References for claims made in Cherry's social media posts
- Not every practice that offers Cherry will offer the payment plan terms listed. Term length, loan amount, and promotional rates are subject to eligibility.
- For example, a $25,000 purchase may cost $1,000/month over 24 months at 0% APR with $1,000 due at the time of purchase.
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.
- “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”
- CDC: February is National Children’s Dental Health Month
- February is Gum Disease Awareness Month