Stripe and Microsoft launch real-time card payments on Teams
By Delisha Fernandes
Stripe, a financial infrastructure platform for businesses, has announced a new partnership with Microsoft that enables North American businesses to accept payments directly in Microsoft Teams.
“We are thrilled to partner with Stripe to help unlock new revenue streams for companies on Teams Payments,” said Brenna Robinson, general manager, SMB, at Microsoft. “Our collaboration with Stripe allows us to better serve our customers, deepen the impact of Teams, and boost revenue growth.”
The Microsoft collaboration platform offers video conferencing, voice, messaging, and other embedded tools to more than $300 million global businesses. Stripe will power Teams Payments, allowing meeting hosts to accept real-time card payments during virtual appointments, classes, events, and more. Businesses can now set advance payment through Stripe as a requirement to join a Teams session.
Microsoft is using Stripe Connect to streamline payment acceptance and identity verification for transactions in Teams. When merchants sign up for Teams Payments, Stripe handles the onboarding requirements to help them get paid.
“Our partnership brings Stripe into one of the world’s most popular collaboration platforms and will help millions of companies accelerate their online revenue growth,” said Mike Clayville, chief revenue officer at Stripe. “With Stripe, more businesses can now accept payments as easily as launching a video conference, chat, or virtual presentation within Microsoft Teams.”
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