How does Cherry Payment Plans compare with Sunbit?
✅ Practices save as much as 50% on merchant fees after switching to Cherry. Fee starts at 1.90% per transaction.
❌ High, fee starts at 4.70%
Lower merchant fees mean you keep more profit on every transaction.
✅ Approves 78% more patients for financing than the industry average, across a wide range of credit scores
❌ Focuses on patients with low credit scores
By approving patients across the credit score spectrum, you'll see higher approvals and for higher amounts (as with Cherry). Sunbit is a good option if your patients are predominantly subprime.
✅ True 0% APR
✅ No hidden fees such as deferred, retroactive or compounding interest.
❌ 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.
✅ Up to $50,000
❌ Up to $20,000
Higher approval amounts mean patients can afford more services with you.
