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Cherry vs Sunbit

How does Cherry Payment Plans compare with Sunbit?

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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

Sunbit

Why This Matters

Practice Fees

✅ 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.

Approvals

✅ 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.

0% APR

✅ 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.

Approval Amount

✅ Up to $50,000
❌ Up to $20,000
Higher approval amounts mean patients can afford more services with you.
Cherry
Sunbit

Why This Matters

Practice Fees

✅ 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.

Approvals

✅ Approves 78% more patients for financing than the industry average, across a wide range of credit scores
❌ Focuses on patients with low credit scores
❌ Deferred interest
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.

0% APR

✅ True 0% APR

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

Approval Amount

✅ Up to $50,000
❌ Up to $20,000
Higher approval amounts mean patients can afford more services with you.

Practice Fees

Cherry

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

Sunbit

❌ High, fee starts at 4.70%

Why This Matters

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

Approvals

Cherry

✅ Approves 78% more patients for financing than the industry average, across a wide range of credit scores

Sunbit

❌ Focuses on patients with low credit scores

Why This Matters

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.

0% APR

Cherry

✅ True 0% APR

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

Sunbit

❌ 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.

Approval Amount

Cherry

✅ Up to $50,000

Sunbit

❌ Up to $20,000

Why This Matters

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

Most Loved Medical Payment Plan in America
"Cherry has made it extremely easy for us and our patients to apply. We have had a great turn around for treatment acceptance from our patients who have been approved for Cherry's financing." - Family Dentistry of Jensen