Payment options through Cherry Technologies, Inc. are issued by the following lending partners: https://withcherry.com/lending-partners/. Term length, approval amount, 0% APR and other promotional rates are subject to eligibility. For example, a $1,500 purchase may cost $60/month over 24 months at 0% APR, with $60 due at the time of purchase. Instant funding upon approval.
Data References:
CNBC: “Increase conversion rate by up to 30% and average ticket size by up to 50%”
*Buy Now, Pay Later Industry has seen an increase in conversion rate by up to 30% and an increase in average ticket size by up to 50%, results may differ with Cherry Payment Plans
“20-50% less expensive than traditional providers of patient financing” is based on the industry average (see comparison).
“75% approval rate” is based on Cherry’s Q4 2022-2023 average approval rate derived from applications submitted via the Cherry app or from a link provided by a practice. Does not include social, organic or website driven applications.
Case Study – Bodify: “See how Bodify generated over $260,000 in revenue with Cherry”