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PayMore Surpasses 100 Multi-Unit Franchise Agreements
PayMore Surpasses 100 Multi-Unit Franchise Deals Signed
A major milestone for the electronics resale and recycling brand — and a sign that more neighborhoods are about to get a local place to buy, sell, trade, and recycle tech.
PayMore® has officially surpassed 100 multi-unit deals signed — a major milestone in the brand's fast-paced expansion, and a clear signal that more entrepreneurs than ever see the neighborhood electronics model as a smart way to build.
A Milestone That Reflects Real Demand
Crossing 100 multi-unit deals isn't just a round number. It reflects the confidence operators have in a model built around something people genuinely need: a friendly, trustworthy place to turn old electronics into cash and find quality pre-owned tech for less.
"This milestone reflects the strength of the model and the confidence franchisees have in the business,"
Said Stephen R. Preuss Sr., CEO at PayMore Group. As demand for affordable, sustainable tech keeps growing, franchisees are expanding to meet it in more communities.
A Strong Start to 2026
The momentum is showing up in the numbers. As reported by Franchising Magazine USA, PayMore signed 11 new franchise deals in the first quarter of 2026 — 15 so far this year — and opened 19 new locations in Q1 alone: 12 across the United States and 7 in Canada. That growth is fueled by a mix of new franchise development and existing operators reinvesting to expand their footprint.
Why Operators Keep Expanding
PayMore's growth comes down to a model built for simplicity, speed, and scalability. As a destination-based business, it lets operators secure well-located sites without the steep costs that usually come with premium retail real estate.
One operator who knows that firsthand is Veer Patel, a multi-unit franchisee in Pennsylvania, who expanded beyond his original deal to secure more territory after seeing the performance up close — pointing to real demand for electronics resale, a smooth process, and a corporate team that keeps helping franchisees scale.
A Market Moving in PayMore's Favor
As shoppers look for more affordable alternatives to brand-new electronics — and put more weight on sustainability — demand for resale and recycling keeps rising. That's exactly the lane PayMore was built for: putting cash in people's pockets while keeping working tech out of landfills. Every device bought, sold, traded, or recycled at a PayMore counter is one more gadget given a second life instead of a spot in a drawer or a landfill.
More Stores, More Neighborhoods
All that growth adds up to one thing for everyday customers: more neighborhoods getting a local PayMore. The brand recently opened stores in Tennessee, Pennsylvania, Florida, California, Illinois, Ohio, Iowa, Texas, Nebraska, and Idaho, with more in development across New Jersey, Missouri, Indiana, South Carolina, Florida, and California.
If a PayMore is opening near you, that's a friendly, no-stress place to sell your old phone, trade up your console, grab quality pre-owned tech, or recycle what you no longer use — with your data wiped on the spot, every time.