New partnership enables commercial Microsoft Office users to seamlessly process invoices and make payments in 135+ currencies, without ever leaving their email inbox
MAY 7, 2018 (SEATTLE) – Today at Microsoft Build 2018 Developer Conference, Stripe announced that they are working with Microsoft to support new payment capabilities in Outlook, allowing Office customers to easily and securely process invoices and make payments within Outlook. With Stripe, hundreds of millions of Outlook users will be able to immediately pay invoices and bills in 135+ currencies from right inside their inbox, with just a few clicks.
“Stripe’s goal is to increase the GDP of the internet, which we do by providing the tools and infrastructure that make it easier to transact online from anywhere in the world,” said Richard Alfonsi, head of global revenue and growth, Stripe. “We’re excited to work closely with Microsoft to power payments in Outlook, allowing anyone receiving an email invoice or bill in Outlook to immediately take action and pay that invoice with a few simple clicks. By removing the friction and time needed to complete a payment, Stripe and Microsoft can help businesses around the world reduce missed or late payments, ultimately increasing their revenue.”
Payments in Outlook allows users to immediately pay invoices or bills received via email. Stripe creates a frictionless experience that lets users with existing Microsoft Pay accounts complete a payment in just a few clicks, or by entering new card details. Customers are able to make payments directly within Outlook, without any need to click through links to launch a new browser window or sign in to any additional accounts. Using Stripe Connect―Stripe’s product for multi-sided marketplaces and platforms used by companies such as Shopify, Salesforce and Facebook―Stripe securely processes the payment from the end-customer (on one side) and ensures the business that originally generated the invoice (on the other) gets paid in a timely manner.
“Our partnership with Stripe opens up new opportunities for developers to monetize on Microsoft platforms” said Peggy Johnson, executive vice president of business development, Microsoft. “Starting with payments in Outlook, anyone using Stripe on our platforms can now accept payments with minimal effort, creating a more powerful experience for both our partners and our customers.”
Today, Stripe also announced support for Microsoft Pay, a digital wallet service for customers to securely store their payment and shipping details in their Microsoft accounts. Without any additional work, the hundreds of thousands of businesses that run on Stripe can now accept payments in their websites or apps from these customers via Microsoft Pay.
In addition to Microsoft Pay, Stripe also supports other digital payment methods including Apple Pay, Google Pay, Alipay, and more.
To learn more about Stripe’s payments platform, visit https://stripe.com/us/payments.
Stripe is a technology platform that developers use to build internet businesses. Hundreds of thousands of companies — ranging from startups to Fortune 500’s — rely on Stripe’s software tools to accept payments, expand globally, and create new revenue streams. Stripe has been at the forefront of expanding internet commerce, powering new business models, and supporting the latest platforms, from marketplaces to social commerce.
Stripe has received around $450 million in funding to date from investors including Sequoia Capital, CapitalG, Kleiner Perkins Caufield & Byers, Visa, and American Express.
To learn more, visit www.stripe.com.