How to Choose Patient Financing for a Med Spa

13 of the 17 patient financing companies in our directory do not publish a price. We read all 17 websites on October 1, 2026 and recorded what each one publishes. This guide lays out the published data and turns the gaps into questions to ask before you sign.

Every vendor named below links to its profile, and each profile links to the page the figure came from.

What does patient financing do for a med spa?

These companies fall into two groups. The first is lenders and credit programs: a patient applies for a credit card, loan or pay-over-time plan, the practice is paid, and the patient repays the company over time. It includes CareCredit, a health and wellness credit card from Synchrony Bank with a Pay Later installment loan beside it, Alphaeon Credit, a bank-backed credit line program, PatientFi, which funds monthly plans through partner banks and credit unions, LendingUSA, PowerPay, United Credit, Wisetack, Sunbit and Advance Care Card. Beautifi and Medicard do the same in Canada.

The second group sells software for a practice that wants to run plans and payments itself. BoomCloud runs in-house membership plans with automated recurring billing. Credee and Denefits build branded checkout flows that offer payment plans by text, QR code or link. FinanceMutual delivers a branded checkout in person, by SMS, QR code or link, with an automatic recovery sequence for missed payments. RepeatMD builds a practice's branded mobile app with memberships, rewards and patient financing through Affirm.

Which companies publish a price?

4 of the 17 publish a price:

Company	Published price
BoomCloud	$197/mo plus $4.50 per member on Basic; $397/mo plus $3.50 per member on Pro; custom pricing for Groups
Cherry	Merchant fee starting at 1.7%-1.9% per financed transaction
Beautifi	$0 to partner; Beautifi earns through the financing itself
Medicard	$0 to the provider

These are not the same kind of number. BoomCloud charges a monthly subscription plus a few dollars per active member, which it says you can build into membership dues. Cherry's fee comes out of each financed transaction before the practice is paid. Beautifi and Medicard charge the clinic nothing; Beautifi says it earns through the financing itself.

The other 13 do not publish a price: Advance Care Card, Alphaeon Credit, CareCredit, Credee, Denefits, FinanceMutual, LendingUSA, PatientFi, PowerPay, RepeatMD, Sunbit, United Credit and Wisetack.

What does it cost to get started?

8 of the 17 state a setup or enrollment fee policy, and all 8 say it costs nothing. Alphaeon Credit says setup takes minutes at no cost. Beautifi says partnering costs your clinic nothing. BoomCloud lists no setup fee. Cherry says sign-up is free, with no setup fee or monthly fee. LendingUSA, PowerPay and United Credit all say enrollment is free, PowerPay adding that you start offering financing if approved. Wisetack says there is no implementation cost or subscription fee.

Free to start is not free to run. On the running cost, Cherry is the only company in the category that publishes its per-transaction merchant fee: 1.7%-1.9% per financed transaction. Five others describe a fee without the number: CareCredit says its processing rate depends on which financing option a purchase uses and charges no annual or monthly fees, PatientFi gives current rates on request, Alphaeon Credit sends rates after a form request, United Credit charges only when a loan is processed, and Wisetack deducts a per-transaction fee from the treatment payment. LendingUSA's site does not state how it charges merchants.

Two sites publish add-on detail: Beautifi says optional add-ons, such as advertising or equipment programs, are discussed up front, and BoomCloud's Basic plan lists software integration add-ons as available. The checkout and app platforms publish no fees at all: Credee, Denefits, FinanceMutual and RepeatMD.

What terms can your patients get?

CareCredit publishes no interest if paid in full within 6, 12, 18 or 24 months on purchases of $200 or more, and longer terms of 24 to 60 months at a reduced APR. Cherry publishes plans from $35 to $65,000 with terms between 1 and 60 months, a zero-interest Pay-in-4 offer for everyone approved, and 0% APR or as low as 5.99% on interest-bearing monthly plans. Wisetack publishes financing from $500 to $15,000 on 3 to 24 month terms, with APRs as low as 0% for eligible patients. Medicard publishes loans from $500 to $50,000 on 12 to 84 month terms, and Beautifi loans from $1,000 to $50,000 with 0% financing options. Alphaeon Credit and United Credit both publish amounts up to $25,000. Advance Care Card publishes up to 15 months interest-free, with no money down and no annual fee.

Who takes the credit risk, and when are you paid?

Three companies publish where they stand on missed payments. Cherry says it handles repayment directly with the patient and takes the credit risk. CareCredit says the practice is paid with no recourse if the patient delays or defaults. PatientFi says there are no penalties or fees to the practice if a patient misses a payment.

Payout timing is published more often. Cherry pays the practice within 2-3 business days, PatientFi typically within 1-3 business days of the practice requesting funds, Wisetack within 1-3 business days of the patient confirming treatment has started, and LendingUSA typically within 3-5 business days of loan documents being signed. LendingUSA also holds approvals open for 30 days and sets a $1,000 minimum loan amount. PowerPay says applications use soft credit checks and that funds are sent by ACH once treatment is underway. Medicard can pay the provider up to four weeks before the procedure, and Beautifi says the clinic is paid directly, typically between one day and six weeks before.

Two more published details: PatientFi says approvals are exclusive to the practice, so a patient's approved amount can only be spent with you, and United Credit offers second-look financing for sub-prime credit, so one application can reach more than one lender.

How long is the contract, and how do you leave?

1 of the 17 publishes a minimum term: BoomCloud, whose pricing page states no long-term contract. 3 of the 17 publish any cancellation detail. BoomCloud says cancel anytime and that you keep every member if you leave. Cherry publishes its refund terms, with no additional refund fees and merchant fees prorated on partial refunds, but its terms for how a provider ends the agreement were not found. LendingUSA says a signed loan can be cancelled or charged back by email or phone, and does not state how a merchant ends its agreement.

For the rest, contract length, renewal and exit are sales-call questions.

What proof do the sites publish?

5 of the 17 publish a case study with a result. Sunbit's covers Bella Vita Med Spa seeing 2X higher treatment values using Sunbit inside Aesthetic Record. PatientFi's covers CC Plastic Surgery increasing revenue 20%, and its enterprise page quotes the president of LaserAway. Cherry's is Bodify CoolSculpting, over $1 million with Cherry. RepeatMD's is a webinar titled around Meesha Aesthetics selling $130k in a day. BoomCloud's published case studies are all dental practices, and it names no med spa client.

10 of the 17 invite you to a demo, call or walkthrough: Alphaeon Credit, Beautifi, Cherry, Credee, Denefits, FinanceMutual, LendingUSA, PatientFi, RepeatMD and Sunbit. BoomCloud is the only one that publishes a free trial, at 30 days.

HIPAA was recorded for only one of these companies (RepeatMD, whose site does not state it) and data ownership for none, so ask about both.

What should you ask on a sales call?

1. What does the practice pay per financed transaction, and what raises or lowers that rate?
2. Who carries the patient's debt if they stop paying, you or the financing company?
3. When is my practice paid, and measured from which event: approval, signing, or treatment?
4. Is there a minimum term? How do I cancel, and how much notice is required?
5. If I leave, what happens to my member list and patient records?
6. Will you sign a BAA?
7. Which practice management systems do you integrate with?

Where the category stands

Across the 17 sites we checked on October 1, 2026: 4 publish a price, 8 publish a setup fee policy, 1 publishes a minimum term, 3 publish any cancellation detail, and 10 offer a demo, call or walkthrough. Each company's profile lists what it publishes, with a link to the page each fact came from. Compare them side by side in the patient financing category.