patients approved for higher amounts (up to $50,000), with approvals exclusive to your practice

Approvals a narrower range of credit profiles

Being able to approve more patients - and for higher amounts - means more revenue for your practice.

0% APR

True 0% APR.

No hidden fees such as deferred, retroactive or compounding interest.

Deferred interest

Deferred interest means that if the borrower is late or missed a single payment during the 0% promotional period, interest is retroactively charged from the start of the loan. The Consumer Financial Protection Bureau considers deferred interest to be predatory and anti-consumer.

User Data

Does not sell your data

Sells your data to credit unions

Borrowers receive unsolicated phone calls from credit unions. Who likes telemarketing?

Cherry

RepeatMD

Why This Matters

Practice Fees

✅ Practices save as much as 50% on merchant fees after switching to Cherry. Fees start at 1.70% per transaction.

❌ Fixed fee of 3.99% + $0.30 per transaction PLUS a monthly subscription fee in the hundreds of dollars (even if you have no transactions)

Lower merchant fees mean you keep more profit on every transaction.

Approval Amount

✅ Up to $50,000

❌ Up to $30,000

Higher approval amounts mean patients can afford more services with you.

Approval Rate

✅ ~90% with Cherry's 6-week, always interest-free plan

❌ 80%+

Approving more patients for financing helps increase treatment acceptance.

Loan Terms

✅ 6 weeks or 3 - 60 months

❌ 3 - 36 months

Offering patients a wider selection of payment plan options makes it easier for them to find one that works for their budget and move forward with treatment.

Cherry

RepeatMD

Why This Matters

Practice Fees

✅ Practices save as much as 50% on merchant fees after switching to Cherry. Fees start at 1.90% per transaction.

❌ Fixed fee of 3.99% + $0.30 per transaction PLUS a monthly subscription fee in the hundreds of dollars (even if you have no transactions)

Lower merchant fees mean you keep more profit on every transaction.

Approval Amount

✅ Up to $50,000

❌ Up to $30,000

❌ 80%+

Higher approval amounts mean patients can afford more services with you.

Approval Rate

✅ ~90% with Cherry's 6-week, always interest-free plan

Approving more patients for financing helps increase treatment acceptance.

Loan Terms

✅ 6 weeks or 3 - 60 months

❌ 3 - 36 months

Offering patients a wider selection of payment plan options makes it easier for them to find one that works for their budget and move forward with treatment.

Practice Fees

Cherry

✅ Practices save as much as 50% on merchant fees after switching to Cherry. Fees start at 1.90% per transaction.

RepeatMD

❌ Fixed fee of 3.99% + $0.30 per transaction PLUS a monthly subscription fee in the hundreds of dollars (even if you have no transactions)

Why This Matters

Lower merchant fees mean you keep more profit on every transaction.

Approval Amount

Cherry

✅ Up to $50,000

RepeatMD

❌ Up to $30,000

Why This Matters

Higher approval amounts mean patients can afford more services with you.

Approval Rate

Cherry

✅ ~90% with Cherry's 6-week, always interest-free plan

RepeatMD

❌ 80%+

Why This Matters

Approving more patients for financing helps increase treatment acceptance.

Loan Terms

Cherry

✅ 6 weeks or 3 - 60 months

RepeatMD

❌ 3 - 36 months

Why This Matters

Offering patients a wider selection of payment plan options makes it easier for them to find one that works for their budget and move forward with treatment.