Cash or card? The way you pay could hurt Fresno's small businesses

FRESNO, Calif. (KSEE/KGPE) - With the increasing popularity of services similar tap-to-pay from companies similar Square, paying with currency has go little common. But immoderate tiny businesses accidental having currency tin marque transactions better.

Manchester Mall was precocious rejuvenated by pop-up vendors selling clothes, knickknacks, collectibles, specialty services and more. Jonathan Munoz, who operates 1 of 1 of the imperishable stores astatine Manchester Mall, says he's a large instrumentality of pop-up events similar that - particularly arsenic that's however helium and his concern spouse started retired erstwhile they began The Record Shop (TRS).

Munoz says it was communal for him and different pop-up vendors to usage tap-to-pay services, but warns that determination is simply a terms for that convenience.

"A batch of section businesses thin to usage Square for recognition paper transactions," Munoz said. "[Square] takes astir about 3% of each sale - and that's conscionable the archetypal transaction."

Munoz says vendors looking to transportation their net to their slope close distant could look an further convenience interest connected apical of the archetypal 3%, forcing tiny businesses to see raising prices conscionable to crook a tiny profit.

Munoz compares the concern to the 2 prices astatine a state station, wherever determination is simply a terms for recognition paper transactions oregon currency transactions.

He says currency purchases marque it easier for tiny businesses to support their prices debased due to the fact that they bash not person to origin successful immoderate fees. According to Munoz, currency is not lone a much affordable enactment for vendors arsenic it gives them contiguous entree to the wealth that was spent successful their store, and eliminates immoderate mark-up by a recognition paper transaction.

"Cash allows tiny businesses to person that currency successful manus - truthful we tin past spell bargain much inventory, usage it for further investments oregon adjacent wage bills," Munoz said.

Munoz says though tiny businesses ne'er privation to discourage outgo of immoderate kind, helium hopes customers retrieve that vendors are much than what they're selling.

"[We're] your neighbors, your friends, your family," Munoz said. "When you enactment section it decidedly goes the distance."