MICROSOFT TEAMS NOW LETS SMALL BUSINESSES CHARGE FOR WEBINARS AND MORE

Microsoft is launching a payments system inside Microsoft Teams that lets small businesses earn money from classes, one-on-one sessions, webinars, and much more. Teams business users in the US and Canada will now be able to collect payments during a meeting, opening up the service to financial advisors, lawyers, instructors, tutors, and other small and medium-sized businesses (SMB) to collect payments for virtual meetings. Over the past few years, we’ve seen a shift in how services are offered online, thanks in part to the pandemic and the growth and ease of virtual meetings. “The pandemic changed the game,” says Brenna Robinson, general manager of Microsoft 365 small and medium business, in an interview. “I think a lot of the SMBs have now pivoted where they’re now more tech savvy and they’re not just corner shops.” Microsoft is now tapping into that tech-savviness and demand from small businesses to offer a new payments app within Teams. It’s designed to let businesses host webinars or one-on-one sessions and accept payments for them. Microsoft has partnered with GoDaddy, PayPal, and Stripe to make this possible, and it’s free for Teams business users.

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