PayMore, the fast-growing electronics resale and recycling franchise, is excited to announce that it has surpassed 100 total franchise deals signed, marking a major milestone in the brand’s rapid expansion. The achievement underscores continued demand from entrepreneurs seeking scalable, service-driven retail concepts rooted in sustainability and value.
PayMore boasts strong first-quarter performance, with 11 new franchise deals signed in Q1 and 15 total deals signed so far in 2026. The company also opened 19 new locations in Q1, 12 in the United States and 7 in Canada, fueled by both new franchise development and existing operators reinvesting in the brand and expanding their footprint.
“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 technology continues to grow, our franchisees are leaning in and expanding to meet that need in more communities.”
“We recently expanded beyond our original deal to secure more territory after seeing the performance firsthand,” said Veer Patel, a PayMore multi-unit franchisee in Pennsylvania. “There’s real demand for electronics resale, and it made the decision easy. The process was smooth, and the corporate team continues to roll out updates that help us improve and scale.”
PayMore’s growth is fueled by a model designed for simplicity, speed, and scalability. The brand’s positioning as a destination-based business allows operators to secure well-located sites without the high costs typically associated with premium retail spaces.
At the same time, the broader market continues to move in PayMore’s favor. As consumers look for more affordable alternatives to new electronics and prioritize sustainability, demand for resale and recycling services continues to rise.
With stores recently opened in Tennessee, Pennsylvania, Florida, California, Illinois, Ohio, Iowa, Texas, Nebraska, and Idaho, plus stores in development in New Jersey, Missouri, Indiana, South Carolina, Florida, and California.
visit https://paymore.com/ or https://fransmart.com/brand/paymore-electronics-franchise/.