Tech buy-back retailer PayMore says it will open 90 more stores in the United States in 2025, entering markets such as San Diego and Orange County, Calif., South Carolina, Austin, Orlando, Los Angeles, Houston, Phoenix and Dallas.
The buy-sell-trade electronics retailer says it currently has over 300 locations in development. In January 2025, the company said four franchise agreements were signed, adding close to 30 new units to the development pipeline, reports Chain Store Age.
“Our mission at PayMore has always been to redefine the secondhand industry while minimizing electronic waste,” said Stephen R. Preuss Sr., co-founder and CEO of PayMore. “Seeing our growth accelerate at this pace is a testament to both the demand for sustainable tech solutions and the strength of our franchise model. We’re excited to continue expanding into new markets and working with passionate franchisees who share our vision.”
Recent agreements include a franchise agreement for 14 PayMore locations in Delaware, New Jersey, New York and Pennsylvania; a nine-location deal for Louisiana and Mississippi; and a six-unit agreement in Maryland.
“We were drawn to PayMore for its efficient operations and minimal staffing requirements,” said Pranav Desai of The Integritty Group, which has the 14-unit deal. “Unlike restaurants that need 40 to 60 employees, PayMore can operate with just two to four, making it easier to scale and stay profitable. It offers a simple, scalable, and financially rewarding business model without needing to reinvent the wheel.”
Since its founding in 2011, PayMore says close to 1.5 million devices have been traded in at its stores. The company operates 75 locations globally, with more than 50 located in the U.S., reports Chain Store Age.