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Cherry vs ScratchPay

How does Cherry Payment Plans compare with ScratchPay?

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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
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.

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.

0% APR

Cherry

✅ True 0% APR

ScratchPay

❌ Deferred Interest

Why This Matters

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.

Most Loved Medical Payment Plan in America
"We've had clients really screwed over in the past (with CareCredit and ScratchPay) when the interest has been jacked up because they missed a payment. We have had no issues with Cherry whatsoever. It's easiest for my team to talk about Cherry because it is truly an option that's beneficial to the majority of our clients." - Honnas Veterinary
Payment options through Cherry Technologies, Inc. are issued by the following lending partners. 0% APR and other promotional rates subject to eligibility. 80%+ approval rate is based on Cherry’s Q1 2025 average approval rate and Pay in 4 enabled. Competitor comparison based on Cherry's internal market research in Q3 2025.