Synchrony expands into equine market with CareCredit

Premier consumer financial service company, Synchrony, recently announced its expansion into the equine market with CareCredit—a division of its parent-company Synchrony—delivering a contactless payment solution that simplifies the payment collection process and offers point-of-care innovation to equine clinics.

“Research shows that 1 in 3 owners worry about their ability to pay for their horse’s essential needs,¹ which can be stressful. We also understand the passion of equine veterinarians and the financial challenges they face,” says Jonathan Wainberg, senior vice president and general manager at CareCredit Pet, in a company release.

“By empowering their customers with a financing solution that helps them pay over time, while also helping practices get paid quickly for care, we can alleviate the emotional and economic toll for both,” he adds.

According to the release, CareCredit’s digital tools support workflow and cash flow, featuring an all-in-one financing experience that provides equine owners with a seamless way to learn about, apply, prequalify and pay with their CareCredit credit card directly from their mobile device. Veterinarians also have access to a suite of digital capabilities and personalized resources including a unique QR code and custom link.

What’s more, CareCredit’s solution helps horse owners manage the cost of care with simple, budget-friendly financing options. Its user-friendly, online calculator also makes it easy to quickly estimate monthly payments. Clients can pay no interest if they pay the complete amount within the promotional period and make minimum monthly payments.

To further demonstrate its dedication to the equine industry, the company has joined the American Association of Equine Practitioners (AAEP) as an educational partner, granting all AAEP members access to educational resources designed to bolster the business aspect of equine practice while increasing the profession’s financial health.

“It is rewarding to have a company focused on financial solutions and interested in promoting the importance of lifelong equine health care,” says David Foley, executive director of AAEP, in the release.

“We look forward to working with the CareCredit team on educational initiatives designed to support the business side of providing equine care and building healthy financial relationships with clients,” he adds.

Reference

1. Beckstett A. COVID-19’s impact on horse owners. The Horse. thehorse.com/191995/covid-19s-impact-on-horse-owners. Published August 27, 2020. Accessed August 3, 2021.