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In Octomber 2021, at INBOUND 2021, Hubspot anounced the launch of HubSpot
Payments, an end-to-end payment solution for better buyer experience. This
new tool is built as part of the HubSpot CRM platform and it facilitates
companies to accept payments in a secure way and with fewer tools. Because
this is a part of HubSpot CRM, companies can easily begin accepting digital
payments without the need to write new code or make costly integrations.
"For too long, B2B companies have suffered through painful sales processes
that leave customers frustrated and lost revenue on the table. That's why
we've built HubSpot Payments to enhance the customer experience rather than
slow it down," said Brad Greene, VP of commerce and payments at HubSpot.
"Because Payments is part of the HubSpot CRM platform, companies are able
to collect payments in less time and with fewer tools, creating a more
seamless experience for their customers. That's a win-win for both our
customers and the companies they serve."
HubSpot Payments supports all major credit cards so the companies can
enable their prefered payment method without changing anything. It comes
also with other important features:
1) Payment Links: a unique URL that facilitates payments for everyone.
These links can be embedded in different places in order to make it easier
for customers to conduct one-time sales
2) Recurring Payments: These allows customers to sell memberships, take
donations and much more
3) A native integration with HubSpot's quotes feature in Sales Hub: This
allows companies to get paid immediately when their customer accepts the
quote.
HubSpot Payments is being powered by Stripe, a partner of HubSpot since
2018.
"HubSpot and Stripe are helping companies scale by providing tools that
deliver better customer experiences and power their growth," said Jeanne
Grosser, head of Americas revenue and growth at Stripe. "Today's launch is
another milestone in delivering a more connected and contextualized
experience for businesses that want their payments and CRM to move as
seamlessly as they do. By connecting our tools natively in HubSpot, we're
taking our partnership to the next level so more customers can benefit."
Quick Questions
What is the TLDR (conclusion)?
This native payment processing tool transforms the HubSpot CRM into a true commerce platform. By connecting sales quotes directly to a payment gateway powered by Stripe, businesses can significantly reduce the time from quote acceptance to payment, streamlining the entire sales cycle.
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