PayMore Stores Reaches 100 Locations, Expands Global Footprint in Electronics Resale Market

PayMore Stores, the tech-forward electronics resale franchise, has reached a significant milestone with the opening of its 100th store, achieving in just a few years what typically takes most brands decades. Under the leadership of co-founders Stephen Preuss and Erik Helgens, the company has developed a hybrid business model that combines e-commerce with physical retail locations while driving sustainable device recycling practices.

The rapid growth stems from strategic execution across multiple fronts, including technology development, real estate acquisition, franchise systems, and consumer marketing. According to Preuss, the company's success is built on strong leadership collaboration, attentive listening to franchisee feedback, and continuous improvement of their business model. This approach has created strong support among franchise operators while maintaining profitability and operational efficiency.

The electronics resale market is experiencing substantial growth driven by several factors. Since the smartphone boom around 2010, consumer behavior has shifted toward more practical technology purchasing decisions. Rising device prices, slowed innovation cycles, and general tech fatigue have made used electronics increasingly attractive to budget-conscious consumers. PayMore addresses key concerns that previously limited market growth, particularly data security and fair value assessment for traded devices.

Consumer interest in retro and refurbished technology represents another significant trend benefiting PayMore's business model. The nostalgia associated with older gaming consoles and earlier generation smartphones appeals to multiple demographics. Baby Boomers appreciate the simplicity of earlier technology, while younger generations show curiosity about pre-hyperconnected devices. This cultural moment for second-life technology creates additional market opportunities beyond practical considerations.

PayMore has attracted experienced multi-unit operators from restaurant and retail backgrounds due to the relative simplicity and efficiency of its franchise model. Compared to food service concepts, PayMore requires lower startup costs, shorter operating hours, and leaner staffing requirements. The company's e-commerce platform enables continuous revenue generation, while physical locations serve as trusted destinations for device trade-ins. Franchisees typically need only clean retail spaces with basic cabinetry and small, well-trained teams to operate successfully.

The hybrid business model provides competitive advantages in today's retail landscape. Customers visit physical locations for immediate cash payments and secure data wiping, while the e-commerce platform enables global resale of traded devices. This combination delivers local trust building with worldwide market reach. The company's website at https://www.paymore.com facilitates both consumer interactions and franchise development information.

Sustainability remains central to PayMore's mission, with the company recycling more than 1.1 million pounds of electronic waste annually across its store network. Locations offer free electronics recycling and data wiping services, providing responsible disposal options for consumers. The company also repurposes paper, cardboard, and other materials to reduce operational waste. With over 600 stores in development across four countries, PayMore's environmental impact continues to expand toward industry-leading e-waste recycling milestones.

Looking forward, PayMore focuses on maintaining quality and consistency while accelerating store openings across the United States and international markets. The company actively seeks experienced franchise partners who share its vision for sustainable technology resale. Global demand for electronics recycling and refurbished device markets presents significant growth opportunities as consumer preferences continue shifting toward more sustainable technology consumption patterns.