Microsoft has collaborated with Stripe, PayPal and GoDaddy to launch a payment feature for businesses on Microsoft Teams. This feature enables businesses in North America to receive real-time card payments while hosting virtual appointments, events, and classes on the Teams platform.
Facts
- Microsoft Teams has partnered with Stripe, PayPal, and GoDaddy to launch a payment feature for businesses on the Teams platform.
- North American businesses can accept real-time card payments directly on Teams while hosting virtual appointments, events, and classes.
- Businesses can set up an advance payment feature through Stripe, and can also collect payments during or after the session, with access to funds in seconds.
- Through Stripe Connect, Microsoft will be able to streamline payment acceptance and identity verification for transactions on Teams.
- Microsoft’s collaboration with Stripe, PayPal and GoDaddy will help unlock new revenue streams for businesses, deliver a better customer experience, deepen the impact of Teams, and boost revenue growth.
- Business customers in the US and Canada with a Microsoft 365 or Teams subscription can access a preview of Teams Payments with Stripe and PayPal for free, and the GoDaddy preview will be launching soon.
- It is unclear whether Microsoft has plans to roll out this feature worldwide.
