Microsoft partners with Stripe for ‘Teams Payments’

North American businesses with a Microsoft Teams subscription will be able to accept payments on the platform, following a partnership between Microsoft and financial infrastructure provider Stripe.

With Stripe powering Teams Payments, meeting hosts will be able to accept real-time card payments during or after virtual events, classes and appointments.

Businesses in the US and Canada will also be able to request payment through Stripe in advance of a Teams session.

Brenna Robinson, general manager, SMB at Microsoft, said: “Our collaboration with Stripe allows us to better serve our customers, deepen the impact of Teams, and boost revenue growth.”

‘Stripe Connect’ will streamline payment acceptance and identity verification for transactions in Microsoft Teams, while Stripe will handle the onboarding requirements to help those merchants that sign up for Teams Payments 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,” added 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.”

Teams Payments is available in preview in the Teams App store, effective 1 May, and to US and Canadian businesses with a Microsoft 365 or Teams subscription.

Earlier this year, BMW of North America selected Stripe as its primary payments infrastructure, meaning that the ‘BMW ConnectedDrive Store’ and the ‘My BMW App’ payments run on Stripe.

Meanwhile, last month, Stripe made its range of unified commerce solutions available in Australia, enabling businesses in the country to accept in-person payments using the ‘Stripe Terminal’ and ‘Tap to Pay on Android’.