In the highly competitive world of Philippine retail, offering flexible financing is now both a growth driver and survival tool. Buy Now, Pay Later (BNPL) has become a key solution, helping businesses offer customers a way to purchase items even without paying the full cost upfront.
But for merchants, the journey starts long before the first sale. The onboarding experience is the real test of a fintech partnership. To help today’s retailers decide, we looked at three leading BNPL platforms in the country: Home Credit, Billease, and Skyro, and compared how their onboarding works and how they support local businesses.
Navigating the onboarding journey
While all three providers aim to digitize the merchant experience, their onboarding processes differ in accessibility and requirements.
To become a Billease partner, merchants need to apply through its merchant page, submit the required documents, and sign the merchant agreement once approved. After that, they can now integrate payments and BNPL.
Home Credit follows a similar flow: Merchants apply online through the Partner Central, submit the required documents, and sign the contract once approved. After verification, they can go live and offer BNPL at checkout.
Skyro stands out with a streamlined onboarding experience designed for speed and simplicity. Through a single platform, merchants can apply by visiting the website, clicking “Become a Partner,” and completing a short form in the Merchant Portal. The process takes about 10 minutes, with results provided within 48 hours. Once approved, merchants are guided through setup, agent training, and activation by Skyro’s Business Development team.
Unlike other providers, Skyro does not require a minimum sales volume to get started. Businesses only need to be operating for at least six months, making it easier to get started quickly.
Evaluation of business size
While BNPL providers offer similar customer-facing products like installment payments and low or 0% interest promos, each merchant evaluation process is different. Billease uses a risk-based approach focusing on documentation and financial capacity. Requirements differ depending on business type and size, so even small businesses can qualify if they are financially sound, while larger businesses may be approved faster due to stronger financial capabilities.
Home Credit also evaluates based on business size and scale. It conducts store and retailer assessments before activation. Large businesses may get faster approval and added benefits like wider coverage and financing offers, dedicated support, and multiple terminals. Smaller businesses like single stores or start-ups can still apply but may go through stricter checks.
Skyro takes a more accessible approach compared to other BNPL providers that evaluate merchants based on business size and financial capacity. Instead of prioritizing scale, it enables more businesses to participate. Merchants only need six months of operations, with application results provided within 48 hours. This makes it easier for smaller businesses to qualify, while still supporting larger retailers.
BNPL providers as growth partners
Billease offers fast customer approvals and no credit risk for merchants by handling the loan risk. It supports online and offline integration, which is good for online sellers and SMEs.
Home Credit helps increase customer traffic and conversion, through marketing support like in-store activation and merchandising. This can lead to higher walk-in sales, especially for big-ticket purchases.
Skyro positions itself as a growth partner that directly contributes to business performance. It supports merchants in increasing sales, growing basket size, and building long-term results through store agents, promotional campaigns, advertising materials, and event partnerships. The impact is clear and measurable. Large partners have seen sales increase by up to 20 to 25%. Small and medium businesses have grown up to 5x within a year.
Each BNPL provider offers a different onboarding and partnership experience. But whether you’re a small business owner or a larger retailer, Skyro stands out through speed, accessibility, and proven business impact. Its onboarding is fast, its evaluation is inclusive, and its results are measurable. This makes it a strong option for businesses looking to grow with BNPL, whether they are starting small or scaling further.
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