PayMore Reaches 150 Stores as Demand for Pre-Owned Electronics Continues to Surge
HOSPITALITY
PayMore Co-Founders Stephen R. Preuss Sr. (left), CEO, and Erik Helgesen (right), President, at the company's headquarters in Massapequa, New York.
The resale market is experiencing unprecedented growth, and electronics are emerging as one of its fastest-growing categories. As consumers look for more affordable ways to access technology and seek greater value from devices they no longer use, companies that specialize in electronics resale are seeing significant momentum.
One company at the center of this trend is PayMore, which recently announced that it has reached 150 operating stores across North America following the opening of its newest location in Baton Rouge, Louisiana. The milestone reflects both the company's rapid expansion and the increasing demand for pre-owned electronics.
Founded in 2011 and headquartered in Massapequa, New York, PayMore has built its business around helping consumers buy, sell, trade, and recycle electronics through a retail-focused experience. With growth accelerating across its store network, the company appears well-positioned to benefit from the continued evolution of the resale economy.
A Rapidly Expanding Retail Footprint
Reaching 150 stores is a significant achievement, but the company's growth trajectory makes the milestone even more impressive.
Since the end of 2024, PayMore has expanded from approximately 58 stores to 150 locations, more than doubling its operating footprint in less than two years. During 2026 alone, the company opened 38 new locations and expects to finish the year with approximately 165 operating stores.
Even more notable is the pipeline that remains ahead. According to the company, more than 300 additional franchise locations have already been sold but are not yet open, creating a substantial foundation for future growth.
The expansion highlights the growing appeal of franchised resale businesses as consumers increasingly embrace pre-owned technology.
Strong Sales Reflect Growing Consumer Demand
Store growth is only part of the story.
PayMore reported significant gains across existing locations, demonstrating that demand is increasing alongside expansion. In September 2026, the company recorded a 50% year-over-year increase in same-store electronics purchase dollars and a 56% increase in same-store sales dollars.
Third-quarter performance was equally strong, with same-store purchases increasing 49% and same-store sales growing 47% compared with the same period in 2025.
These results suggest that consumers are becoming increasingly comfortable participating in the circular economy by buying and selling previously owned devices rather than automatically purchasing new products.
The Rise of the Electronics Resale Market
Several factors are fueling the popularity of electronics resale.
New technology devices continue to command premium prices, prompting many consumers to seek cost-effective alternatives. At the same time, smartphones, tablets, laptops, gaming systems, and other electronics often retain significant value after their initial purchase.
By providing a trusted marketplace where customers can convert unused technology into cash, PayMore helps consumers unlock value from devices that might otherwise remain unused.
The company also supports sustainability efforts by extending product lifecycles and promoting responsible technology reuse and recycling.
More Than 800,000 Devices Purchased in 2026
The scale of PayMore's operations highlights just how large the opportunity has become.
Through September 2026, the company's network purchased more than 800,000 devices from consumers, a figure that underscores the growing volume of electronics circulating through the resale marketplace.
According to Stephen R. Preuss Sr., CEO and Co-Founder of PayMore, the company's success is being driven not just by expansion, but by increasing customer demand within existing stores. Consumers are actively looking for smarter ways to monetize old devices while gaining access to quality pre-owned technology.
Looking Ahead
As technology continues to evolve and consumers become more value-conscious, the market for pre-owned electronics shows little sign of slowing down.
With 150 stores now operating, over 300 additional locations in development, and strong same-store sales growth across its network, PayMore is positioning itself as a major player in the rapidly growing electronics resale sector.
The company's latest milestone reflects more than successful franchise growth. It highlights a broader shift in consumer behavior, one where affordability, sustainability, and convenience are reshaping how people buy, sell, and reuse technology.
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