Cherry vs ScratchPay

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

ScratchPay

Why This Matters

Practice Fees

✅ As low as 1.90% per transaction

❌ 5% per transaction for veterinary, 7% for dental/vision/medical

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

Approvals

✅ Up to $35,000

✅ Approves 2X more clients than ScratchPay

❌ Up to $10,000

❌ Approves half as many clients as Cherry

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

Loan Terms

✅ 6 weeks or 3 - 60 months

❌ 12 - 36 months

Offering clients 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.

0% APR

✅ True 0% APR

❌ Deferred Interest

Deferred interest means 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.

Cherry

ScratchPay

Why This Matters

Practice Fees

✅ As low as 1.90% per transaction

❌ 5% per transaction for veterinary, 7% for dental/vision/medical

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

Approvals

✅ Up to $35,000

✅ Approves 2X more clients than ScratchPay

❌ Up to $10,000

❌ Approves half as many clients as Cherry

❌ 12 - 36 months

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

Loan Terms

✅ 6 weeks or 3 - 60 months

Offering clients 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.

0% APR

✅ True 0% APR

❌ Deferred Interest

Practice Fees

Cherry

✅ As low as 1.90% per transaction

ScratchPay

❌ 5% per transaction for veterinary, 7% for dental/vision/medical

Why This Matters

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

Approvals

Cherry

✅ Up to $35,000

✅ Approves 2X more clients than ScratchPay

ScratchPay

❌ Up to $10,000

❌ Approves half as many clients as Cherry

Why This Matters

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

Loan Terms

Cherry

✅ 6 weeks or 3 - 60 months

ScratchPay

❌ 12 - 36 months

Why This Matters

Offering clients 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.