Are you an independent contractor or small business owner who provides services online? If this is the case, you may be curious about how to quickly and easily receive payment from your clients. It’s possible that you experimented with various payment gateways. However, you frequently have to navigate between many websites or apps to use them. This can be complex and time-consuming.
Another way to expedite the payment procedure is now available. The Teams Payments app has been released by Microsoft. With this new functionality, you may ask for and accept payments from your clients. It is carried out in Microsoft Teams meetings.
Right now, both the US and Canada can download the Teams Payments app. Members of Microsoft 365 Business and Teams Essentials subscriptions are eligible for free.
How Does the Teams Payment App Work?
Using the Teams Payments app is easy. The app is available through the Microsoft AppStore. You link it to your chosen payment provider and add it to your Teams account. There are options available to you:
- Stripe
- PayPal
- GoDaddy
After configuring the app, you can use Teams meetings to start asking your clients for payments.
How Do You Send a Payment Request?
Simply start the meeting chat and issue a payment request. Next, choose the Payments icon located within the messaging extensions. You can then complete a short form. Your request’s description, recipients, amount, and currency are all included.
If you’d like, you can make many requests with the same information. A card displaying each payment’s status—paid or unpaid—will be generated by the app.
Image credit: Microsoft
The same card will be visible to your clients in their meeting conversation. To finish their payment, they can click the Pay Now option. They will be redirected by the system to the payment service that you have set up for the application. They can confirm their transaction and input their payment information there.
They will see a confirmation message in the conversation after doing it. A message confirming the processing of your payment will be sent to you.
Image credit: Microsoft
Benefits of Using the Teams Payment App
The Teams Payments app offers a lot of advantages. For freelancers who provide online services as well as small enterprises. To name a few, these are:
Time and trouble are saved.
It is not necessary for you to go between several websites or apps. Receiving and requesting payments from your clients is simple. Everything is possible inside Team meetings. For all sides, this increases convenience and efficiency.
It boosts client loyalty and pleasure.
Your clients will value how simple it is to pay you via Teams meetings. To pay you, they don’t have to download an app or create an account. Within the meeting, they can finish their transaction with a few clicks.
It increases your cash flow and income.
By using the Teams Payments app, you may receive payments more quickly and safely. Checks or bills don’t have to clear before you may proceed. After finishing a service, you can get your money in a matter of minutes. through PayPal or straight into your bank account.
It improves your credibility and professional image.
You may demonstrate to your clients that you work with a reputable and trustworthy payment processor. one constructed by a reputable business that has led the technology industry for many years. A seller policy is another option you have for your payment requests. You can outline your terms and conditions, refund policy, cancellation policy, etc. here.
It facilitates your payment tracking.
Financial management requires careful payment tracking. Real-time transaction tracking is possible with the Teams Payments App. Instant notifications are sent to you upon successful payment completion. It will assist you in keeping an accurate record of all of your financial dealings.
It integrates with Microsoft 365 without any issues.
Microsoft 365 and the Teams Payments App are fully integrated. You have access to Microsoft’s ecosystem’s power. Utilizing it to coordinate payments, communications, and teamwork. There’s only one platform to use, so there are no other logins or complex configurations required.
Productivity rises as a result.
The secret to productivity is efficiency. By integrating Payments into Teams, you can cut down on the amount of time spent on payment-related tasks. More productivity results from this efficiency. It enables you and your group to concentrate on advancing growth and key business operations.
Digital business transactions have advanced significantly with the release of the Teams Payments app. Utilizing this effective tool will streamline your payments. In addition, you’re improving client experiences, protecting data, and increasing efficiency.
We Can Help You Get More Out of Microsoft 365
Your payment process can be made simpler and more efficient with the help of the Teams Payments app. You may save time, improve client satisfaction, and raise sales with its assistance.
Do you need assistance with any of the Microsoft 365 tools? To ensure you get the most out of your Microsoft subscription, our professionals may collaborate with you.
Give us a call today to schedule a chat.