Curated News
By: NewsRamp Editorial Staff
November 03, 2025
PayMore Hits 100 Stores, Leads Tech Resale Revolution
TLDR
- PayMore's hybrid model offers franchisees lower startup costs, 24/7 e-commerce revenue, and efficient operations in the untapped electronics resale market for significant competitive advantage.
- PayMore combines brick-and-mortar stores for secure device trade-ins with e-commerce platforms for global resale, creating a seamless circular economy system for electronics.
- PayMore recycles over 1.1 million pounds of e-waste annually while providing free device recycling and data wiping, making technology more sustainable and accessible worldwide.
- PayMore taps into tech nostalgia and retro trends, turning old gaming consoles and smartphones into sought-after second-life tech while reducing electronic waste through resale.
Impact - Why it Matters
This news matters because it highlights a significant shift in consumer behavior and retail economics that affects how people interact with technology. As device prices continue to climb and innovation slows, consumers are increasingly turning to refurbished electronics as a practical alternative to constant upgrades. PayMore's success demonstrates the growing viability of the circular economy model, which not only saves consumers money but also addresses the critical environmental problem of electronic waste. With over 1.1 million pounds of e-waste recycled annually, the company's expansion represents a meaningful contribution to sustainability efforts while creating new franchise opportunities in an underserved market. This trend reflects broader changes in consumer consciousness about technology consumption and environmental responsibility.
Summary
PayMore Stores, the innovative electronics resale franchise co-founded by CEO Stephen R. Preuss Sr. and Erik Helgesen, is revolutionizing the circular economy through its unique hybrid business model that combines e-commerce with brick-and-mortar retail. Under the leadership of these seasoned entrepreneurs, the company has achieved remarkable growth, recently celebrating its 100th store opening—a milestone most brands take decades to reach. The rapid expansion has been fueled by strategic execution, strong franchisee relationships, and constant innovation across technology, real estate, and consumer marketing systems.
The electronics resale market is experiencing unprecedented demand driven by several key factors, including rising device prices, slowing innovation cycles, and growing consumer tech fatigue. PayMore has positioned itself as an industry leader by addressing critical consumer concerns about data security and fair value that traditional mail-in options failed to solve. The company's hybrid model gives it a significant competitive advantage, allowing customers to trade devices in-store for immediate cash with guaranteed data wiping while enabling franchisees to resell items globally through their e-commerce platform. This approach creates what Preuss describes as "the best of both worlds—local trust and global reach."
Beyond commercial success, PayMore is making substantial environmental impact through its sustainability mission, recycling over 1.1 million pounds of e-waste annually across all stores while offering free electronics recycling and data wiping services. The company's appeal extends to experienced multi-unit operators from restaurant and retail backgrounds who are drawn to the model's simplicity, lower startup costs, and operational efficiency compared to traditional franchises. With more than 600 units in development across four countries and ongoing international expansion, PayMore is poised to continue its rapid growth while leading the sustainable tech resale movement worldwide.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, PayMore Hits 100 Stores, Leads Tech Resale Revolution
