Synchrony or Enhancify:
Which Customer Financing Option to Choose?

Enhancify clients earn up to $650 for each deal and pay no dealer fees

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Who are you?

Do you offer a financing option to your customers?

Do you accept credit card payments?

Leave your contact info and we will reach you.

Do you need financing for your clients?

How much do you want to borrow?

What project do you need financing for?

How much?

What is your credit score?

Why choose Enhancify over Synchrony*?

Below are some evident proofs. Spot the difference
synchrony

No Dealer Fees, up to $650 Commission for Each Closed Deal, and $200 for Referrals

You don't pay any fees, help your customers to get funded on probably best terms in the market

Unduly High Fees and Requirements with No Commissions for Financed Jobs

You pay a transaction fee between 4-15% for each project, plus a fee for new homeowner customers while losing around 32.5% of the profit margin on average
No additional merchant fees
(Also called "dealer" fees)
4-15% fee per job
No additional transaction fee
Average fee of 7.00%.
Account activation fee may apply
Impact on Business Profit Margin
(Assuming 20% profit margin for the average roofing business and average transaction fee)
20% profit margin stays 20%.
Profit margin protected
20% Profit Margin becomes 13.5%.
Lose around 32.5% of profit margin on average
Commissions
(Get paid commissions on each job financed)
Earn up to $650 per funded deal.
Unlimited commissions
Ease of use
60 second application.
Fully digital, fast, and simple for you and homeowner
Multiple forms, documents, and "sale slip" to fill out and store. Must learn and use Synchony's multi-step platform.
"Private label" credit card must be issued in 1-5 business days, which must then be processed (additional credit card processing fees)
FICO Scores served
Serve all homeowners.
Support full spectrum of homeowner credit:
550 - 850 FICO
Minimum FICO is between 640 and 699
Business history
New businesses welcome
2 years in business
Financing amount limits
Up to $200,000
Up to $100,000
0% interest financing
Term length
Up to 12 years
Up to 15 years
Marketing materials
Training & support
Electronic, paperless process
States served
All States
50 States
Company
Built from the ground up by small business owners and former contractors in response to traditional financing taking advantage of contractors.
Bootstrapped - funded by community word of mouth
Publically traded, multi-billion-dollar corporation with over 16,500 employees. Started in 1932
Company business model
Simple annual membership fee ($1,149 / $1,749 / $2,299).
Enhancify does not earn revenue through interest on loans
Largest private label credit card provider in the US. Contractors pay fees to bring homeowner customers to Synchrony
No hidden fees
Unlimited financing
Included in membership
Transaction fee for each project
Industry focus
"Apparel, Electronics and Appliances, Home Furnishings, Automotive, Power Products and Sports, Jewelry and Luxury, other Retail, Elective Healthcare Procedures and Services, and more"
Data Collected in February 2024

Offering financing brings more value to the product

In 2022, Americans spent $427 billion dollars to remodel or make updates to their home.

$427 billion sounds like a lot of money for homeowners to spend, but it really isn't when you think about all of existing homes that are getting older, design trends that are changing universally and going green to save money becomes more and more prevalent.

Plus, with the median home value around $231,000 and the average annual income around $69,000 to $97,000 in the United States, many Americans are unable to afford a home - let alone buy a home that has everything they've ever wanted and is tailored to their tastes and needs.

From now on, start closing more jobs and maximize your profit with Enhancify Financing

Give your customers access to low rates from 30+ reliable lenders plus get commission starting at $50. Refer friends to earn even more. All with $0 dealer fees. Start today with no risk with a 30-day money-back guarantee

No Dealer Fees Ever

0% Financing Option with No "Add-Ons"

Up to $650 Commissions for Each Closed Job

30-Day Results Guarantee

Customized Branded Page

Real-Time Notifications

Education, Training & Specialized Support

$200 Bonus for Referred Friends

Monthly Payment Calculator

Beneficial Yearly Plan

Mobile Friendly

Get Funded Within 2-3 Days

Show All Benefits

Have questions or need help? Contact us at 813-499-9879.

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*Synchrony is a registered trademark of Synchrony Bank. Enhancify.com is not affiliated with Synchrony in any way. Information is used for comparative purposes only. Chart comparison is based on publicly available competitor info compiled in February 2024. All reasonable efforts are made to keep information up-to-date. Information is presented without warranty.