Stripe Will Handle Payments For Microsoft Teams For Businesses

Microsoft and Stripe are working together to make it possible for businesses in North America to accept payments straight in Microsoft Teams.

Teams, Microsoft’s tool for businesses to work together and talk to each other, will use Stripe to handle payments. With this change, hosts of virtual meetings, lessons, and events will be able to accept card payments in real time. Businesses can also ask that customers pay in advance through Stripe before they can join a Teams session.

When merchants sign up for Teams Payments, Stripe takes care of the onboarding steps to help them get paid.

Stripe gives the example of a yoga teacher who teaches online and can ask students for money in a Teams chat. After a payment has been made, Microsoft will use Stripe Connect to automatically send money from customers to sellers.

“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,” says Mike Clayville, chief revenue officer, Stripe. “With Stripe, more businesses can now accept payments as easily as launching a video conference, chat, or virtual presentation within Microsoft Teams.”