PayPal Takes Action to Assist Small Businesses Affected by Coronavirus

PayPal Holdings, Inc. today announced a set of relief measures to help its more than 24 million merchants around the world impacted by the coronavirus (COVID-19). The company is waiving certain fees and will be deferring repayments on business loans for some of its most affected small business customers. "Small businesses are the lifeblood of our national and global economies, creating jobs and helping local communities and families thrive. When they succeed, we all succeed. We are taking immediate steps to help our small business customers who are most impacted by the coronavirus pandemic to help them navigate these challenging times," said Dan Schulman, president and CEO, PayPal