PayMore Leads the Charge in Sustainable Electronic Recycling
The electronics resale franchise is combating one of the planet's fastest-growing waste problems, while opening stores at record pace across four countries.
PayMore is changing the game as a sustainable electronics resale and recycling franchise, proving that we can successfully merge environmental impact with business growth. Their stores are now recycling an impressive 1.1 million pounds of e-waste annually, while buying and repurposing 1.58 million devices. The company continues its rapid expansion, boasting over 100 stores open, 27 new leases signed, 20 letters of intent (LOIs) for new locations, and more than 600 units currently in development across four countries.
This growth is crucial as the world grapples with an e-waste crisis, with over 62 million tons of e-waste generated each year. Alarmingly, only about 20% of this waste is collected and recycled properly. This leads to billions of phones, laptops, and various devices ending up in landfills or unregulated waste streams, where they can leak toxins into our environment.
A Sustainable Business Model
PayMore is tackling this crisis head-on by giving technology a second life. Each store provides customers with complimentary recycling for unwanted devices, as well as secure data destruction and cash payouts for working gadgets. This consumer-friendly approach not only promotes environmental sustainability but also boosts economic advantages.
Stephen Preuss, CEO of PayMore, stated, "Every pound of e-waste we recycle is one less pound of toxins entering our environment. Our mission is simple: make sustainability accessible, profitable, and scalable. We've built a business model where helping the planet also helps our franchisees succeed." Such practices exemplify how business can align with eco-conscious initiatives.
Expansion Strategy and Future Outlook
The positive environmental impact of PayMore is complemented by its impressive growth footprint. The franchise is now operational in 28 states within the U.S., marking a substantial 65% year-over-year growth. Furthermore, development plans in an additional 44 states show a 76% increase year-over-year.
Internationally, PayMore is establishing its presence with new stores and leases in the U.K. and Canada, further solidifying its global footprint. The numbers for 2025 growth are compelling:
- 47 new store openings across the U.S., U.K., and Canada.
- 27 new leases signed and 15 active LOIs.
- +62% increase in franchisees YOY.
- +67% increase in units in development YOY.
- +194% increase in open locations YOY.
- Operating in 28 states (+65% YOY).
- Development underway in 44 states (+76% YOY).
- 18 franchise deals signed for a total of 135 units.
Erik Helgesen, President of PayMore, emphasized the shift in consumer attitudes: "We're not just recycling devices; we're rebuilding how people think about technology ownership. This isn't a short-term trend; it's a shift towards conscious consumption, and our growth illustrates how ready consumers and entrepreneurs are for it." Such forward-thinking is crucial for sustaining market relevance.
The PayMore Store Experience
Every PayMore store aims to simplify tech reuse for customers while providing security and value. Customers can readily bring in old electronics for instant cash or trade options, allowing them to contribute towards a circular economy. Devices that cannot be resold are recycled responsibly, ensuring a secure and environmentally friendly process.
By blending local retail services with a national e-commerce reach, PayMore has crafted a business model that thrives in various economic climates. As consumers increasingly seek affordable technology options from brands aligning with their values, PayMore stands out as a leader.
For further information on PayMore and its innovative solutions, visit www.paymore.com. To explore becoming a PayMore franchisee, additional details can be found on their franchise resource site.
About PayMore
Founded in 2011, PayMore originated with the purpose of obtaining and revitalizing old electronics, ensuring they are circulated back into the market rather than discarded in landfills. What began as a mission-driven venture on Long Island has now evolved into the nation’s fastest-growing electronics franchise. Customers appreciate a boutique retail experience where they can safely sell unwanted tech and purchase new devices.
The brand embraced franchising in 2020. By 2025, PayMore was proudly recognized as a Gold Stevie Award Winner for Company of the Year in Green and Clean Technology. This accolade signifies their unwavering commitment to sustainability and innovation in the electronics resale sector. PayMore is dedicated to reshaping the second-hand technology landscape, with nimble stores enhanced by technology and robust e-commerce capabilities.
Frequently Asked Questions
What does PayMore do?
PayMore specializes in electronics resale and recycling, providing services such as secure data destruction and cash payouts for working devices.
How much e-waste does PayMore recycle?
They recycle over 1.1 million pounds of e-waste annually, significantly reducing environmental impact.
Where is PayMore located?
PayMore operates in 28 U.S. states and is expanding internationally in the U.K. and Canada.
What is the growth outlook for PayMore?
PayMore has ambitious plans for growth, with over 600 units in development and 47 new store openings planned for 2025.
How can I become a PayMore franchisee?
You can learn more about becoming a franchisee by visiting their franchise development site for more specific details.
