PayMore Stores was founded in 2011 in Massapequa, New York, a small close-knit community on the southeastern portion of Long Island, Nassau County. Our concept was born to solve the problem of old and broken electronics piling up in our landfills. Our mission became to obtain and repurpose these than to than re-circulate them back into the marketplace, all while reducing our location eWaste footprint.
We achieved this by incentivizing our customers to trade in their old electronics by offering them cash, ensuring their data safety, while offering customer’s exceptional deals on gently used repurposed electronics with warranties. Our location began fulfilling large electronic device orders from all over the United States as well as international customers which became long term partnerships.
In 2012, our first location in Massapequa exploded with high volume trade-ins, frugal shoppers looking for deals on gently used electronics, and tremendous local support for our green environmental efforts.
Our local community could now visit a PayMore Store; safely trade in their old or broken electronic devices for cash, or trade up their device and shop for discounted electronics all in one local electronics hub, while enjoying expert electronic advice and guidance from our staff.
At this point, our President Erik Helgesen and CEO Stephen Preuss knew that this concept not only would benefit the environment tremendously, but, can be duplicated and grown nationally; providing electronic savvy entrepreneurs an exciting opportunity to own their own PayMore Stores providing their local communities a place to buy, sell and trade electronics safely, while doing their part for a better environmental future. Erik and Stephen began franchising the PayMore Stores brand across the United States.
Starting with a small storefront, our Massapequa location grew to two side-by-side locations addressing the need for our community to browse and shop our repurposed electronics. Our now exploding buy, sell and trade setting quickly became a hit; We became the highest grossing second hand electronics dealer on Long Island, quickly signed up over 30,000+ customers and drew national attention being featured in Entrepreneur magazine.
PayMore Stores now has 4 operating locations in New York and North Carolina with several franchise applications being processed in 31 states.