PayPal Holdings (NASDAQ: PYPL) is stepping in to assist with financial relief efforts in the wake of the SARS-CoV-2 coronavirus outbreak. On Tuesday, the company unveiled a set of measures aimed at helping small businesses cope with the deleterious economic effects of the pandemic. PayPal will allow its business clients to request deferral of payments they owe; if granted, the company won't charge additional fees for the privilege. It is also widening the period of time during which business clients must respond to a customer dispute; it is now 20 days long instead of 10. Customers filing disputes with payment card issuers will not be liable for chargeback fees from PayPal. The company is also waiving fees for its instant withdraw service, under which its users can withdraw funds from one of its business accounts to another bank account or certain debit cards. Image source: PayPal Holdings. These measures, plus PayPal's doubling of its instant cash back rewards on the PayPal Business Debit Mastercard (NYSE: MA), will be in force through at least April 30. All were effective immediately save for the Mastercard cash back doubling, which takes effect on Wednesday, April 1. In the press release detailing these moves, PayPal promised that "[t]his is just the beginning. We all need to step up to support our small businesses. We are actively working with governments and private sector partners to help support businesses in this time of need." On Tuesday, PayPal's stock price dipped by slightly over 1.3%, which was a better performance than several traditional banking stocks, not to mention the broader equity market. Partner Mastercard fell more steeply than said market, declining by 4.6% on the day. 10 stocks we like better than PayPal HoldingsWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and PayPal Holdings wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of March 18, 2020 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Mastercard and PayPal Holdings. The Motley Fool has a disclosure policy.Source